What is the process to convert an MTF position to an Overnight position?
You can convert your Margin Trading Facility (MTF) position to an Overnight (CNC) position by following these steps:
Steps to Convert an MTF Position to Overnight:
- Log in to your FYERS account via the web or mobile app.
- Navigate to the ‘Manage Account’ section.
- Go to the ‘Positions’ tab to view your current holdings.
- Locate the MTF position you want to convert and click on the Edit icon (pencil symbol) next to the stock.
- In the pop-up window, enter the quantity of shares you want to convert in the ‘Qty’ field.
- Click ‘Convert’ to finalize the conversion.
- Ensure you have sufficient margin before confirming, as the request will be cancelled if the margin is insufficient.
For a step-by-step visual guide, refer to the video below:
Note: This option will only be available on the trading days.
For conversion timings, margin requirements, and risk validations, refer to this article.
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