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 through the FYERS Web platform. Make sure to initiate the request only on trading days and during the allowed time window.
Steps to Convert an MTF Position to Overnight
- Log in to your FYERS account via the web.
- 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 the Edit icon (pencil symbol).
- In the pop-up window, enter the quantity of shares you want to convert in the Qty field.
- Click Convert to finalize the conversion.
Important Notes
- Ensure you have sufficient margin in your account. If not, the request will be automatically cancelled.
- This option is only available on trading days between 9:00 AM and 7:00 PM.
- If you sell the MTF position before the conversion is processed, the request will be voided.
- Once approved, the position will appear under your holdings on the next working day.
- You’ll receive confirmation via WhatsApp and email for successful or rejected conversions.
Tip: Keep track of your available margin and avoid placing sell orders before the conversion is complete
Last updated: 12 Jun 2025
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