BMFD
Shall we get margin on T+1 for stock bought today in MTF?
Yes, Need to authenticate by client to pledge the stock in MTF before 8:30 PM on T Day only
What is the margin for new & existing BMFD positions ?
IIFLSEC has revised the margin for acquiring a new position in BMFD will be 2 times the current margin requirements with a maximum limit of 100% from 2nd February 2024. However It will not affect any existing positions created before 2nd February ...
How client will get margin on shortage of shares?
Please note if due to any reason there is shortage of shares payout in client's account on T+1 days then OTP will not get validated and it will get rejected with reason overdue as only on full payout quantity it gets pledged.
How client will get limit on unrealized Profit?
Please note client not get margin on unrealized profit if any.
What happens in case you are not able to confirm the BMFD otp on time?
>If you are not able to confirm OTP by T+1 day, then stock will be moved to Client Unpaid Securities Pledgee Account (CUSPA) if your account is in debit, otherwise to your demat account if it is in credit. >IIFL will reverse the funded trade, debit ...
What is the process for BMFD?
1. Initially, the stock needs to be pledged by you under the margin pledge module. Once you take the funding, IIFL Securities will initiate the BMFD earmarked pledge of the given pledge stocks. 2. IIFL Securities will send an OTP link to your ...
What are the important points to be remember before we take BMFD product?
1.Clear the payment of purchase of unapproved stocks and stock purchased in BSE within T+6. 2.Clear dues towards Brokerage, statutory charges, Interest, Intraday losses, Derivative segment losses as debit arising due to these transactions will fall ...
On which Stocks client will get the funding?
Funding is given only for stock purchased in NSE and further classified in IIFL-approved stocks (categories E,A,B,C & D).
What is criteria for Broker Margin Funding?
For old clients :- For activation of BMFD product you need to have minimum networth of Rs.25,000/-. For new clients :- It will get activated by default.
What is Broker Margin Funding ?
Broker Margin Funding (BMFD) is a product which will allow you to take leverage positions in capital markets segment to purchase securities with the help of amount borrowed from IIFL against securities purchased.