HDFC Securities e margin is a facility given to the investors so that they can purchase the shares without paying the entire value upfront and later make profits by trading in them. But here comes the question of how to use e margin in HDFC Securities?
To avail of the HDFC Securities e margin facility, all you need to do is to follow the steps given below:
- Log in to your HDFC Securities trading account using your credentials such as HDFC Username, password, and date of birth
- Click on buy and then select the exchange
- If you are using the HDFC Securities mobile trading app then, go to the menu on the top left and then click on trading. Complete the process by clicking on Buy/Sell.
- After that, you need to write the first 3 letters of the company whose shares you want to purchase. Select the shares and then move on to product types
- In product types, choose E Margin
- Enter the required quantity and price
- Choose the one between Limit order and Market order
- Place your order and you have availed of the margin facility
Once you have placed the order and opened a position using the e margin facility, you need to square it off or convert it into delivery inside the T+275 days. If you fail to do so, the broker will square off your position automatically.
We hope we helped you know how to use the e-margin facility in the HDFC mobile app. If you have more such questions, please drop them down in the comments.
