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What is meant by convert to delivery?

Convert to delivery is applicable on Equity Cash intraday positions only. It is applicable when an Investor has entered a position with an intraday order but later on intends to take delivery which is settled on the T+2 basis.

Please Note*

  • When a trader is long on Equity Cash then he/she needs to maintain 100% of the Purchase Amount in order to convert an intraday position.
  • Need to have stock in the Demat account - Cannot short a share otherwise for more than a day.