Convert mtf to delivery

1

Is it possible to convert MTF holding into Delivery? If so, how it will work? What will be the possible charges for the same? Kindly advise.

2

Hi @Diljith welcome to Dhan community!

In order to convert your MTF holdings to delivery kindly drop an email at help@dhan.co with the quantity and scrip details.

Please note, sufficient margin should be maintained for MTF conversion.

3

Dear Madam ,

Well noted and many thanks for the prompt response! I would to have more clarity on the same,

For egs:,

  1. I bought a share at 100 RS , 100 qty. Now its trading at 110 . So how much margin i need to keep in my account for converting it (10,000 or 11,000). ?
  2. What are conversion charges ?
  3. How many days it will take ?
4

Hi @Diljith,

We have answered your queries below :

  1. For conversion you need to maintain funds as per the buy price.
  2. There are no charges for conversion.
  3. It will take approx 24-48 working hours.
5

Dear Madam ,

Well noted and many thanks for the support!