MIS means "Margin Intraday Square-off "

Zerodha provides a margin of 3 to 10 times of your balance for MIS trades.

Things You Should Know About MIS In Zerodha Kite

1. Execute MIS orders if you want to buy or sell stocks within the same trading day.

2. MIS order allows you to take advantage of leverage.  It means you can buy shares at less price than they are actually available in the market. 

3. MIS orders have to be squared off (exit position) by the end of the trading day. 

4. If you don’t close your positions by the end of the day, Zerodha will automatically square off the positions on your behalf at 3:20 p.m. 

Zerodha Charges On MIS Orders 

Zerodha Margin Intraday Square off (MIS) charges are 0.03% or ₹20, whichever is lower per executed order