MIS means "Margin Intraday Square-off "

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

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Things You Should Know About MIS In Zerodha Kite

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

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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.

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

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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.

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Zerodha Charges On MIS Orders

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

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