Is VTD order placement feature available for all the products?

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• How does VTD order feature work?

  When you place a VTD order, you give an order instruction to IIFL stating that if the order is not executed for the entire quantity, IIFL is authorised to place fresh orders for the unexecuted quantity in your account on the subsequent trading days ...

• Can I place Buy and Sell orders with VTD order validity?

  Yes, VTD order validity is available for both your Buy as well as Sell orders in Cash product.

• Do I need to allocate funds for placing orders with VTD order facility?

  Yes. Your buy orders with VTD order validity are similar to your Cash Buy orders. Prior to placing the orders, you will have to allocate necessary funds in your account. You will have to ensure that necessary funds are available in your allocation ...

• What will happen in case there is a corporate action happening in the scrip in which I have placed VTD order and order is still valid?

  If a corporate action is announced in any scrip then such scrip will be disabled by IIFL for VTD overnight order placement on your behalf from Ex Date minus 1 day till Record date. If your VTD order in such scrip is still valid then your orders in ...

• Can I place Market Cash orders with VTD order validity?

  Yes. Cash orders with VTD order validity are allowed with Market Price.