What is Buy Now Pay Later?

Buy Now Pay Later (BNPL) is a delivery order where you don’t have to pay the full amount needed to buy the stock.
With BNPL, you can enjoy up to 4x returns on your trades. Instead of paying 100% of the stock value, you only have to pay a fraction (depending on stock category, for eg. 20%). This allows you to buy more quantity of the stock with the same amount of money resulting in multiplied returns!

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Is Buy Now Pay Later (BNPL) the same as Margin Trading Facility (MTF)?
Yes, Buy Now Pay Later (BNPL) is the same as Margin Trading Facility (MTF).
What will happen if you sell Buy Now Pay Later stocks on the date of purchase?
The transaction will be treated as an intraday transaction instead of a BNPL transaction.
Is there any maximum duration one can hold "Buy Now Pay Later" stocks?
You can hold your stocks for an indefinite period.
Can client pledge stocks purchased through "Buy Now Pay Later" for margin?
Since client have already pledged the BNPL stocks, margin pledge will not be available. To know more about BNPL in Mobile App, Click Here
How to buy Mutual Fund ?
To register Mutual Fund Lumpsum/SIP, you can follow the steps mentioned below: Through IIFL Mobile App(Client Login): Open the menu on IIFL Markets App. > Click on Mutual Funds. > Select Buy MF/SIP > Click on Buy for Lumpsum order > Click on SIP to ...

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