What is the margin for new & existing BMFD positions ?

What is the margin for new & existing BMFD positions ?

IIFLSEC has revised the margin for acquiring a new position in BMFD will be 2 times the current margin requirements with a maximum limit of 100% from 2nd February 2024. However It will not affect any existing positions created before 2nd February 2024. To illustrate revised margin, please refer to the following example:

Scrip

Existing margin %

New margin %

A

25

50

B

60

100