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 |