When will funding be reversed and debited to a normal ledger?

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• At what price funding reversed and debited in normal ledger

  Funding reversed buy rate and debit in normal ledger

• If there is any corporate action in stock then what will happen if stocks are funded?

  Funding will be removed, and debit will be transferred to the IIFL ledger. Also, MTOM loss will be debited to the IIFL ledger.

• How fixed deposit from ledger will be treated?

  In case you have opted for fixed deposit from ledger, any unutilized margin on the day of settlement payout will lead to liquidation of fixed deposit. Interest rate will be reduced based on tenor and Prematurity penalty will be applicable.

• Will all stock bought as BNPL be considered for the funding?

  No.. Funding is allowed only in the stock available in the list of Group 1 securities (IIFL E A B C D) published by exchange every month. The same must be bought in NSE only and no funding will be allowed if stock is bought in BSE.

• What is Broker Margin Funding ?

  Broker Margin Funding (BMFD) is a product which will allow you to take leverage positions in capital markets segment to purchase securities with the help of amount borrowed from IIFL against securities purchased.