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What is a haircut in Upstox?

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Haircut in upstox is the difference between the current market value of a security and its value calculated for pledging as collateral.

Say, you have 100 shares of SBI currently trading at ₹400. So, the current market value of your stocks is ₹40,000. However, if you pledge the stocks as collateral to avail loan against shares, the broker will deduct a haircut to account for any downward swing in the price of SBI share in the future. The haircut differs from stock to stock.

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