What is MIS in Kotak Securities?

MIS or Margin Intraday Square-Off is an order type used for intraday trading in Kotak Securities.

MIS facility in Kotak securities allows you to take higher exposure than the funds available in your account and trade intraday with margin benefits through cash and stocks. You can take multiple positions across segments using MIS, including cash, stock futures, index derivatives, and currency on the NSE and MCX exchanges.

The open MIS positions need to be squared-off as per the below cut-offs failing which the broker initiates auto-square off of these positions.

Auto Square Off Timings:

• Equity/F&O: 3.20 pm
• Currency: 40 pm
• Commodity: 30 minutes before market closure.

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