What is MIS in Zerodha Kite?

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MIS is an abbreviation for Margin Intraday Square off. It is an order type used for Intra-day orders in equity and F&O. The MIS orders are squared-off automatically at the end of the day if they are not settled by the customer during the day. Note, Zerodha charges an additional ₹20 per executed order for intra-day positions squared-off by the system.

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