Can I convert an intraday position to delivery
Yes, you can convert an intraday position to delivery in India using broker platforms like Zerodha, Upstox, or Groww. To do this, you need to select the “Convert to Delivery (CNC)” option before market closing. This ensures your intraday trade doesn’t get squared off and instead shifts to delivery, meaning the shares will be transferred to your Demat account. Stock Charcha recommends checking your available funds before conversion.
Detailed Explanation
Many beginners ask: “Can I convert an intraday position to delivery?” The answer is yes, provided you meet the fund requirements. Intraday trades (MIS) are margin-based, but delivery trades (CNC) require full payment.
How to Convert Intraday to Delivery in Zerodha?
Converting in Zerodha Kite is very simple:
- Login to Kite app/web.
- Go to “Positions” tab.
- Select the stock placed under MIS (Intraday).
- Click on “Convert” → Choose CNC (Delivery).
- Confirm the request and ensure full funds are available.
Zerodha requires the conversion before 3:15 PM, otherwise your position may be squared off.
Is Intraday Convertible to Delivery in Stock Market?
Yes, intraday is convertible to delivery across most brokers in the Indian stock market. But conversion depends on two main factors:
- Sufficient Balance – Delivery requires 100% margin.
- Broker Rules – Cut-off time and charges may vary.
If these conditions are met, your shares will be credited to your Demat account and you can hold them for as long as you want.
Pro Tips / Common Mistakes
- ✅ Always keep sufficient balance in your trading account.
- ❌ Don’t wait till last few minutes; some brokers decline late conversions.
- ✅ Use conversion wisely – Stock Charcha advises holding only if you truly want long-term exposure.
Related Questions / Also Read
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Written By Hasanraza Ansari. Connect with me on LinkedIn.
