Indian Margin Calculator

Enter contract details to see approximate margin requirement for NSE/BSE futures and options.

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SEBI Mandate Max 5x MIS Leverage

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Calculator Inputs

MIS Equity Mode

Symbol / Stock

EQ Active

Entry Price (₹) help_outline

₹

Quantity help_outline

Broker Leverage (x) 20% Margin Required

Max 5x (MIS)

Presets:

Per SEBI peak margin mandate, maximum allowable MIS intraday leverage for equity stocks is 5.00x (minimum 20% margin upfront).

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Capital & Margin Allocation Visualizer

Real-time breakdown of cash commitment versus broker-funded leverage cushion

5.0x LEVERAGE

Capital Split (Notional Exposure) 100% Total Value

Upfront Cash Margin: ₹10,000.00 (20.0%)

Broker Leverage Funded: ₹40,000.00 (80.0%)

5.0x 20.0%

Margin Fraction

You commit 1 part cash for every 4 parts borrowed from your broker.

Adverse Move To Full Loss Risk Buffer

-20.00% price swing

At this leverage, an adverse price drop of this magnitude completely consumes your upfront collateral.

Stock: NSE:RELIANCE

Total Value: ₹50,000.00

Cash Margin: ₹10,000.00

Broker Cushion: ₹40,000.00

analytics

Primary Results Summary

SEBI Peak Margin Compliance Model

Total Trade Value

100%

₹50,000.00

Based on 100 shares @ ₹500.00

Margin Required (Cash)

₹10,000.00

Upfront capital commitment (20.0%)

Effective Leverage

MIS

5.00x

SEBI regulatory cap for equity MIS

Broker Funded / Buffer

80.0%

₹40,000.00

Clearing house margin cushion

SEBI Regulatory Margin Requirements across Asset Classes

Updated under Circular SEBI/HO/MRD2/DCAP/CIR/P/2020/127 for peak margin obligations.

Exchange Segment: NSE / BSE

Segment / Order Type	Max Allowable Leverage	Minimum Margin %	Required Margin (₹)	Mandatory Regulatory Formula	Overnight Holding
Equity Intraday (MIS / CO)	Max 5.0x	20.00%	₹10,000.00	VAR + ELM (Minimum 20%)	Auto Squared-off 3:20 PM
Equity Delivery (CNC)	1.0x (No Leverage)	100.00%	₹50,000.00	Full Upfront Purchase Value	Allowed (T+1 Settlement)
Index Futures (NIFTY / BANKNIFTY)	~4.0x – 5.0x	20.0% – 25.0%	₹11,250.00	SPAN Margin + Exposure Margin	Allowed till Contract Expiry
Stock Futures	~3.5x – 4.5x	22.0% – 28.0%	₹12,500.00	Volatility-adjusted SPAN + ELM	Allowed till Contract Expiry
Options Buying (NRML / MIS)	1.0x (No Leverage)	100% Premium	100% Premium	Option Strike Premium × Lot Size	Allowed (NRML mode)
Options Selling (Writing)	~4.0x – 5.0x	Dynamic (SPAN)	₹11,250.00	SPAN + Exposure Margin (Equivalent to Futures)	Allowed till Contract Expiry

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Indian Market Regulations

What is Margin in Trading?

Margin is the collateral deposited with a broker or exchange to cover credit and price volatility risk associated with holding leveraged derivatives and intraday positions.

The Margin Formula

Trade Value = Entry Price × Quantity

Margin Required = Trade Value ÷ Leverage

Worked Calculation Example

If you want to buy 100 shares of a stock priced at ₹500 using 5x leverage:

Your total trade value is ₹50,000.

Because you have 5x leverage, you only need to provide 1/5th (20%) of the total value.

Margin Required = ₹50,000 ÷ 5 = ₹10,000.

Trading Questions

Frequently Asked Questions

What is the SEBI peak margin rule and how does it limit intraday leverage?

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The SEBI peak margin mandate requires brokers to take at least 4 snapshots of client positions across trading hours. Clearing corporations verify that 100% of minimum VAR (Value at Risk) + ELM (Extreme Loss Margin) was held upfront. For liquid stocks, this restricts maximum leverage to 5x (20% margin).

What happens if my intraday trade hits the auto square-off time (3:15 PM / 3:20 PM)?

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If an MIS position is not manually closed before broker cut-off (typically between 3:15 PM and 3:25 PM IST), automated RMS systems trigger market orders to close the position. Most discount brokers levy an auto square-off fee (around ₹50 + GST) per order.

Is margin allowed on equity delivery (CNC) trades?

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No. Standard Cash & Carry (CNC) delivery requires 100% upfront cash payment. However, if you opt for Margin Trading Facility (MTF), select brokers lend up to 75%–80% of the capital with nominal interest for extended holding periods.

How does VAR + ELM margin affect stock-specific leverage?

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Higher volatility stocks incur higher VAR percentages. While blue-chip stocks like RELIANCE, TCS, or HDFCBANK may have a 20% minimum margin requirement (5x leverage), highly volatile small-cap stocks might require 35% to 50% margin, resulting in lower effective leverage (2x to 3x).

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Traders executing with the NSE Margin & SPAN Calculator routinely pair these verified calculation engines to audit risk, transaction friction, and position expectancy.