Home » 4 Easy Steps to Convert MIS to CNC In Zerodha Kite App

4 Easy Steps to Convert MIS to CNC In Zerodha Kite App

We all love to use mis leverage and sometimes we have to convert mis to cnc. Kite Zerodha app allow us to easily convert the position from MIS to CNC. Here I guide you to convert the same by following these 4 easy steps. But, before converting the position you should know why we need to convert and what are the conditions to successfully convert the position from MIS to CNC. This is a complete guide that will help you to convert your position from MIS to CNC in Zerodha kite app. ( Skip to main content )

Why Need To Convert MIS To CNC Position?

I am going to explain the reason to convert the position which I faced. Once a day I had taken 3 buy position in intraday MIS, Reliance, HDFC, and SBIN. On that day at 11 O’Clock. I achieved the target for the script HDFC and within 12 O’Clock achieved the target for Reliance. But another script SBIN goes down on that day, but not reach the Stop Loss.

I was confident about my technical and fundamental analysis and I knew that SBIN will be high for the next day. But my position was MIS, which automatically square off at 3:20 pm.

If I am not taken any action, then I had to compromise with some loss for the MIS position. So, I had decided to convert my MIS position to CNC position for holding purpose and I did that.

Before you follow the steps to convert your MIS position to CNC position in Zerodha, you may like to read these blog posts,

Before I tell you the exact process to convert your MIS position into CNC in Zerodha, need to clear the purpose to do it.

I advice you to know well what is MIS and CNC before conversion between “MIS to CNC” or “CNC to MIS”.

CNC in Zerodha

  • CNC stands for Cash and Carry.
  • CNC generally used for Delivery trading of equity.

MIS in Zerodha

  • MIS stands for Margin Intraday Square-off.
  • MIS generally used for Intraday Equity, F&O and Commodity Trading.

Conditions To Convert MIS To CNC Position?

Before you going to convert MIS to CNC, you must be well known about the following conditions:

  • Condition 1: Must have enough free cash in your Zerodha trading account.
    Example: I had 50 shares of SBIN with the market value of Rs. 250 each. So, the minimum required free cash was Rs. 12500 in my kite app to successfully convert the position from MIS to CNC.
  • Condition 2: You must take the decision and action before square off your intraday position, otherwise you lose your money.

Follow These 4 Easy Steps to convert MIS to CNC in Kite App

How To Convert MIS To CNC In Kite App
Convert MIS to CNC

Convert MIS to CNC: Now I guide you to convert MIS to CNC in Kite App step by step.

  • Step 1: Go-to Position tab in your kite app.
  • Step 2: Click on the position script and select the Details option.
  • Step 3: Click on Convert Position button.
  • Step 4: Click on CONVERT button to successfully convert your position in CNC. ( Before converting your Zerodha MIS position, you can set the quantity how much you wish to convert to CNC. )
how to convert MIS to CNC step 1
Step 1
how to convert MIS to CNC step 2
Step 2
how to convert MIS to CNC step 3
Step 3
how to convert MIS to CNC step 4
Step 4

Convert MIS to CNC Zerodha Charges

Good news for traders! No need to spend any extra cost to convert mis to cns. i.e, zero cost.

How to convert CNC to MIS in Zerodha Kite App

Convert CNC to MIS: This section is specially for those traders who asking “can i convert cnc to mis zerodha?” to google search. Convert CNC to MIS is very easy and simple task for a trader who already know the process to convert MIS to CNC. Just reverse the process or follow the steps below:

  • Step 1: Go-to Position tab in your kite app.
  • Step 2: Click on the position script and select the Details option.
  • Step 3: Click on Convert Position button.
  • Step 4: Before converting your Zerodha CNC position, you can set the quantity how much you wish to convert to MIS. Click on CONVERT button to successfully convert your position in MIS.

About the author

KANCHAN CHATTERJEE

A professional blogger from West Bengal, India. I love blogging about Digital Life and the Stock Market. Also the Co-Founder of SK Capital Analysis and Sales Associate at ZERODHA.

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