Brokerage Trading

You can complete your eKYC within 5 Min. Once your documents are successfully verified and e-Signed using Aadhar OTP, your A/c will be activated within 24 hours if you are KRA Compliant . You would receive a welcome email to your registered email id.

If you are non KRA Compliant, the Account opening process would take 48-72 hours after which you would receive a welcome email to your registered email id.

Any discrepancies or mismatch in the documents submitted would delay the account opening process.

For Individuals, documents required include:

• Aadhar Card (Identity and Address Proof)
• PAN Card
• Bank account details
• Income Proof (last 6 months bank statement)
• Signature (on blank white paper)

Note: If bank verification fails, cheque copy of your bank account is mandatory to upload.

You get a totally FREE all in one account. Option Trading and Demat account opening is FREE. There is ZERO demat & AMC charges. You can use the demat account to invest in Mutual funds, Equity, IPO’s, Bonds etc.

You can trade in Liquid Index Options expiry contract on expiry date. However you cannot trade in Stock option expiry contracts on Expiry day due to liquidity concerns.

Illiquid Options are blocked as per Navia’s internal Risk management policy in order to protect traders from being stuck with a position in the absence of counter parties to cover the same.

When we allow to buy an illiquid contract, a client would be able to create a position in it by buying or selling the contract. A risk arises when the client is unable to square off the position due to non-availability of counter party which is highly common in illiquid contracts. As a result of this, the client would necessarily be required to bring in additional margins, failing which, would attract penalties.

The broker will be levied these penalties for not taking due diligence to prevent trading in illiquid contracts. To avoid these we block illiquid contracts.

The premium received on Selling Options can be used to buy other options in the same segment. Since the settlement cycle for Derivative Segment is T+1, you cannot use the premium received to trade in other segments during the day. If allowed, this would result in margin shortfalls which would attract regulatory penalties.

NO. As per SEBI Regulations, settlement cycle for derivative segment (F&O) is T+1 day. This implies that if you make profits trading in derivative segment (F&O), it will be eligible on the T+1 day only. Hence, if you take an F&O position & make profits, we will not consider the profits made on T Day while reporting margins to the exchanges, since the profits are realized only on T+1. These profits will not be clear balance on that day, and thus won't be considered as available margin for trading in F&O.

For Buying Options you require 100% value of contract as margins. For Selling Options the margin required would be SPAN + Additional Margin + Premium received which is prescribed by the Regulator for both Intra-day and Carry forward trades. You can view the margins Live in our Mobile APP and Web based terminal while placing orders.

An options contract is a financial contract between a buyer and a seller that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified price (strike price) on or before a specified date (expiration date). The underlying asset can be a commodity, a bond, a stock, or an index. There are two types of options: call options, which give the buyer the right to buy the underlying asset, and put options, which give the buyer the right to sell the underlying asset. Options can be used for a variety of purposes, such as hedging against a potential loss in an underlying asset, speculating on the price of an underlying asset, or generating income. Read More

Options cannot be bought in single shares but in minimum lots. An option buyer has limited risk and potential for unlimited profits. The option seller has limited returns and unlimited risk. There are 4 key option risks and how they impact option buyers and option sellers. Read More

When the Greek emperor asked the famous mathematician, Euclid, if Geometry could be made simpler, his answer was, “Your honour, there is no royal route to geometry”. Similarly, there is no royal route to picking the right stock for options trading. It has to be a combination of analysis, back testing and iterations. However, there are some basic rules that you can follow to make the task more purposeful. Read More

You must not only track the performance of the option but also the various factors that could have a bearing on the option value. In addition, even if the option position is closed, you need to track how it impacted your overall trading performance. The question you need to answer is whether the particular position added to your trading profits overall or depleted your average returns. Let us look at 13 such factors (or shall we call it a baker’s dozen) that you must track regarding your options position. Read More