The required amount for placing an order depends on the margin benefit and is calculated as follows:

  1. Actual Required Amount:

    • This is the total cost of purchasing the stock (Quantity × Price).
    • Example: If you buy 1 share of TATAMOTORS at ₹630.05, the actual required amount is ₹630.05.

  2. Margin Benefit (If Applicable):

    • If stock has margin (e.g., 3X margin), you only need to pay a fraction of the total cost upfront.
    • Example: With a 3X margin benefit, your required amount is divided by 3.
    • So, ₹630.05 ÷ 3 = ₹210.05 (Required Now).

  3. Required Later:

    • The remaining amount will be debited from your account by the end of the trading day.

  4. Additional Charges:

    • Brokerage fees, taxes, and other regulatory charges are added to the required amount.