Posted by PeakPainTrader (4 hours ago)
SEBI's peak margin rule (from 2020, tweaked Aug 2022) now BOD-based, but with Nov volatility add-on, margins jumped. Tested today: Nifty straddle – Zerodha ₹1.92L per lot, Dhan ₹1.71L. Proof from their calculators (screenshots). SEBI's goal: fixed daily margin, no intraday chase. But in rallies like today, BOD locks you high. Who's seeing biggest hikes?
Reply by BODCalculator (2 hours ago):
Angel One at ₹1.98L – worst. Kotak Neo still ₹1.68L best for indices. SEBI circular SEBI/HO/MRD2/OW/P/2020/181 says BOD prevents over-leverage.