What is Quick Start?
Quick start is a functionality which will help you trade popular Options strategies with minimal clicks. Option strategies are populated in pre-defined template for quick trading.
Are Basket Orders on web or mobile app in sync?
Yes, any change done on web or app will be in sync. i.e Basket created on web can be accessed on mobile app as well and vice versa.
How many Baskets can be created?
A maximum of 20 baskets can be created.
Can I trade via excel in F&O?
Yes, you can upload csv and trade upto 50 orders with upload csv feature in Basket order
Do I need to place all the orders saved in the Basket?
You can select the orders out of the saved orders in the basket which you wish to place. This can be done using the checkbox available against each saved order.
What is Basket Order?
Basket Order is a facility provided by ICICIdirect for placing upto 50 orders in a single click.
How to access Basket Orders facility for F&O?
This facility can be accessed by accessing below path F&O > Smart Tools > Basket Order
Are there any charges for Basket trading?
There are no additional charges for Basket Orders.
What are the benefits of Basket Orders?
- Trade Multileg strategy (up to 50 contracts).
- Create 20 baskets for executing anytime in a click.
- Know Margin required for multi leg strategies (including hedge benefit).
- You can also use upload functionality to upload up to 50 orders
- Save basket and access them later seamlessly between Web and App
What Order types are available with basket orders?
Limit order and Market order; If you place order using market order it will get executed immediately whereas for limit order it will remain pending till it gets executed.
Can I delete an earlier created Basket(s)?
Yes, you can delete your saved Basket(s), by clicking the delete icon given on 'Baskets' page.
Can Basket order be modified?
Yes, you can modify an earlier created Basket by clicking on the basket name displayed on the ‘Baskets’ page.
How many orders can be added in one basket?
A maximum of 50 orders can be added to a particular basket.
What is Required Margin and Final Margin displayed on Basket Order Page?
Required Margin: Required margin will display the margin which will be required to place all/selected orders in the Basket on clicking the View Margin link. This margin will not include any spread or hedge benefit. Example: Margin Trade: Buy 25 Qty Buy of FUT-CNXBAN-29-Jul-2021 @ 38000 Sell: 25 Qty Sell of FUT-CNXBAN-26-Aug-2021 @ 38050 Required Margin will display the order level margin required for placing these orders. Hence, the required margin will be calculated as below: Total SPAN Margin required is 302870 and Initial Exposure Margin % is 2% Initial Exposure Margin = ((25*38000) (25*38050)) * 2% = 38025. So the required margin displayed for the above basket orders will be = 302870 38025 = 340895 Final Margin is the position level margin including spread benefit or hedge benefit that will be eventually blocked after all orders are executed. In case you want to check the Margin requirements including spread or hedge benefit considering all your existing positions then you can tick the 'Include Existing Positions' checkbox. Example 2: Benefit display of open position in basket order Trade: Buy 25 Qty Sell of FUT-CNXBAN-26-Aug-2021 @ 38000 Existing Position: Buy position of 25 Qty in FUT-CNXBAN-29-Jul-2021 @ 38050 When 'Include existing positions' feature is enabled, Final margin displayed on execution of your orders in basket will include the spread benefit created on execution of your basket order of 25 Qty of Sell FUT-CNXBAN-26-Aug-2021. Final margin will be calculated as follows: Total SPAN Margin required is 167780 and Initial Exposure Margin % is 2% Initial Exposure Margin = ((25*38000) (25*38050)) * 2% = 38025. So the final margin displayed for the above basket orders will be = 167780 38025 = 205805 Please note, Option Buy Premium will be included in the Required margin and Final margin value. Also, adding long option positions might have margin benefits on futures and short option positions which be reflected in Final Margin value.
What is ‘View Margin’ link on basket order web page?
You can click on ‘View Margin’ link available on the Basket order page in order to view the ‘Total Required Margin’ and ‘Final Margin’ and can also be used in order to view the updated values for required & final margins post modification or deletion of orders in the basket.
Can I modify the orders previously saved in the basket?
Yes, you can modify the orders previously saved in the Basket using the edit icon under Action column available on basket order page.
Can I delete the orders previously saved in the basket?
Yes, you can delete the orders previously saved in the Basket using the delete icon under 'Action' column available on basket order page.
Which stocks are eligible for Basket Orders?
All the stocks enabled for trading in F&O segment are enabled for Basket Orders.
Where can I view my saved Baskets?
The saved Baskets can be viewed under the Basket Order tab link in the F&O segment.
How to access Quick Start?
You can trade frequently used readymade F&O strategies, Go to F&O>Smart Tools>Basket Order>Quick Start
Is Basket Order available on Mobile Application?
Yes, Basket order facility is available on ICICIdirect Mobile app & ICICIdirect Markets App. Go to tools > Basket order