How to Convert Intraday Positions to Delivery?
Watch this short video to learn how to convert your intraday positions to delivery on ICICI Direct
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Effect of Dividends, Bonus, Splits and others on your MTF positions
Did you know that corporate actions such as dividends, bonuses, splits, and rights issues can affect your MTF position? But before we have a look at that, let’s go back to the basics of the Margin Trading Facility (MTF).
MTF Basics
When you buy stocks using MTF, you pay only a part of the total transactional value, while the rest is funded by ICICIdirect. It’s important to note that the stocks purchased under MTF are held in your Demat account but remain under the pledge (PL) status since you have not fully paid for these positions.
Now that you understand the basics, let’s explore how corporate actions affect your MTF positions.
Effect of Corporate Actions on MTF Positions
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Dividends
You are eligible to receive the full amount of the dividend as long as you hold the stock on the record date. -
Bonus, Splits, Mergers, or De-mergers
For corporate actions such as bonuses, splits, mergers, or de-mergers, you must convert your MTF positions to delivery by paying the full amount before the record date. You will be informed about the last date until which you can hold your stock under MTF. After this date, your positions will automatically be squared off.
Rights Issues
You are eligible for rights issues provided you convert your positions from MTF to delivery before the record date.
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How to Pick Stocks for Intraday Trading
What is Intra-day trading?
Intraday trading, is the act of buying and selling the stocks within the same day. Traders buy and sell stocks during regular market hours and close their open positions before the market closes.
How to pick stocks for Intra-day trading? (5 Simple Strategies)
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Trade in liquid stocks
Liquid stocks are traded in large volumes and allow you to enter and exit positions as needed. -
Pick stocks with medium volatility
Pick stocks with a reasonable amount of movement within a day but use the stoploss feature to minimise potential losses. -
Buy stocks that you understand
Trade in stocks that you have followed, tracked and know about. Avoid trade in stocks that you have no knowledge of; or which are manipulated or move based on rumours. -
Avoid penny stocks
Avoid trading in stocks which are available at very low prices i.e. in single digit prices. -
Make focused investment based on research
Don’t trade in too many stocks. Do your research and focus only on a few stocks that you can track and review easily.
Pre-requisites for intra-day trading
Have a trading or demat account and a bank account.
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Difference between Intraday trading and Investing
Intraday Trading |
Investing |
Short-term: A day trader has a short-term view, lasting no longer than a single session |
Long-term: An investor typically has a longer-term view stretching several months or years. |
Buy and sell: A day trader does not take delivery of the shares- all his shares are squared off before the market closes. |
Buy and hold: An investor takes delivery of his shares and sells them at the appropriate time, as per is requirement. |
Selling short: A day trader can go short; sell shares he does not own. |
Going long: Investors typically don’t short the market. They are in it for the long haul. |
Quick takes: A day trader looks to take advantage of small price movements. |
No short-cuts: An investor seek shares that will have large upside price movements over time. |
Volatility: A day trader seeks to benefit from short-term volatility. |
Stability: An investor is not influenced by sudden price swings. |
Technical: A day trader mostly uses technical analysis. |
Fundamental: An investor relies on fundamental analysis. |

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