What is MIS and CNC product types in HDFC Sky?

HDFC Sky has two types of products; MIS and CNC that are available with almost every broker.

MIS (Margin Intraday Square off) that is used by a trader to place an intraday order. All MIS intraday positions have to be closed the same trading day before the market closure. If not closed, HDFC Sky team will auto square off all MIS trades at applicable charges of Rs 20 or o.1% whichever is lower.

CNC (Cash N carry) is a delivery order that is used to invest in equity shares. Securities or shares purchased through CNC orders are credited to Demat account within T+1 day. HDFC sky users can check it in the holdings tab on the HDFC Sky app and website.