Delivery shares under Positions on the same day on Kite
When you buy a CNC (delivery) equity position on Kite , the position can briefly appear on the Positions tab for the rest of the trading day. By the next morning, it moves to the Holdings tab (or appears in Holdings flagged as T1). This is the standard T+1 settlement lifecycle.
The lifecycle of a CNC equity buy
| Time | Where it shows |
|---|---|
| Trade-day (T) intraday | Positions tab (Day view), with CNC product type |
| Trade-day (T) end of day | Either Positions or Holdings (T1 flagged), depending on Kite build |
| Trade-day +1 (T+1) morning | Holdings tab, with T1 flag |
| T+1 evening | Holdings tab, T1 flag removed; settled and saleable |
Why it appears on Positions first
The Positions tab tracks all open trades for the day. A CNC buy is a trade that has just executed; on the buy day, it is no different from an intraday position in terms of “still in transit”. The system flags it as CNC (not MIS), but it sits in the Positions list until end-of-day.
This is the source of the question “I bought CNC but it’s under Positions, is it intraday?”. It is not intraday; it is CNC, but the back-office hasn’t yet moved it.
How to confirm it is CNC and not MIS
| Field on the Positions row | What to check |
|---|---|
| Product column | Must say CNC (not MIS) |
| Auto-square-off | Does not apply to CNC (no end-of-day forced sell) |
| Order tag in trade book | Shows CNC at the time of order placement |
If the product is CNC, the position will not be auto-squared at 15:20 IST; it stays open and moves to Holdings overnight.
Same-day exit (BTST)
If you sell a CNC buy on the same trade day, you have executed a BTST (Buy Today, Sell Today) trade. The buy never reaches Holdings; it stays on Positions and closes there. Realised P&L from BTST appears on Positions Day view.
For more on BTST: Sold holdings bought back same day (and the related kind, STBT).
Convert from MIS to CNC
If you opened a position as MIS and want to deliver it:
- On the Positions row, click Convert > to CNC.
- The system verifies sufficient funds for full delivery value (vs. only margin for MIS).
- On conversion, the position moves to the CNC lifecycle described above.
For the procedure: How to convert MIS to CNC on Kite .
Quantities
The Positions row shows the bought quantity. If you only partly converted from MIS, the row may show partial quantity. The Holdings tab next day shows the full delivered quantity.
Why this matters
- Avoid double-counting. The same purchase should not be counted in both Positions and Holdings; on T-day, it is on Positions. On T+1, on Holdings (with T1 flag for the morning).
- Don’t square off CNC manually thinking it’s MIS. Selling a CNC buy the same day creates a BTST trade, which has STT and tax implications.
- Funds availability. For CNC, the full delivery value is reserved from your funds on T-day. For MIS, only the margin is reserved.
Display variations across builds
Older Kite builds showed CNC same-day buys in Positions all day. Newer builds may move them to Holdings (with T1 flag) immediately after execution. The actual underlying record is the same; only the display location differs.
See also
- Kite Holdings tab explained
- Kite Positions tab explained
- T1 above shares on holdings
- Sold stocks shown as negative positions
- Sold holdings bought back same day
- Credit from T1 holdings unavailable same day
- How to convert MIS to CNC on Kite
- Day’s P&L on holdings calculation
- Realised vs unrealised profit calculation
- Holdings value differs Console vs Kite
- P&L change after 3:30 PM
- Intraday P&L on Kite web
- F&O LTP change on positions before market opens
- Margin available / used / cash on Kite funds
- P symbol on holdings page
- Briefcase symbol on Kite
- BTST trading
- STBT trading
- CNC product type
- MIS product type
- NRML product type
- STT and STCG tax (India)
- T+1 settlement in Indian equity
- Kite (Zerodha)
- Kite web
- Kite mobile app
- Zerodha
- Zerodha Console
External references
- Zerodha Kite Support, Positions and Holdings
- SEBI, T+1 settlement framework
- NSE India, settlement schedule
References
- SEBI, T+1 settlement cycle introduction, circular dated 7 September 2021.
- NSE India, Equity settlement schedule, nseindia.com.
- Zerodha Support, CNC and MIS positions, settlement lifecycle, support.zerodha.com.