CNC on WebNotes

How to convert a CNC position to MTF on Zerodha

Tue, 12 May 2026 00:00:00 +0000

On Zerodha, an existing CNC (delivery) holding can be converted to an MTF position through a conversion feature in the Kite Holdings view. The conversion is effectively a broker-funded buyback of the delivery position: Zerodha credits the funded amount (up to 75% of the current market value) to your trading account, while the shares move into an MTF-pledged state. This releases liquidity from an existing holding without requiring a sale, allowing the investor to use the freed cash for other purposes while retaining exposure to the stock.

How to place your first equity buy order on Kite

Tue, 12 May 2026 00:00:00 +0000

This guide is written for investors who are opening a trading terminal for the first time and want to purchase shares of a listed company on the National Stock Exchange or Bombay Stock Exchange through Zerodha Kite. The procedure applies to both Kite web and the Kite mobile app, with minor interface differences noted throughout.

Understanding the order ticket before you start

Every buy order on Kite is entered through a single order ticket. Before placing an order you must understand three key fields.

CNC product code on Zerodha

Mon, 11 May 2026 00:00:00 +0000

CNC (Cash and Carry) is a product code on Kite, Zerodha’s trading platform, that designates an equity trade as a delivery transaction. When a trader selects CNC for a buy order, Zerodha blocks the full transaction value from the available cash balance (no leverage), and upon execution, the shares are credited to the trader’s demat account on T+1 settlement. When CNC is selected for a sell order, shares are deducted from the demat account and the proceeds are credited after settlement.

Equity delivery brokerage at Zerodha (zero fee)

Mon, 11 May 2026 00:00:00 +0000

Overview

Zerodha charges zero brokerage on equity delivery trades – orders placed under the CNC (Cash and Carry) product type on its Kite trading platform. This means the broker retains no brokerage fee from the client on the buy or sell leg of a delivery trade. The policy is unconditional: it applies to all listed equity shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with no minimum transaction value, no monthly trade-count threshold, and no account-tier qualification required.

Equity segment on Zerodha

Mon, 11 May 2026 00:00:00 +0000

The equity segment on Zerodha is the platform’s largest business line by client headcount and turnover. It covers the buying and selling of equity shares listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the cash market (CM) segment. All trades in this segment are governed by the Securities and Exchange Board of India (SEBI) and cleared through NSE Clearing Limited (NCL) and Indian Clearing Corporation Limited (ICCL) for BSE. Settlement since January 2023 occurs on a T+1 basis for most listed equities, meaning shares and funds move between counterparties on the trading day plus one calendar day.