Product Codes in Order Form : When placing orders, you will come across three product codes: CNC, MIS, and MTF. Each represents a different way of trading.

1. CNC (Cash & Carry – Delivery Based)

• Used for delivery trades (not squared off the same day).
• Buy Orders: Must be backed by full margin (cash).
• Sell Orders: Must be backed by full holdings in your demat account.

Ideal for investors who want to hold stocks beyond the trading day.

2. MIS (Margin Intraday Square-Off – Intraday)

• Used for intraday trading only.
• Provides leverage (buy/sell more with less margin).
• All open positions are auto-squared off by 3:15 p.m. or as per Navia’s intraday policy.

Suitable for traders looking to benefit from same-day price movements.

3. MTF (Margin Trading Facility – Delivery with Funding)

• Used for delivery trades with funding support.
• Navia funds up to 66% of the trade value.
• You pay a small daily funding charge.

Perfect for investors who want to carry delivery positions with reduced upfront cash.

Summary:

• CNC = Delivery with full cash/holdings.
• MIS = Intraday with leverage, auto square-off.
• MTF = Delivery with funding (up to 66%).