To convert an MIS order to CNC in Angel One, you need to go to your active MIS positions and choose the option to convert them into CNC. This lets you hold the stocks overnight instead of getting them squared off on the same day. Make sure you have enough funds in your account to cover the full price of the stocks when converting to CNC.

What is MIS and CNC Order in Angel One?

MIS (Margin Intraday Square-off) is used for intraday trading where positions are squared off the same day. CNC (Cash and Carry) means buying stocks with full payment and holding them for the long term. Converting MIS to CNC allows you to keep stocks overnight without forced square-off.

How to Convert MIS to CNC in Angel One?

Follow these simple steps to convert your MIS order to CNC in Angel One:

• Log in to your Angel One trading account.
• Go to the 'Positions' or 'Holdings' section.
• Find the MIS order or intraday position you want to convert.
• Click on the options menu next to the stock.
• Select 'Convert to CNC' or 'Convert Position'.
• Confirm the conversion after ensuring you have enough funds.

Why Convert MIS to CNC?

MIS orders are only for intraday trading and must be squared off by the end of the day. By converting MIS to CNC, you can hold the shares for a longer time. This is helpful if you want to invest for days, months, or years. CNC does not offer leverage, so you pay the full amount but get to keep your stocks safely.

What Happens If You Don’t Convert MIS to CNC?

If you don’t convert your MIS order to CNC before market close, Angel One will automatically square off the position. This means your stocks will be sold, which can cause unexpected losses or missed opportunities if you wanted to hold them longer.

Is There Any Charge for Conversion?

Angel One does not charge any extra fee for converting MIS to CNC. However, keep in mind that CNC orders need full payment upfront. You will also be liable to pay delivery brokerage and applicable taxes as per your transactions.

Need Help with MIS to CNC Conversion?

If you face any difficulty while converting MIS to CNC or have questions, Angel One support is ready to help. You can call them at 7748000080 or 7771000860. They will guide you through the process step-by-step.