To convert MIS (Margin Intraday Square-off) orders to CNC (Cash and Carry) orders on Angel One, you need to place a fresh CNC order as MIS and CNC are different order types. You cannot directly convert MIS to CNC, but you can close your MIS position and then buy the same stock as CNC to hold it for delivery.

What Is MIS and CNC in Angel One?

MIS orders are for intraday trading and are squared off automatically by the end of the trading day. CNC orders are for delivery-based trading where you hold stocks for a longer period.

Why Can’t You Directly Convert MIS to CNC?

MIS and CNC are two separate order types with different purposes and rules. MIS is meant for intraday trades and uses leverage, while CNC is for delivery trades with full payment. Hence, Angel One does not allow direct conversion between these two.

How to Close MIS Orders Before Converting to CNC?

You must first close your open MIS positions by selling the stocks within the same trading day. This ensures no pending intraday positions remain before you buy the stocks again with CNC for delivery.

Steps to Buy Stocks Using CNC After Closing MIS

After closing your MIS trades, place a new order selecting CNC as the product type. This way, your stocks will be held in your demat account for delivery and can be held as long as you want.

What Are the Benefits of Using CNC Orders?

CNC orders allow you to buy and hold stocks for long term without worrying about automatic square-offs. You also avoid intraday margins and penalties, making it suitable for investment goals.

Can You Use Angel One App to Convert MIS to CNC?

The Angel One app allows you to place both MIS and CNC orders, but you must manually close MIS positions and then place CNC orders. There is no one-click conversion feature available.

Tips to Avoid Confusion Between MIS and CNC

Always double-check the product type before placing an order. Use MIS only for intraday trades and CNC for delivery. Keeping this clear helps avoid unwanted automatic square-offs or margin calls.