The MPP percentage is not the same for every order. It is determined based on:
- Exchange
- Trading segment
- Instrument type
- Option premium or price band, where applicable
The applicable MPP percentage is used to calculate the protected price and the additional provisional margin.
Indicative protection levels are:
Segment or instrument | Applicable MPP |
Cash stocks on NSE and BSE | 0.5% |
Stock futures | 1% |
Index futures | 0.5% |
Index options below ₹10 | 20% |
Index options from ₹10 to ₹20 | 10% |
Index options from ₹20 to ₹50 | 5% |
Index options above ₹50 | 2.5% |
Stock options below ₹10 | 40% |
Stock options from ₹10 to ₹20 | 20% |
Stock options from ₹20 to ₹50 | 10% |
Stock options above ₹50 | 5% |
Commodity futures | 1% |
Commodity options below ₹10 | 20% |
Commodity options from ₹10 to ₹20 | 10% |
Commodity options from ₹20 to ₹50 | 5% |
Commodity options above ₹50 | 2.5% |
For example, if an index option is trading at ₹9, the applicable MPP may be up to 20%. If a stock is trading at ₹2,400, the applicable MPP may be 0.5%.
The percentage displayed in the MPP details is the percentage applicable to that specific order.