Zerodha provides up to 5 times (20% margin) leverage for intraday trading using Margin Intraday Square off (MIS) and Cover Order (CO) for equity. This means with ₹1 lakh, you can buy or sell stocks for intraday up to ₹5 lakhs.
The list of eligible stocks and the leverage provided change based on Zerodha's policy. Due to peak margin rules by SEBI, no leverage is offered for equity F&O, currency, and commodities segments.
Peak margin regulations
Peak margin regulation was introduced in 2020 to ensure that brokers don't take large risks by providing higher margins or leverage to customers. Today, all brokerage firms in India can offer the same maximum intraday leverage.
For more information about peak margin circulars, visit tradingqna.com/t/peak-margin-requirements-from-dec-1st-2020-its-effects.
Finding eligible stocks and current leverage
Zerodha's margin calculator lists stocks allowed to trade with leverage. The bulletin updates the list of available leverages and any changes in Zerodha's policy.