Can the profits from F&O be used on the same day?
The Kite balance will not reflect intraday profits until the exchange settles them i.e. on T+1 day. Nonetheless, the closing balance on the funds statement will show the funds from intraday profits. If the T+1 day is a settlement holiday, intraday F&O profits will be accessible on the subsequent trade settlement day. To learn more about the settlement cycle, see What does settlement cycle mean?