Place Orders - Buy / Sell   • The products offered by AxisDirect under Equity are:-   Cash – Transact for delivery which is also known as ‘Cash & Carry’. E-Margin - Buy on margin and square off today, tomorrow or day after. Intraday - Buy and Sell on same day with low margin. Cover - Benefit from lower margin based on your choice on trades. Take a position at market price and simultaneously take a counter position on the same stock specifying the trigger price and the limit price. The margin blocked will be set based on your orders thus giving you control on your leverage. Collateral sell - Sell shares which have been marked as collateral with AxisDirect Equity SIP - Equity SIP is a facility offered by Axis Direct with which you can invest systematically and in a disciplined manner for collection of one or more stocks or Exchange Traded Funds (ETFs) and has a common trigger date and frequency in a single SIP. Encash - Get immediate/emergency cash from your delivery sell.     • The products offered by AxisDirect under F&O are:-   Futures - Derivative contact on an underlying where both the buyer and seller are obligated to close their position at or before the expiry of the contract irrespective of it being at a profit or loss. Intraday Futures - Same day square off of Futures contract. Options - Derivatives contract, where the Buyer has a right to buy/sell the underlying, while the Seller has an obligation to buy/sell. Cover - Benefit from lower margin based on your choice on trades. Take a position at market price and simultaneously take a counter position on the same underlying specifying the trigger price and the limit price. The margin blocked will be set based on your orders thus giving you control on your leverage.     • Disclosed Quantity -   You can place a buy/sell order with Disclosed quantity (DQ). DQ is a feature which allows only a fraction of the order to be viewed by the market. e.g- If you want to buy /sell 10,000 shares of Axis Bank, you can place an order by defining DQ as 1000 shares. 1,000 shares of Axis Bank will be available for buying/selling in the market, once executed, the next lot of 1000 shares of Axis Bank will be displayed. This will continue till the full quantity is exhausted. This helps when the quantity to be bought /sold per scrip is very high. Huge quantity may disrupt the balance of demand and supply and the price may increase/decrease towards/against your favour. In order to avoid such erratic changes in the price, it is advisable to place an order with DQ. Disclosed quantity cannot be less than 10% of the order quantity.     • Order Type -   The two types of orders are Limit and Market Orders. Limit Order - You can specify the maximum price per unit in case of a Buy order and the minimum price per unit in case of a Sell order. Market Orders - Market Orders on the other hand get traded differently on NSE and BSE. Market Orders in NSE- This is an order to buy or sell securities at the best price present in the market at the time it is matched by the exchange. In NSE, all unexecuted market orders become limit orders at the last traded price. In case of partial execution, the unexecuted part of the order becomes a limit order at the last traded price. Market Orders in BSE - In BSE , all buy market orders go to the Exchange with the price of the best offer and all sell market orders go to the exchange with the price of the best bid offer. In case at that point of time it is found that a particular bid or offer is no longer present in the exchange this market order gets cancelled automatically by the exchange. In case of part execution of market order, the remainder order gets converted into a limit order at the last executed price. Consider the example where the bid and offer Price for a given stock is 79 and 81 respectively. In case you place a market buy order the order will go to the exchange as a market order of Rs.81 and will be executed at Rs.81 or at a better rate. However, in case it is found that the offer of Rs.81 is no longer present in the exchange this order will be automatically cancelled by the exchange. In case of part execution of this order at Rs.81 the remainder of the order will be converted to a limit order at Rs.81. In case you place a market sell order the order will go to the exchange as a market order of Rs. 79 and will be executed at Rs. 79 or at a better rate. However, in case it is found that the bid of Rs. 79 is no longer present in the exchange this order will be automatically cancelled by the exchange. In case of part execution of this order at Rs. 79 the remainder of the order will be converted to a limit order at Rs. 79.     • Trigger Price:-   A trigger price is the threshold price that needs to be defined with a stop loss order. Once the market price reaches or crosses the trigger price, the order will be released to the exchange for execution. It should be higher than the Last Traded Price (LTP) for a buy order and lower than the LTP for a sell order.       Validity:-   Validity determines how long the order remains in the order book. The validity can be Day or IOC (Immediate or cancel). Immediate or cancel is a security order type instructing that the quantity of the buy or sell order is to be executed immediately. Once entered, this type of order must be executed immediately. The order can (but does not have to) be executed in full. If it cannot be executed immediately or fully, the pending part gets canceled (a partial execution is generated) by the market. e.g- Mr. A placed a buy order for 100 shares of Axis Bank with order type as IOC. When the order went to the exchange, order for buying only 89 shares got executed. In this case, the pending part (100-89=11 shares) will get cancelled. A Day order is an order, which is valid for the day on which it is entered. If the order is not executed during the day, the system cancels the order automatically at the end of the day.       Market Protection:-   It is an option available only for orders placed on BSE. While placing a market order in BSE, you can define the protection %. Protection % ensures that the actual traded price of the order do not deviate more than the defined % from the Last Traded Price when the order hits the market i.e.If you place a Buy order at Market price for 100 shares of Axis Bank with a protection of 20% and the last traded price (LTP) is 1000 at the time order hits the market, then the order will be placed as a limit order of Rs.1200 (1000 + 20 % of 1000) and will get executed at that limit price or better.       What is Stop Loss Market order?   Stop loss market orders are stop loss orders that use stop market orders as their underlying order type. Stop market orders are placed with a specific trigger price, and if the market price/LTP reaches the above mentioned specific trigger price, the order will be sent to exchange and will be executed as a market order. Example A :- Stop Loss Market Order ( Buy)   Scrip LTP Trigger Price Order Type Maruti Suzuki 1500 1520 Market       In the above example (A) when the LTP of Maruti Suzuki reaches to Rs 1520 , the Buy order will be triggered as a market order in the market & the same will get executed at the best available rate in the market. Example B :- Stop Loss Market Order ( Sell)   Scrip LTP Trigger Price Order Type Maruti Suzuki 1500 1500 1450 Market   In the above example (B) when the LTP of Maruti Suzuki reaches to Rs 1450 , the Sell order will be triggered as a market order in the market & the same will get executed at the best available rate in the market.     • What is Stop Loss Limit order?   Stop loss orders are released to market when the last traded price for that security in the normal market reaches or surpasses the trigger price.The stop loss orders can be either a market order or a limit order.The risk associated with stop loss orders is that they don't guarantee execution price. Example A:- Stop Loss Limit Order ( Buy)   Scrip LTP Trigger Price Order Type Maruti Suzuki 1500 1500 1520 1525   In the above example when the LTP of Maruti Suzuki reaches to Rs 1520 , the Stop Loss Buy order will be triggered and the stop loss order will get shifted from stop loss order book to normal order book of the exchange and will sit in the limit order book of the exchange at Rs 1525. Shifting of such Stop Loss Buy limit order from Stop Loss order book to Normal order book, will result in execution of buy trade for scrip Maruti Suzuki at the least possible price, to the extent available but not more than Rs 1525. Example B:- Stop Loss Limit Order ( Sell)   Scrip LTP Trigger Price Order Type Maruti Suzuki 1500 1500 1490 1480   In the above example when the LTP of Maruti Suzuki reaches to Rs 1490 , the Stop Loss Sell order will be triggered and the stop loss order will get shifted from stop loss order book to normal order book of the exchange and will sit in the limit order book of the exchange at Rs 1480. Shifting of such Stop Loss Buy limit order from Stop Loss order book to Normal order book, will result in execution of sell trade for scrip Maruti Suzuki at the best possible price, to the extent available but not less than Rs 1480.   RI – Limit   • Max Total Limit -   Maximum Total Limit will provide consolidated view of your Trading Limits. Maximum Total Limit is the sum of the various source of Trading limit such as Bank Hold, Ledger Balance , Equity Receivable, Derivative Receivable , Collateral Limit , Adhoc Limit. Source of Limit - Bank Hold, Equity Receivable, Derivatives Receivable, Collateral limit and Ledger Balance are the part of 'Source of limit' Bank Hold - Bank Hold is the sum of funds marked as hold from your bank account for trading in Equity, Derivatives and Mutual Fund Equity Receivable - Equity Receivable includes Cash Sales Proceeds +/- booked profit/(loss) made from equity. Derivative Receivable - Derivative Receivable includes profit/(loss) made from trading in derivatives segment. Collateral Limit - You can hold the stocks in your demat account as collateral to increase your trading limit. The collateral amount as per the applicable collateral valuation % will be added to your limits. You can place your shares as collateral from the following path: Limits-> Demat Balance-> Hold Type-> Collateral. Ledger Balance - Equity Receivable of T day will be displayed as ledger balance on T+2 day. Derivative Receivables of T day will be displayed as ledger balance on T+1 day. Adhoc Limit - Adhoc Limit is the limits if any, given by AxisDirect for trading in Equity and Derivatives     • Total Utilization -   Total Utilization displays the limits utilized by trading in various products offered by AxisDirect. It is Sum of limit utilized by trading in Equity Cash, Equity Margin, Derivative and Mutual Fund segment Utilization of Limit - Equity Cash, Equity Margin, Derivative Margin and Mutual Fund are the various components of Utilization of limit. Equity Cash - Equity Cash represents the limit utlized by trading in Cash product. Equity Margin - Equity Margin represents the limits utilized by trading in Intraday, E-Margin and/or Cover product(s). Derivative Margin - Derivative Margin represents the Limits utilized by taking Futures and Options position. Total Margin - Total Margin is the sum of Equity Margin and Derivative Margin utilization Mutual Funds - Mutual Fund represents the limits utilized by trading in Mutual Exchange and Distribution segment.     • Max Available Limit -   Is the difference between Maximum Total Limit & Maximum Utilization. Maximum Available = Maximum Total Limit - Maximum Utilization Available Limit - Available limit displays product-wise trading limit (Buying power) such as Equity Products Cash Intraday and/or Cover E-Margin Derivative Products Option Buy Futures and Option sell *MTM loss will be deducted from product-wise available limit.     • Fund Hold & Release -   Net Hold - It is the sum of amount held with the bank for trading in Equity, Derivatives and Mutual fund Maximum Releasable - It is the sum of unutilized cash held with bank. You can release funds only to the extent of amount displayed in the Maximum releasable Amount tab.   Stock Limit   • Demat Qty available for release:   Unutilized portion of the total quantity held as type CASH from the Demat balance.     • Total Collateral qty   Quantity held as type 'Collateral' from the Demat balance.     • Collateral amount   It is the market value of a collateral stock that can be used as trading limit. E.g- If you mark 10 shares of Reliance as collateral and the LTP and collateral valuation % of Reliance are Rs. 1000 and 35 % respectively, then 10*1000*.35 = Rs. 3500 will be your collateral amount.     • Withheld qty   Quantity held with us for the payments not made by you       Collateral Valuation   • Collateral%:   It is the % of the market value of a collateral stock that can be used as trading limit. E.g- If you mark 10 shares of Reliance as collateral and the LTP and collateral valuation % of Reliance are Rs. 1000 and 35 % respectively, then 10*1000*.35 = Rs. 3500 will be your collateral limit. Today's Collateral Hold Quantity- Collateral Quantity, which has been marked as 'Hold' for a day by you. You can enhance your limits by holding more stocks as collateral. To do so, go to Account Details->Demat Balance. You can release the same as per 'Collateral Quantity Available for Release' (column F). Previously held Collateral Quantity- Collateral Quantity, which is held with us for previous days . You can place the withdrawal request as per 'Collateral Quantity Available for Withdrawal' (column K). Collateral Quantity Available for Release - Unutilized Collateral Quantity, which is available for release (unblocked from DP) or withdrawal request. Releasing collateral decreases your trading limit. Collateral Amount Available for Release - Valuation of Collateral Quantities available for release (unblocked from DP). Releasing collateral decreases your trading limit. Collateral Quantity available for release for day - Unutilized Collateral Quantity, which has been marked as 'Hold' for a day can be released by you. Releasing collateral decreases your trading limit. Collateral Quantity available for withdrawal - Unutilized Collateral Quantity can be withdrawn on your request, which is held with us .Withdrawing collateral decreases your trading limit.   NLV     Net Liquidation Value (NLV): It is a measure of your portfolio risk and displays the current net worth of your portfolio if it were to be liquidated. It also indicates the notional (unrealized) profit/loss position of your portfolio. Total Asset Value (TAV) - TAV = 'TAV = Max Total Limit + Current value of your stock limit - Equity Cash Utilization Where, Current value of your stock limit = Sum of Value of each stock present in your stock limit. NLV can be calculated as - NLV = TAV +/- Notional Profit (loss) on your Equity Margin positions +/- Notional Profit (loss) on your Option positions +/- Notional Profit (loss) on your Future positions Where, Future Notional Profit (loss) = Net quantity * (Last Traded Price - Average Transaction Price) Option Notional Profit (loss) = Net quantity * (Current Option Premium - Average Transaction Price) Equity Margin Positions Profit (loss) = Net quantity * (Last Traded Price - Average Transaction Price) NLV% - Net Liquidation Value (NLV) % = (NLV / TAV) * 100 If your NLV % is above 100, then it implies that your portfolio is having a notional profit and if it is less than 100 then it implies a notional loss on your portfolio. Threshold Net Liquidation Value % - It is the minimum acceptable value of the Net Liquidation Value% in your account. If the NLV % falls below this value then your account may get deactivated for taking further positions, however you will be allowed to square off your existing open positions. If the NLV % falls below this value then AxisDirect shall have the right but not the obligation to square off all or some of the open positions so that the NLV % is restored to 100% or above. Shortfall - It is calculated only when the NLV% is less than the Threshold NLV% and is the amount needed to bring the NLV% above the threshold value. It is calculated as, Shortfall = (Threshold NLV % * TAV - NLV * 100) / (100 - Threshold NLV %)   Open Position     Average Traded Price- It is the average price of the open position. In case the Net Quantity (Buy Qty - Sell Qty) is +ve ATP = (Buy Order Value - Sell Order Value) / Net Quantity In case the Net Quantity (Buy Qty - Sell Qty) is -ve ATP = (Sell Order Value - Buy Order Value) / Net Quantity Unrealized Profit & Loss - It is the Profit/Loss of the open position. In case the Net Quantity is +ve, Unrealised Profit/Loss = (Last Trade Price - Average Traded Price) * Net Quantity In case the Net Quantity is -ve, Unrealised Profit/Loss = (Average Traded Price - Last Trade Price) * Net Quantity Convert To Delivery - You have the option to convert an Equity Margin trade (Intraday, E-Margin) to Delivery before the cut off time.   Cash Projection -     Settlement Type: It is rolling settlement i.e. trades executed during the day are settled based on the net obligations for the day. At NSE and BSE, trades are settled on a T+2 basis i.e. on the 2nd working day. All intervening holidays, which include bank holidays, NSE/BSE holidays, Saturdays and Sundays are excluded for arriving at the settlement day.   Mutual Funds     Place Orders Distribution - Mutual Funds Distribution refers to a channel wherein the orders would be routed directly to a Registrar and Transfer Agent (RTA). RTA processes these orders and physical units are allotted to the customer. These units can be identified by way of a folio number which is a unique number identifying customer’s investment with an AMC. In MFD, you can execute the following transactions: Purchase - You can place a purchase order only in 'Amount' Redemption - You can place a redemption order in 'Amount' and in 'Units' SIP - A Systematic Investment Plan (SIP) is a vehicle offered by mutual funds to help you save regularly. It allows you to invest in a MF by making periodic investments (fortnigthly, monthly or quarterly) instead of a one-time investment. SWP - SWP helps to plan your payments as the withdrawal is in line with your commitments. The amount is made available to you, when you need it. NFO - When an AMC brings out a new fund for public subscription it is called a New Fund Offer. The scheme is open for subscription for a specific period, at a cost of Rs.10 per unit. Investors will subscribe for the NFO during this period and after the NFO is over the Fund will be available for subscription based on whether it is open ended or close ended. Exchange - Mutual Fund Exchange refers to an exclusive channel for mutual fund transactions through BSE StAR MF system. BSE StAR MF is an online system provided by Bombay Stock Exchange (BSE) through which investors can invest in Mutual Funds. Orders placed by AxisDirect customers would be routed through BSE StAR MF platform to BSE's clearing corporation (Indian clearing Corporation Limited-ICCL). ICCL in turn would be responsible for sending these orders to the RTA and post successful processing of these orders the units would be allotted in the customer's Demat account. In MFE you can execute - Purchase, Redemption, NFO, FMP orders. L0 Settlement Type - L0 is the settlement process of a liquid scheme defined under MFE. AxisDirect cut off for order placement in L0 schemes is 12.30 pm. The units in L0 schemes will have the NAV of T-1 day i.e. previous day NAV. Units will get allotted on T day for L0 schemes. This Settlement type is applicable for Purchase Transactions only. There is no impact on Redemption through MFE. L1 Settlement Type - Schemes in L1 Settlement Type shall be available for subscription transactions of Rs.200000 and above. The minimum purchase amount for these schemes shall be Re 2 lakhs. AxisDirect Cut off time for order placement in L1 schemes will be 12.30 pm. The units will get allotted as per T day NAV i.e. same day NAV. Units will get allotted on T +1 day. Folio consolidation - Folio consolidation is feature in which you can merge two or more folios into a single folio. Consolidated folios would give you the benefit to track and transact in one folio and also allows you a single view of your investments in the fund. Further, all investments in a fund would reflect in a single statement. Transfer-in - Transfer-in is a process where you can transfer your existing Mutual Fund unit holdings, held with some other broker/distributor, to the AxisDirect Online Trading Account, subject to the schemes being offered by AxisDirect.

Mutual Funds Order Book - Order Book displays the successful orders placed during the day. The orders can be modified or cancelled from the order book.       Mutual Funds SIP Order Book - Start date - Start date is the date on which the first SIP order will be placed. End Date- End date is the end date of the SIP request Next Date- Next Date is the date the next SIP orders is due to be placed. Frequency- Frequency means the time interval you wish to place your SIP orders after the start date. The first order will be placed on the start date and thereafter subsequent orders will be placed as per the defined frequency for the specified period. Period- Tenure for which SIP request are placed by the customer.       Mutual Funds Dividend Book - Gross Dividend is the dividend declared by the AMC and is inclusive of Dividend Distribution Tax (DDT). Investors will receive Net dividend after deducting DDT from gross dividend.   Mutual Funds Cash Flow – Cash Flow displays the inflow and outflow of funds expected due to redemption and purchase of mutual funds respectively       Mutual Funds Unit Holding - Unit holdings display the total units in a scheme under a particular folio. For e.g. If the total holding in a scheme is 100 units, the same is displayed In Units column. Locked Units - This locked unit’s column is applicable to schemes which have a lock-in feature for e.g. ELSS schemes. If the unit holding in a scheme shows 5 units in the locked unit’s column, then redemption in that scheme would not be applicable to the extent of 5 units. Total Free Units - The holding in a scheme after excluding the locked units is displayed in Total free unit’s column. For e.g. If Units are 15 units and locked units are 5 units, then free units would display as 10 units Dividend Reinvestment- To change the dividend option from dividend reinvestment to dividend payout, select the scheme and change the option in dividend reinvestment column from YES to NO and vice-versa. Customer will also have to give physical request for Change in Dividend Option for every Scheme that he wish to update. Request letter should be send at the following address: ‘’Axis Securities Limited., 2nd Floor, Unit no 2, Phoenix Market City, 15, LBS Road, Near Kamani Junction, Kurla (West), Mumbai- 400070.’’       Mutual Funds Scheme List – List of schemes in Exchange and Distribution available for trading.       Mutual Funds NFO /FMP – You can view the available New Fund Offering (NFO)/Fixed Maturity Plan (FMP) here. New Fund Offer: When an AMC brings out a new fund for public subscription it is called a New Fund Offer. The scheme is open for subscription for a specific period, at a face value for e.g. Rs.10 per unit. Investors will subscribe for the NFO during this period and after the NFO is over the Fund will be available for subscription based on whether it is open ended or close ended fund. Fixed Maturity Plan: The objective of FMPs is to generate steady returns over a fixed period, thus immunizing investors against market fluctuations.

IPO/OFS

The IPO/OFS page will show the current IPO/OFS/NCD/BOND/FD issues as well as the following details about each issue: 1. Issue Name- It is the name of the IPO that is being issued. 2. Issue Type- It shows the type of IPO being issued i.e. Book Building or Fixed Price. Fixed Price Issue – In a fixed price issue you are allowed to bid only at the fixed price determined by the issuing company. Book Building Issue – In a book building issue, the issuing company ‘discovers’ its price using the book building process. 3. Issue Price / Price Band- This is a term used to describe a price range in a Book Building issue. For example, the price band of company XYZ’s issue could be Rs.200 to 300. The floor price (or the minimum price for the issue) in this price band is Rs.200 and the ceiling price (or maximum price for the issue) is Rs.300. 4. Lot Size - The lot size is the quantity multiple of the issue. For example, if the lot size for issue ABC is 60, then acceptable lot size values are 60, 120, 180, 240 etc. 5. Start Date - The opening date for the issue. 6. End Date - The closing date for the issue. 7. Prospectus – The prospectus contains information about the company issuing the IPO along with the relevant terms and conditions of the IPO. Click on an issue’s ‘download’ link to view and save its prospectus. 8. Action – You can apply to the IPO from here.       IPO/OFS Place Orders- You can either place your IPO orders from the Home Page or the Place Order screen. Steps involved in placing an IPO order 1. Select the IPO Company and appropriate Investor Status from the Drop down Box and click on ‘Proceed’. There are 2 IPO investor categories namely Retail Investor and Non-Institutional/High Net Worth Individuals. A retail investor is a person who applies for stocks with a value of not more than Rs 200000. This maximum retail investor value varies from IPO to IPO. Any bid exceeding the maximum retail investment value is considered in the Non-Institutional category. Non-Institutional Investors are commonly referred to as High Net-Worth Individuals. In addition to the investor category, the IPO can be applied through – ASBA In ASBA, at the time of bidding, your account is blocked to the extent of the application amount and is debited only at the time of allotment. Upon allotment, the amount will be debited from your bank account to the extent of successful allotment. On non-allotment, the amount gets unlocked in your bank account. Further an Application placed under ASBA route can be modified /cancelled by you anytime during the bidding process. In case of upward revision of bid, additional lien will be marked to the extent of incremental amount. However, in case of downward revision, differential money blocked earlier will not be released. Such amount, if any, will be released after allotment. 2. Now the Issue details for the category selected are displayed. 3. Enter the necessary Bid details - Important points to be noted here are: Cutoff Date & Time - All IPO orders must be placed before the Cutoff Date & Time. No IPO orders will be accepted beyond this point. Minimum Investment Value – This is the minimum amount for applications in the Retail category, your application amount must be greater than or equal to this value. Any application whose value is less than this minimum value will not be accepted. Maximum Investment Value – This is the highest possible application value your order can have in the Retail category. Any application whose value is greater than this value falls into the Non-Institutional or High Net Worth Individual category. Lot size – The lot size is the quantity multiple of the issue. For example, if the lot size for issue XYZ is 60, then acceptable lot size values are 60, 120, 180, 240 etc. Tick size – The tick size is the price multiple within a specified price band. For example, if an issue has a price band of Rs. 200 to 300 with a tick size of Rs. 10, the acceptable price values for this issue are Rs. 200, 210, 220 and soon till Rs 300. This is a feature of Book Building Issues only. For a Fixed Price Issue, you only have to enter the quantity or number of shares you are applying for. For Book Building Issue, you can enter up to 3 Bids. The 1st Bid is Mandatory. The 2nd and 3rd Bids are optional. The quantity entered should be in multiple of lot size and the price entered should be in multiple of tick size. You can also apply all three bids at cut-off price. Checking the Cut-off option (for Book Building Issues only) implies that you are applying for the issue at its cut off price. After selecting it, the price displayed is the ceiling price. 4. Select the Demat account where you want the shares credited to. 5. Click on ‘Place Order’. 6. Preview your order and click on ‘Confirm’. 7. Read Issue’s disclaimer and click on ‘I Agree’. Once your order has been successfully placed, a confirmation screen displaying a Transaction Reference and Application number is displayed. Once you have successfully placed your order, you can view its status from the Order book.       IPO/OFS Order Book - Here you can view orders and their status. The Steps involved are: • Click on ‘Order Book’ button. • Select an IPO from the Drop down Box or select ‘All IPO’. • Enter From and To date and Click on 'Submit' button. Status Details: Ordered – Your order has been successfully placed in our system Transit – Your order has been sent to the exchange. Executed – Your order has been accepted and acknowledged by the exchange. Allotted – You have been allotted shares under the IPO. The amount of shares allotted can be viewed under Allotted Quantity.       Funds Hold & Release - To place an IPO order, you need to create a ‘funds hold’ first and ensure that necessary funds have been blocked in your bank account for the purpose of placing the IPO order. A ‘funds hold’ made from the IPO system blocks funds in your Bank account exclusively for placing IPO orders. Once a funds hold is created, the hold amount cannot be used for purposes other than placing IPO orders until it is explicitly released or unblocked. Only unutilized holds in your Limits can be released. Once the funds hold is created, your limits will increase accordingly. Fund Hold: I. Select the Bank accounts in which you want the hold made and click the Hold button. II. Check the available bank balance by clicking on the Bank Balance button. III. Enter the desired hold amount. IV. Click the Submit button. Upon successfully creating a hold, you can view the updated limits from the Limits screen. Release Fund: You can also release or unblock the unused part of a funds hold from this screen. To release funds: I. Select the Bank accounts from which you want the release made and click the Release button. II.Check the maximum amount that can be released. III.Enter the desired Release amount. IV. Click the Submit button. Upon successfully releasing a hold, you can view the updated limits from the Limits screen. Limits - This will give information about the amount available to place an IPO order. This should be equal to the maximum releasable amount in the Fund Release screen.