what is cnc in zerodha

In Zerodha, CNC stands for Cash and Carry, which is a product type used for delivery-based trading in equity. This means that individuals have the freedom to hold stocks overnight for any desired duration, and there is no provision for leverage when using the CNC product type. Positions will not be automatically squared off, and taking short positions is not possible using CNC. However, individuals can sell the stocks from their holdings when using this particular product type. When using CNC to buy and sell a share within the same day, it will still be regarded as an intraday trade, and the brokerage charges will be applied accordingly.