F&O Margin Calculator

    Calculate the SPAN margin and exposure margin the exchange requires for futures and option writing, with the premium for options you buy. Add every leg of your strategy: the margin is worked out for the whole portfolio, so hedges and spreads get their offset, as they do at the exchange.

    Margins come from the exchanges' SPAN files, which Parasram's trading platform loads several times a day. Covers NSE F&O, NSE currency and MCX commodity contracts; buying an option needs only its premium.

    Add Position

    Side

    Pick a contract from the list, choose buy or sell, and add as many positions as your strategy has.

    Positions

    No positions yet. Add one above to see its margin.

    Required margin for this strategy

    Initial margin (SPAN)
    0.00
    Exposure margin
    0.00
    Net premium (paid +, received −)
    0.00
    Total amount required
    ₹0.00

    SPAN and exposure come from the exchanges' SPAN files, loaded through the day on Parasram's trading platform, and are calculated for all positions together, so hedges and spreads get their offset. Parasram may add its own margin on top.

    Equity delivery and intraday margin

    Cash-market trades: delivery needs the full value; intraday needs a fraction set by the exchange's peak-margin rules.

    Trade details

    Margin summary

    Trade Value₹1,50,000
    Margin Required₹1,50,000
    Leverage
    1.0x

    NSE F&O margin list: lot sizes and margin per lot

    Current lot size for every F&O contract, with the last closing price, the value of one lot and the approximate margin to hold it (SPAN + exposure, at the rates this calculator uses). Click a row to find its contracts in the SPAN calculator above for the exact figure.

    NSE F&O margin list
    SymbolUnderlyingLot sizeLast close1 lot valueApprox. margin / lot
    BANKNIFTYindexNIFTY BANK30₹53,974.9₹16,19,247₹2,18,598
    FINNIFTYindexNIFTY FINANCIAL SERVICES60₹24,303.75₹14,58,225₹1,82,278
    MIDCPNIFTYindexNIFTY MID SELECT120₹13,220.05₹15,86,406₹2,30,029
    NIFTYindexNIFTY 5065₹22,749.75₹14,78,734₹1,77,448
    NIFTYNXT50indexNIFTY NEXT 5025₹67,343.95₹16,83,599₹3,36,720
    360ONE360 ONE WAM LIMITED500₹973₹4,86,500₹97,300
    ABBABB INDIA LIMITED125₹6,549.93₹8,18,741₹1,63,748
    ABCAPITALADITYA BIRLA CAPITAL LTD.1,550₹353.55₹5,48,003₹1,09,601
    ADANIENSOLADANI ENERGY SOLUTION LTD675₹1,309.68₹8,84,034₹1,76,807
    ADANIENTADANI ENTERPRISES LIMITED309₹2,490₹7,69,410₹1,53,882
    ADANIGREENADANI GREEN ENERGY LTD600₹1,288.94₹7,73,364₹1,54,673
    ADANIPORTSADANI PORT & SEZ LTD475₹1,754.53₹8,33,402₹1,66,680
    ADANIPOWERADANI POWER LTD3,550₹188.68₹6,69,814₹1,33,963
    ALKEMALKEM LABORATORIES LTD.125₹5,078.02₹6,34,753₹1,26,951
    AMBERAMBER ENTERPRISES (I) LTD100₹6,030₹6,03,000₹1,20,600
    AMBUJACEMAMBUJA CEMENTS LTD1,200₹348.82₹4,18,584₹83,717
    ANANDRATHIANAND RATHI WEALTH LTD250₹2,258.93₹5,64,733₹1,12,947
    ANGELONEANGEL ONE LIMITED2,500₹289.21₹7,23,025₹1,44,605
    APLAPOLLOAPL APOLLO TUBES LTD350₹2,213.89₹7,74,862₹1,54,972
    APOLLOHOSPAPOLLO HOSPITALS ENTER. L125₹7,791.51₹9,73,939₹1,94,788
    ASHOKLEYASHOK LEYLAND LTD5,000₹142₹7,10,000₹1,42,000
    ASIANPAINTASIAN PAINTS LIMITED250₹2,277.2₹5,69,300₹1,13,860
    ASTRALASTRAL LIMITED425₹1,375.94₹5,84,775₹1,16,955
    ATHERENERGATHER ENERGY LIMITED375₹1,673.92₹6,27,720₹1,25,544
    AUBANKAU SMALL FINANCE BANK LTD500₹848.02₹4,24,010₹84,802
    AUROPHARMAAUROBINDO PHARMA LTD550₹1,627.5₹8,95,125₹1,79,025
    AXISBANKAXIS BANK LIMITED625₹1,205.7₹7,53,563₹1,50,713
    BAJAJ-AUTOBAJAJ AUTO LIMITED75₹10,389.95₹7,79,246₹1,55,849
    BAJAJFINSVBAJAJ FINSERV LTD.300₹1,677.01₹5,03,103₹1,00,621
    BAJAJHLDNGBAJAJ HOLDINGS & INVS LTD75₹10,900.86₹8,17,565₹1,63,513
    BAJFINANCEBAJAJ FINANCE LIMITED750₹912₹6,84,000₹1,36,800
    BANDHANBNKBANDHAN BANK LIMITED3,600₹151.91₹5,46,876₹1,09,375
    BANKBARODABANK OF BARODA2,925₹233.92₹6,84,216₹1,36,843
    BANKINDIABANK OF INDIA5,200₹132.02₹6,86,504₹1,37,301
    BDLBHARAT DYNAMICS LIMITED425₹1,005.98₹4,27,542₹85,508
    BELBHARAT ELECTRONICS LTD1,425₹367.95₹5,24,329₹1,04,866
    BHARATFORGBHARAT FORGE LTD500₹1,762.98₹8,81,490₹1,76,298
    BHARTIARTLBHARTI AIRTEL LIMITED475₹1,978.8₹9,39,930₹1,87,986
    BHELBHEL2,625₹399.9₹10,49,738₹2,09,948
    BIOCONBIOCON LIMITED.2,500₹332.45₹8,31,125₹1,66,225
    BLUESTARCOBLUE STAR LIMITED325₹1,526₹4,95,950₹99,190
    BOSCHLTDBOSCH LIMITED25₹45,599.93₹11,39,998₹2,28,000
    BPCLBHARAT PETROLEUM CORP LT1,975₹295.6₹5,83,810₹1,16,762
    BRITANNIABRITANNIA INDUSTRIES LTD125₹4,560₹5,70,000₹1,14,000
    BSEBSE LIMITED200₹3,441.1₹6,88,220₹1,37,644
    CAMSCOMPUTER AGE MNGT SER LTD825₹677.38₹5,58,839₹1,11,768
    CANBKCANARA BANK6,750₹118.01₹7,96,568₹1,59,314
    CDSLCENTRAL DEPO SER (I) LTD475₹1,222₹5,80,450₹1,16,090
    CGPOWERCG POWER AND IND SOL LTD850₹835.39₹7,10,082₹1,42,016
    CHOLAFINCHOLAMANDALAM IN & FIN CO625₹1,469₹9,18,125₹1,83,625
    CIPLACIPLA LTD425₹1,350₹5,73,750₹1,14,750
    COALINDIACOAL INDIA LTD1,350₹398₹5,37,300₹1,07,460
    COCHINSHIPCOCHIN SHIPYARD LIMITED400₹1,123.51₹4,49,404₹89,881
    COFORGECOFORGE LIMITED475₹1,997₹9,48,575₹1,89,715
    COLPALCOLGATE PALMOLIVE LTD.275₹1,603.41₹4,40,938₹88,188
    CONCORCONTAINER CORP OF IND LTD1,250₹425.15₹5,31,438₹1,06,288
    COROMANDELCOROMANDEL INTERNTL. LTD300———
    CROMPTONCROMPT GREA CON ELEC LTD2,150₹196.25₹4,21,938₹84,388
    CUBCITY UNION BANK LTD2,325———
    CUMMINSINDCUMMINS INDIA LTD100₹4,531.99₹4,53,199₹90,640
    DABURDABUR INDIA LTD1,250₹357.8₹4,47,250₹89,450
    DATAPATTNSDATA PATTERNS INDIA LTD125———
    DELHIVERYDELHIVERY LIMITED2,075₹382₹7,92,650₹1,58,530
    DIVISLABDIVI S LABORATORIES LTD100₹9,505.39₹9,50,539₹1,90,108
    DIXONDIXON TECHNO (INDIA) LTD50₹11,233.26₹5,61,663₹1,12,333
    DLFDLF LIMITED950₹670.99₹6,37,441₹1,27,488
    DMARTAVENUE SUPERMARTS LIMITED150₹3,200₹4,80,000₹96,000
    DRREDDYDR. REDDY S LABORATORIES625₹1,309.98₹8,18,738₹1,63,748
    EICHERMOTEICHER MOTORS LTD100₹7,164.98₹7,16,498₹1,43,300
    ENRINSIEMENS ENERGY INDIA LTD175₹2,843.87₹4,97,677₹99,535
    ETERNALETERNAL LIMITED2,425₹331₹8,02,675₹1,60,535
    FEDERALBNKFEDERAL BANK LTD2,500₹341.6₹8,54,000₹1,70,800
    FORCEMOTFORCE MOTORS LIMITED25₹17,372.28₹4,34,307₹86,861
    FORTISFORTIS HEALTHCARE LTD775₹736.5₹5,70,788₹1,14,158
    GAILGAIL (INDIA) LTD3,550₹165.68₹5,88,164₹1,17,633
    GLENMARKGLENMARK PHARMACEUTICALS375₹2,265.7₹8,49,637₹1,69,927
    GMRAIRPORTGMR AIRPORTS LIMITED6,975₹89.48₹6,24,123₹1,24,825
    GODFRYPHLPGODFREY PHILLIPS INDIA LT275₹1,725.7₹4,74,568₹94,914
    GODREJCPGODREJ CONSUMER PRODUCTS500₹828.8₹4,14,400₹82,880
    GODREJPROPGODREJ PROPERTIES LTD325₹1,585.53₹5,15,297₹1,03,059
    GRASIMGRASIM INDUSTRIES LTD250₹2,900.8₹7,25,200₹1,45,040
    GVT&DGE VERNOVA T&D INDIA LTD125₹3,980.04₹4,97,505₹99,501
    HALHINDUSTAN AERONAUTICS LTD150₹4,854.77₹7,28,216₹1,45,643
    HAVELLSHAVELLS INDIA LIMITED500₹1,008.49₹5,04,245₹1,00,849
    HCLTECHHCL TECHNOLOGIES LTD400₹1,419.99₹5,67,996₹1,13,599
    HDFCAMCHDFC AMC LIMITED300₹2,267.69₹6,80,307₹1,36,061
    HDFCBANKHDFC BANK LTD650₹680.2₹4,42,130₹88,426
    HDFCLIFEHDFC LIFE INS CO LTD1,100₹513.61₹5,64,971₹1,12,994
    HEROMOTOCOHERO MOTOCORP LIMITED150₹5,218.5₹7,82,775₹1,56,555
    HINDALCOHINDALCO INDUSTRIES LTD700₹891.2₹6,23,840₹1,24,768
    HINDPETROHINDUSTAN PETROLEUM CORP2,025₹354₹7,16,850₹1,43,370
    HINDUNILVRHINDUSTAN UNILEVER LTD.300₹1,818.01₹5,45,403₹1,09,081
    HINDZINCHINDUSTAN ZINC LIMITED1,225₹492.5₹6,03,313₹1,20,663
    HYUNDAIHYUNDAI MOTOR INDIA LTD275₹1,861.2₹5,11,830₹1,02,366
    ICICIBANKICICI BANK LTD.700₹1,386.91₹9,70,837₹1,94,167
    ICICIGIICICI LOMBARD GIC LIMITED325₹1,576.2₹5,12,265₹1,02,453
    ICICILIFEICICI LIFE INSURANCE LTD925₹409.55₹3,78,834₹75,767
    ICICIPRULIICICI PRU LIFE INS CO LTD925₹431₹3,98,675₹79,735
    IDEAVODAFONE IDEA LIMITED71,475₹12.11₹8,65,562₹1,73,112
    IDFCFIRSTBIDFC FIRST BANK LIMITED9,275₹71.36₹6,61,864₹1,32,373
    IEXINDIAN ENERGY EXC LTD4,350₹103.49₹4,50,182₹90,036
    INDHOTELTHE INDIAN HOTELS CO. LTD1,000₹812.85₹8,12,850₹1,62,570
    INDIANBINDIAN BANK1,000₹840₹8,40,000₹1,68,000
    INDIGOINTERGLOBE AVIATION LTD150₹4,596.56₹6,89,484₹1,37,897
    INDUSINDBKINDUSIND BANK LIMITED700₹833.3₹5,83,310₹1,16,662
    INDUSTOWERINDUS TOWERS LIMITED1,700₹385.3₹6,55,010₹1,31,002
    INFYINFOSYS LIMITED400₹1,163₹4,65,200₹93,040
    INOXWINDINOX WIND LIMITED6,400₹58.56₹3,74,784₹74,957
    IOCINDIAN OIL CORP LTD4,875₹131.75₹6,42,281₹1,28,456
    IREDAINDIAN RENEWABLE ENERGY4,525₹99.71₹4,51,188₹90,238
    IRFCINDIAN RAILWAY FIN CORP L5,425₹74.56₹4,04,488₹80,898
    ITCITC LTD1,725₹260₹4,48,500₹89,700
    JINDALSTELJINDAL STEEL LIMITED625₹1,060₹6,62,500₹1,32,500
    JIOFINJIO FIN SERVICES LTD2,350₹207.24₹4,87,014₹97,403
    JSWENERGYJSW ENERGY LIMITED1,075₹469.64₹5,04,863₹1,00,973
    JSWSTEELJSW STEEL LIMITED675₹1,252.7₹8,45,573₹1,69,115
    JUBLFOODJUBILANT FOODWORKS LTD1,250₹429.49₹5,36,863₹1,07,373
    KALYANKJILKALYAN JEWELLERS IND LTD1,350₹500₹6,75,000₹1,35,000
    KARURVYSYAKARUR VYSYA BANK LTD1,550———
    KAYNESKAYNES TECHNOLOGY IND LTD150₹3,349.85₹5,02,478₹1,00,496
    KEIKEI INDUSTRIES LTD.175₹3,870.5₹6,77,338₹1,35,468
    KFINTECHKFIN TECHNOLOGIES LIMITED575₹869.64₹5,00,043₹1,00,009
    KOTAKBANKKOTAK MAHINDRA BANK LTD2,000₹442.5₹8,85,000₹1,77,000
    KPITTECHKPIT TECHNOLOGIES LIMITED775₹531.9₹4,12,223₹82,445
    LAURUSLABSLAURUS LABS LIMITED425₹2,141.87₹9,10,295₹1,82,059
    LICHSGFINLIC HOUSING FINANCE LTD1,000₹510₹5,10,000₹1,02,000
    LICILIFE INSURA CORP OF INDIA1,400₹387.69₹5,42,766₹1,08,553
    LODHALODHA DEVELOPERS LIMITED625₹1,010.39₹6,31,494₹1,26,299
    LTLARSEN & TOUBRO LTD.175₹3,665.12₹6,41,396₹1,28,279
    LTFL&T FINANCE LIMITED2,250₹240.8₹5,41,800₹1,08,360
    LTMLTM LIMITED150₹4,059.7₹6,08,955₹1,21,791
    LUPINLUPIN LIMITED425₹1,952₹8,29,600₹1,65,920
    M&MMAHINDRA & MAHINDRA LTD200₹2,858.4₹5,71,680₹1,14,336
    MAHABANKBANK OF MAHARASHTRA6,500₹79.99₹5,19,935₹1,03,987
    MANAPPURAMMANAPPURAM FINANCE LTD3,000₹286.45₹8,59,350₹1,71,870
    MANKINDMANKIND PHARMA LIMITED250₹2,502.48₹6,25,620₹1,25,124
    MARICOMARICO LIMITED1,200₹776.15₹9,31,380₹1,86,276
    MARUTIMARUTI SUZUKI INDIA LTD.50₹11,450.07₹5,72,504₹1,14,501
    MAXHEALTHMAX HEALTHCARE INS LTD525₹845₹4,43,625₹88,725
    MAZDOCKMAZAGON DOCK SHIPBUIL LTD225₹1,754.07₹3,94,666₹78,933
    MCXMULTI COMMODITY EXCHANGE225₹3,186.84₹7,17,039₹1,43,408
    MFSLMAX FINANCIAL SERV LTD400₹1,231.3₹4,92,520₹98,504
    MOTHERSONSAMVRDHNA MTHRSN INTL LTD6,150₹157.95₹9,71,392₹1,94,278
    MOTILALOFSMOTILAL OSWAL FIN LTD775₹969₹7,50,975₹1,50,195
    MPHASISMPHASIS LIMITED275₹2,615.42₹7,19,241₹1,43,848
    MUTHOOTFINMUTHOOT FINANCE LIMITED275₹2,407.48₹6,62,057₹1,32,411
    NAM-INDIANIPPON L I A M LTD625₹943₹5,89,375₹1,17,875
    NATIONALUMNATIONAL ALUMINIUM CO LTD1,875₹308.2₹5,77,875₹1,15,575
    NAUKRIINFO EDGE (I) LTD550₹1,216.3₹6,68,965₹1,33,793
    NAVINFLUORNAVIN FLUORINE INT. LTD75———
    NBCCNBCC (INDIA) LIMITED6,500₹70.5₹4,58,250₹91,650
    NESTLEINDNESTLE INDIA LIMITED500₹1,180.49₹5,90,245₹1,18,049
    NHPCNHPC LTD6,950₹73.2₹5,08,740₹1,01,748
    NIFTYFPINIFTY FPI 1501,100₹1,464₹16,10,400₹3,22,080
    NMDCNMDC LTD.6,750₹68.96₹4,65,480₹93,096
    NTPCNTPC LTD1,500₹301.8₹4,52,700₹90,540
    NYKAAFSN E COMMERCE VENTURES3,125₹339.4₹10,60,625₹2,12,125
    OBEROIRLTYOBEROI REALTY LIMITED350₹1,619₹5,66,650₹1,13,330
    OFSSORACLE FIN SERV SOFT LTD.50₹9,928₹4,96,400₹99,280
    OILOIL INDIA LTD1,400₹457.33₹6,40,262₹1,28,052
    ONGCOIL AND NATURAL GAS CORP.2,250₹229.85₹5,17,163₹1,03,433
    PAGEINDPAGE INDUSTRIES LTD20₹34,559.76₹6,91,195₹1,38,239
    PATANJALIPATANJALI FOODS LIMITED1,075₹347.95₹3,74,046₹74,809
    PAYTMONE 97 COMMUNICATIONS LTD725₹1,601.63₹11,61,182₹2,32,236
    PERSISTENTPERSISTENT SYSTEMS LTD125₹5,832.5₹7,29,063₹1,45,813
    PETRONETPETRONET LNG LIMITED1,900₹296₹5,62,400₹1,12,480
    PFCPOWER FIN CORP LTD.1,300₹315.59₹4,10,267₹82,053
    PGELPG ELECTROPLAST LTD950₹500.32₹4,75,304₹95,061
    PHOENIXLTDTHE PHOENIX MILLS LTD350₹1,904.97₹6,66,740₹1,33,348
    PIDILITINDPIDILITE INDUSTRIES LTD500₹1,450₹7,25,000₹1,45,000
    PIINDPI INDUSTRIES LTD175₹2,088.87₹3,65,552₹73,110
    PNBPUNJAB NATIONAL BANK8,000₹121.27₹9,70,160₹1,94,032
    PNBHOUSINGPNB HOUSING FIN LTD.650₹1,080.01₹7,02,007₹1,40,401
    POLICYBZRPB FINTECH LIMITED350₹1,008.4₹3,52,940₹70,588
    POLYCABPOLYCAB INDIA LIMITED125₹7,717.87₹9,64,734₹1,92,947
    POWERGRIDPOWER GRID CORP. LTD.1,900₹251.75₹4,78,325₹95,665
    POWERINDIAHITACHI ENERGY INDIA LTD25₹28,394.97₹7,09,874₹1,41,975
    PREMIERENEPREMIER ENERGIES LIMITED650₹861.98₹5,60,287₹1,12,057
    PRESTIGEPRESTIGE ESTATE LTD450₹1,422.33₹6,40,049₹1,28,010
    RADICORADICO KHAITAN LTD150₹4,289.89₹6,43,484₹1,28,697
    RBLBANKRBL BANK LIMITED3,175₹348.55₹11,06,646₹2,21,329
    RECLTDREC LIMITED1,575₹286.5₹4,51,238₹90,248
    RELIANCERELIANCE INDUSTRIES LTD500₹1,196.22₹5,98,110₹1,19,622
    RVNLRAIL VIKAS NIGAM LIMITED1,925₹181₹3,48,425₹69,685
    SAGILITYSAGILITY LIMITED12,000₹46.05₹5,52,600₹1,10,520
    SAILSTEEL AUTHORITY OF INDIA4,700₹171.22₹8,04,734₹1,60,947
    SBICARDSBI CARDS & PAY SER LTD800₹528.07₹4,22,456₹84,491
    SBILIFESBI LIFE INSURANCE CO LTD375₹1,633₹6,12,375₹1,22,475
    SBINSTATE BANK OF INDIA750₹945.1₹7,08,825₹1,41,765
    SHREECEMSHREE CEMENT LIMITED25₹23,275.88₹5,81,897₹1,16,379
    SHRIRAMFINSHRIRAM FINANCE LIMITED825₹823.6₹6,79,470₹1,35,894
    SIEMENSSIEMENS LTD175₹3,339.5₹5,84,413₹1,16,883
    SOLARINDSSOLAR INDUSTRIES (I) LTD25₹19,266.88₹4,81,672₹96,334
    SONACOMSSONA BLW PRECISION FRGS L1,225₹851.83₹10,43,492₹2,08,698
    SRFSRF LTD200₹2,335₹4,67,000₹93,400
    SUNPHARMASUN PHARMACEUTICAL IND L350₹1,751.22₹6,12,927₹1,22,585
    SUPREMEINDSUPREME INDUSTRIES LTD175₹3,298.19₹5,77,183₹1,15,437
    SUZLONSUZLON ENERGY LIMITED12,700₹36.92₹4,68,884₹93,777
    SWIGGYSWIGGY LIMITED1,825₹188.9₹3,44,743₹68,949
    SYRMASYRMA SGS TECHNOLOGY LTD325———
    TATACONSUMTATA CONSUMER PRODUCT LTD550₹999.99₹5,49,995₹1,09,999
    TATAELXSITATA ELXSI LIMITED125₹3,723.35₹4,65,419₹93,084
    TATAPOWERTATA POWER CO LTD1,450₹339.07₹4,91,652₹98,330
    TATASTEELTATA STEEL LIMITED2,750₹171.42₹4,71,405₹94,281
    TCSTATA CONSULTANCY SERV LT225₹2,496.9₹5,61,803₹1,12,361
    TECHMTECH MAHINDRA LIMITED600₹1,811.38₹10,86,828₹2,17,366
    TIINDIATUBE INVEST OF INDIA LTD200₹2,105.05₹4,21,010₹84,202
    TITANTITAN COMPANY LIMITED175₹4,365.9₹7,64,032₹1,52,806
    TMPVTATA MOTORS PASS VEH LTD1,600₹261.2₹4,17,920₹83,584
    TORNTPHARMTORRENT PHARMACEUTICALS L125₹4,624.99₹5,78,124₹1,15,625
    TRENTTRENT LTD225₹2,820.62₹6,34,640₹1,26,928
    TVSMOTORTVS MOTOR COMPANY LTD175₹4,086.98₹7,15,222₹1,43,044
    UJJIVANSFBUJJIVAN SMALL FINANC BANK8,000₹55.44₹4,43,520₹88,704
    ULTRACEMCOULTRATECH CEMENT LIMITED50₹11,150.07₹5,57,504₹1,11,501
    UNIONBANKUNION BANK OF INDIA4,425₹184.6₹8,16,855₹1,63,371
    UNITDSPRUNITED SPIRITS LIMITED400₹1,270₹5,08,000₹1,01,600
    UNOMINDAUNO MINDA LIMITED550₹1,085₹5,96,750₹1,19,350
    UPLUPL LIMITED1,355₹519₹7,03,245₹1,40,649
    VBLVARUN BEVERAGES LIMITED1,275₹416.04₹5,30,451₹1,06,090
    VEDLVEDANTA LIMITED1,150₹225.6₹2,59,440₹51,888
    VMMVISHAL MEGA MART LIMITED4,850₹87.99₹4,26,752₹85,350
    VOLTASVOLTAS LTD375₹946.21₹3,54,829₹70,966
    WAAREEENERWAAREE ENERGIES LIMITED175₹2,274.91₹3,98,109₹79,622
    WIPROWIPRO LTD3,000₹187₹5,61,000₹1,12,200
    YESBANKYES BANK LIMITED31,100₹15.9₹4,94,490₹98,898
    ZYDUSLIFEZYDUS LIFESCIENCES LTD450₹1,172.87₹5,27,792₹1,05,558

    SPAN, exposure and option margin: common questions

    What is SPAN margin?

    SPAN (Standard Portfolio Analysis of Risk) margin is the minimum margin NSE requires to hold a futures or short options position. The exchange computes it from the worst likely one-day loss on the position across a range of price and volatility scenarios.

    What is exposure margin?

    Exposure margin is collected on top of SPAN margin as a buffer against moves larger than the SPAN scenarios. For index derivatives it is typically about 2-3% of the contract value; for stock derivatives it is higher.

    What is the difference between SPAN margin and exposure margin?

    SPAN margin covers the modelled worst-case one-day loss; exposure margin is an extra cushion above it. The total margin blocked for a futures or option-selling position is SPAN plus exposure.

    How much margin is needed to sell options?

    Selling an option needs roughly the same SPAN plus exposure margin as a futures position on the same underlying, reduced when the position is hedged. Buying an option needs only the premium, with no SPAN or exposure margin.

    What is the NIFTY lot size?

    NSE revises lot sizes periodically. This calculator reads NSE's current lot size for every F&O contract rather than a fixed list, and shows it for the contract you choose.

    How is intraday equity margin calculated?

    Intraday (MIS) equity trades require a fraction of the trade value as margin, set by the exchange's peak-margin rules and the broker; delivery (CNC) trades require the full value. The calculator applies typical percentages for each.

    Disclaimer: The SPAN calculator above uses the exchanges' SPAN files through Parasram's trading platform; Parasram may collect more than the exchange minimum. The margin list's per-lot figures are quick approximations at typical SPAN and exposure rates (15% + 5% for stock futures, index-specific for indices); use the calculator for the exact figure. Lot sizes are NSE's current sizes. Not investment advice.