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MIS vs CNC: Product Types Explained for Paper Traders

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CNC vs MIS Trading

Understand the Difference Before You Trade

🏦 CNC (Cash & Carry)

Buy shares and hold them in your portfolio just like a real investor. Your virtual holdings remain in your account until you decide to sell them.

✅ Long-term investing
✅ Full trade value required
✅ Hold overnight or for years
✅ Best for delivery trading 📦

⚡ MIS (Margin Intraday Square-off)

Designed for intraday traders who buy and sell on the same trading day using margin.

✅ Lower margin required 💰
✅ Higher buying power 📈
✅ Must close positions the same day ⏰
✅ Auto square-off around 3:15 PM IST 🕒

⚖️ Quick Comparison

Feature 🏦 CNC ⚡ MIS
Holding Period 📅 Unlimited 🕒 Same Day Only
Margin Required 💰 Full Value 💵 Lower Margin
Leverage ❌ No ✅ Yes
Best For 📦 Delivery Investors ⚡ Intraday Traders

💡 Did You Know?
Futures & Options (F&O) trades often use NRML or MIS, depending on the product and broker rules.

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Practice Before You Invest

Experience both CNC and MIS trading with ₹5,00,000 Virtual Capital and live market prices—without risking real money.

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