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Speaker A 00:01 · Yeah, and it's not too expensive.
Speaker B 00:03 · You can have two thirty one.
Speaker A 00:05 · Okay. But yeah.
Speaker B 00:06 · Thank you. So you came here as in you came to Mumbai as in?
Speaker A 00:15 · Yeah, I was here for a for an appointment.
Speaker B 00:19 · Okay.
Speaker A 00:20 · Visa appointment.
Speaker B 00:22 · Here near Narayana. Yeah. It's still VFS or someone someone else?
Speaker A 00:26 · I think it's still VFS. It They are not probably allowed to advertise, but somewhere I saw.
Speaker B 00:34 · Yeah.
Speaker A 00:36 · So I have a few points to discuss. Firstly, regarding the trades which are currently ongoing, right? I guess it was said that we are going to break even by the month in the month of September.
Speaker B 00:47 · September. Okay. Right.
Speaker A 00:50 · I'm sure if you if I ask you the question if it is going to break even in September, October, November, December, you'll say yes. No. So tell me what's the current situation?
Speaker B 00:58 · So the current situation. The current situation is, uh, the current rate specifically, the 12287, right? So the trade was initiated in June sometime, right? June 15th. And, um, almost 3— August, August last week, right? One week before August last week is when the team figured, okay, this is what is not working out. Between that time, two things happened. One is obviously the caste thing, whatever happened. The other thing is the government, the SEBI came out with a law that usually banks used to give money to prop traders before.
Speaker A 01:42 · I think the detailed version of this Abhay already covered in the in the session, right?
Speaker B 01:49 · Yes, yes, yes.
Speaker A 01:51 · So I'm not looking for that. Yes, I just wanted. Because I'm not the expert. I don't want to know about the details. I just want to know what is the horizon that we are expecting it to close in. And I have few problems with the trade that we took in the month of June. So firstly, we are still in losses. Secondly, I have around ₹55 lakh available for trading. So I have around ₹1 crore which I've invested. But the entire capital, more than half of the capital, is still undeployed.
Speaker B 02:25 · Undeployed, right? But from my understanding, it has been deployed in the trades. It's not being utilized right now. So when we give a trade, right, let us say the requirement says 5 odd lakhs. That is the maximum requirement that will be taken. And when we make the returns also, I understand your point.
Speaker A 02:48 · My point is, let's say if I exit the trade, yes, right now it's showing me ₹50,000 loss.
Speaker B 02:55 · Yes.
Speaker A 02:56 · In 5 months, if I take a basic interest, it— my— I will recover more than ₹50,000, more than double of ₹50,000, right? So why are these actions to be decided by me myself, or Are you going to help me do that?
Speaker B 03:16 · No, but in general, in your current position, because last I spoke was with Rajat, right? I spoke to Rajat and he said that he's made— of course, I also made you buy— you have bought debt funds. Yeah, right. You have bought debt funds. So debt funds, against them there is no interest.
Speaker A 03:35 · Against them, I don't have to incur any interest?
Speaker B 03:40 · Yes. Hello. Yeah, yeah, sir. Just just a minute. Sir, what I was saying was.
Speaker A 06:58 · Yes, yes.
Speaker B 07:00 · So, so right now you have MFs that are pledged, right? There are MFs that are pledged and they are major— majority of them are debt-based MFs. What is going to happen in due time, in two odd months? Not two odd months, in two to three weeks. What is going to happen is some of them I'll ask you to liquidate.
Speaker A 07:23 · The mutual funds?
Speaker B 07:24 · Yes, the debt-based itself because they plan to give stocks because now stocks make sense at the current levels where Nifty is.
Speaker A 07:34 · Okay. And So my point is, even till that time, can I not use it for my equity trades or some other trades?
Speaker B 07:45 · Your equity trades? If you want to do equity trades, they would ideally require you to have the capital in cash, right? They would ideally require you to have the capital in cash, and if we decide to do that, we'll have to remove them from the mutual fund. From the debt-based mutual funds. Yeah, yeah, hundred percent. So you are you are thinking.
Speaker A 08:13 · Let me tell you, my investment in mutual funds is only fifty four lakhs, right? And my capital available for trading, which was in the fund section of us, is fifty seven.
Speaker B 08:25 · Okay. Just can you give me a screenshot?
Speaker A 08:27 · Right away. This is trading.
Speaker B 08:30 · Because the capital that it shows available for trading is majorly the capital that you can utilize in options.
Speaker A 08:38 · Okay, I've shared with you, right?
Speaker B 08:45 · So this is 50 margin utilized. You, you have roughly 50 odd in pure cash.
Speaker A 09:22 · 50 lakhs pure cash and 57 lakh rupees in mutual funds.
Speaker B 09:25 · Mutual funds, right. And you are looking for how much can be utilized to do if you want to trade in stocks. Yeah, right. Just let me get my laptop, right?
Speaker A 09:39 · Sure.
Speaker B 09:47 · Right, so right now you have 18 lots of the current trade. 18 into 3, that is, uh, 54-hour odd max. Uh, so what, what can be done is on Tuesday— now what about Tuesday? They're looking to close this trade. Okay, on Tuesday they're looking to close this trade.
Speaker A 10:33 · If you beat in loss, that is good. Okay, now I would like to understand how much is the capital लट डेट यू वुड लाइक टू यूज़ इन योर इक्विटी बेस ट्रेड्स। नो, सो आई डोंट हैव अ स्पेसिफिक टारगेट। आई जस्ट वांट माय कैपिटल टू बी फुली यूटिलाइज्ड। माय पॉइंट इज़ इफ़ इन द मंथ ऑफ़ जून, वी आई हैड वन सीआर एल्सवेयर। आई हैड इन्वेस्टेड इन एल्सवेयर। यस। आई कैन नॉट I see a loss of ₹50,000 just waiting for it to turn into profit. I would rather have it invested somewhere else where I can make some money. There is some opportunity cost.
Speaker B 11:20 · I agree to that.
Speaker A 11:21 · So I'm not looking to take any equity trades right now, but if I have to, if I have available funds, I should be aware that I can make these investments And then I'll go ahead and engage someone else who can take those trades for me.
Speaker B 11:37 · Perfect, right? For example, at this point of time, though it is showing that your capital is available here, but in our system, the way it reads is it reads almost that almost 81 to 95 odd lakhs are deployed. When I say deployed, that is the requirement for the trades that you currently have.
Speaker A 12:00 · Okay, and I also messaged you about the second trade. But one question, if I have to— if I want to invest the available for trading funds into equity trades or purchase equity shares, right, can I?
Speaker B 12:16 · Yes, you can. But the way it would function is I need to— one thing I just want to clarify, the mutual funds that you have all are debt funds. So let me just give you a breakdown. If they are— so right now out of the 50-odd lakhs that you want to invest and then you can pledge them equity, you can do that for 30-odd lakhs.
Speaker A 12:47 · Right now?
Speaker B 12:49 · Currently, in your current scenario where we are currently.
Speaker A 12:53 · So I can invest in equities and pledge them again?
Speaker B 12:57 · Yes, and then you can pledge them and it will come— that margin will be available for trading. For example, let's just say you decide that, you know what, I'll just buy Nifty Bees. I'm bullish from here, but Nifty Bees are worth 30-odd lakhs. Their haircut is roughly 10%. So you will get 27-odd lakhs that is available. And when we utilize them in the trades also, there will be no interest charged to you. But the other side to it is, if Nifty goes up or down, that is on you. Or whatever stocks that you pick up, if they go up or down, that is up to you.
Speaker A 13:36 · What is the recommendation? What about the second trade that I shared with you? It is, uh, the investment trade.
Speaker B 13:51 · The investment trade from, uh, 11934.
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