You are here meaning you are a new user of Zerodha or you started investing your money in share market using Zerodha just now. Zerodha is the best discount broker in the market who charge zero brokerage charges for delivery order.

When I started my investment carrier in back 2017, I find 2 options CNC, MIS during the buy of shares. I was very confused which option should I click and what it means?

Now It has been more than 3 years and now, I know most of the terms from Zerodha application which are listed on application or web terminal of Zerodha. So, without wasting let’s take:

What is CNC and MIS in Zerodha?

CNC and MIS are the, 2 terms which are used to buy or sell any shares in share market using Zerodha application. CNC means Cash and Carry. MIS Means Margin Intraday Square Off which has a validity of one day. 

Both terms are Order type which is used in Zerodha. CNC has no expiry of order whereas MIS Product has an expiry of one day. We will see this thing in details below:

What is CNC in Zerodha kite?

When you want to buy shares and hold them more than a day then you use CNC order. CNC order is used to place delivery type of order. The brokerage charge for CNC order is zero in Zerodha.

You can not sell a product before buying using CNC order i.e. short sell option is not available for CNC Order.

You will not get any Margin in CNC order. You can place only the actual amount of order if you have the same amount of cash in your Zerodha wallet. Therefore, CNC order is called Cash and Carry order. Mainly this order is used for a long time of investment.

What is MIS in Zerodha Kite?

when you buy any share and sell that share on the same day then the order can be categorized in MIS Order. The Meaning of MIS order is Means Margin Intraday Square Off which is used to place an order for a share having same-day validity.

The Margin in MIS order will be somewhere around X2 of the cash available in your kite wallet. MIS order is mainly used to book more profit. All the traders use MIS order for their daily investment.

The main purpose of MIS order is making a profit within a day without holding any shares. The product which is bought using MIS order will expire on the same day of buying.

You can short sell any share using MIS order. That means you can sell any share before buying it. Short selling is also one of the best ways of booking lots of profit on the same day.

All the order placed under MIS is atomically squared off at 3.20 P Pm.


I hope now you have better understating of MIS and CNC in Zerodha. Both are used for placing order. The purpose and functionality of this both orders are different.

If you are a beginner then I will suggest first practice with a small amount and understand all functionality of Zerodha terminal. After that, you can invest a big amount of money.

If you have any question regarding Zerodha then let me know in the comment section.

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