What Is Convert Position In Zerodha?

Are you curious to know what is convert position in zerodha? You have come to the right place as I am going to tell you everything about convert position in zerodha in a very simple explanation. Without further discussion let’s begin to know what is convert position in zerodha?

Zerodha is one of the leading stockbrokers in India, known for its user-friendly trading platform and innovative features. If you’re a Zerodha user or considering opening an account with them, it’s essential to understand the various features and functionalities the platform offers. One such feature is “Convert Position.” In this blog, we will dive deep into what Convert Position is in Zerodha and how it can be beneficial for traders.

What Is Convert Position In Zerodha?

Convert Position is a feature provided by Zerodha that allows traders to convert their existing intraday positions into delivery or carry forward positions. In simpler terms, it allows you to change the nature of your trade from intraday to holding it for multiple days. This feature is particularly useful for traders who may have initially planned to trade intraday but have changed their minds and wish to hold the position overnight or for an extended period.

Key Features Of Convert Position:

  1. Flexibility: The Convert Position feature provides traders with the flexibility to adapt to changing market conditions. It allows you to switch your trading strategy from day trading to short-term or long-term investing seamlessly.
  2. Reduced Costs: When you convert an intraday position into a delivery position, you avoid paying additional brokerage and taxes for a new buy order. This can result in cost savings, especially if you trade frequently.
  3. Margin Benefits: By converting your position, you can also benefit from lower margin requirements. Intraday trading typically requires higher margins, which can be released when you convert the position to delivery.
  4. Risk Management: Converting a position can be an excellent risk management strategy. If you believe that the stock has the potential to perform well in the coming days or weeks, converting to a delivery position can help you hold the stock and benefit from any potential upside.

How To Use Convert Position In Zerodha:

Using the Convert Position feature in Zerodha is straightforward. Here’s a step-by-step guide:

  1. Log in to your Zerodha account: Access the Zerodha Kite trading platform using your login credentials.
  2. Navigate to the Holdings: In the dashboard, click on the ‘Holdings’ tab to view your existing positions.
  3. Select the Position to Convert: Identify the intraday position you want to convert. Click on it to view the position details.
  4. Click on ‘Convert to Delivery’: Within the position details, you’ll find an option to ‘Convert to Delivery.’ Click on this option.
  5. Review and Confirm: A confirmation window will appear, summarizing the conversion details, including the stock, quantity, and segment. Review the information carefully and confirm the conversion.
  6. Delivery Pledge: If you haven’t already pledged the shares in your demat account, you’ll be prompted to do so. Follow the instructions to pledge the shares.
  7. Conversion Complete: Once you confirm, your intraday position will be converted into a delivery position, and you’ll be able to see it in your demat account.


Convert Position is a valuable feature offered by Zerodha that empowers traders to adapt to changing market conditions and trading strategies. It provides flexibility, cost savings, margin benefits, and risk management advantages. However, it’s crucial to use this feature wisely and have a clear understanding of your trading objectives.

Before using the Convert Position feature, ensure that you are aware of the associated risks and market conditions. It’s always a good practice to consult with a financial advisor or do thorough research before making any trading decisions. When used strategically, Convert Position can be a valuable tool in your trading arsenal, helping you make the most of your investments in the stock market.

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What Is The Meaning Of Convert Position In Share Market?

The process of converting trades from their original type and intent is known as Position Conversion. For example, the act of converting an intraday trade into delivery is called conversion of trade or position conversion.

What Is The Meaning Of Convert Position In Kite?

The CONVERT POSITION option on your KITE , converts your holding position from MIS to CNC and vice-versa. ( You have initially purchased 10x shares in the morning using MIS, planning to sell it later during the day, BUT later you decide to hold the shares till tomorrow

Can I Convert Position From Delivery To Intraday?

Position would be converted only if the required margin is available. Delivery holdings can be converted to Intraday positions only if it is purchased on the same day before the auto square off timing.

Can I Convert Sell Position To Delivery?

You are required to bring in the remaining amount to convert your position to delivery. If you have taken Margin Sell position, you can convert it to delivery (Only if you have same quantity of shares in your Demat). Here shares from your Demat will be sold and your position will be closed.

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