NiftyBees and JuniorBeeS BTST

Hi team, I was curious if NiftyBeeS and JuniorBeeS can be done in BTST. Also, would there be any chance of an auction penalty? For example: If I buy them today and sell them tomorrow, I should ideally have the ETFs credited a day before selling, so how does the auction penalty come into play?

It would be really great if someone could help me understand this

Hi, @sv28

Yes, you can do BTST trade in NiftyBees and JuniorBees, but there is a risk of auction penalty if you place BTST trades.

This is because you will get delivery of that ETFs in T+2 days same as Equity stock

Thanks for the response @Divyesh

I have a confusion. Let’s assume a scenario:

Monday: I buy the ETF
Tuesday: I see all of them
Wednesday: ETF should be credited (T+2 of Buy)
Friday: ETF should be debited (T+2 of Sell)

So, why is there a risk of penalty if I have ETF in my Demat a day prior? Am I missing something here?

Hi, @sv28

As per your scenario, if you sold ETFs on Tuesday, but you didn’t receive delivery yet in your holding.

In this case, an auction risk is there

Further, if you have more concerns related to this email us at / chat or call us at 022-48906273