When you purchase a smallcase, the constituents are purchased as CNC market orders with IOC validity.

  • CNC: Cash and Carry which is the order type for delivery equity

  • IOC: Immediate or Cancel Validity. So the order will either get executed immediately or will be cancelled in case of an error.

  • Other order types such as Limit orders, Stop Loss orders aren't available for smallcases as of yet.

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