fbpx
Skip to content
  • Investing Insights
  • smallcase Rationales
  • Inside smallcase
  • Postweek Reports
  • Subscribe

Introducing After-Market Orders

share: Icon-Whatsapp Icon-Twitter
Subscribe
Inside smallcase ,  

Introducing After-Market Orders

After-market Orders on Zerodha
Author Vaibhav Jalan
Published July 4, 2019
Share
Icon-Facebook Icon-Twitter Icon-Email
Reading Time: 3 minutes

Imagine sitting in your favourite spot at home, on a bright Sunday afternoon – sipping on a mug of hot chocolate and researching what smallcases to buy. After all your analysis and reading, you boil down to a couple of smallcases that fit your needs; only to realize that markets are closed. You will now have to wait until the next trading day to invest. Bummer, right? We know that feeling and wanted to solve this problem for you!

At smallcase, we strive to provide investors like you, a simpler, intuitive and flexible experience of investing. As we continue to work on our core beliefs, we are thrilled to enable “After-Market Order” (AMO) for our Zerodha users. Now, you can start your investment journey, do SIPs and bump up your portfolio even outside market hours.

What are market hours or trading hours?

It is the period of time during which a financial market is open each day. In India, stock exchanges like the Bombay Stock Exchange (BSE) & National Stock Exchange (NSE) are open between 9:15 AM to 3:30 PM, with no breaks for tea or lunch. The markets remain closed on Saturday, Sunday, and National Holidays.

Here is the list of holidays for NSE. Outside these hours, you will not be able to trade. Limited trading hours can be an inconvenience to investors who have a day job. With After-Market Order, this problem will cease to exist.

How does AMO work?

When you invest in a smallcase outside market hours, your orders are placed right away to your broker in an “After-Market Order” (AMO) mode. The actual transaction of stocks/ETFs happens whenever the markets open next.

You will get an email with the details of your transaction. It’ll include information like, your average buy/sell price of each stock, the number of stocks transacted among others.

What does AMO allow me to do?

With After-Market Order enabled, you can place the below orders even outside market hours:

  • Buy new smallcases
  • Invest more in your existing smallcase investments
  • Complete your SIP instalments

In addition to this, you can also exit a smallcase with AMO.

Currently, AMOs cannot be placed for orders that require both buying/selling of stocks in a single transaction. These actions include Rebalance & Manage portfolio orders.

Are you now thinking, “What if I change my mind and don’t want to proceed with my after-market order”? Don’t worry, we’ve thought of that situation as well. You’ll have an option to cancel your order before the actual transaction takes place.

How do I place an After-Market order?

After-Market Orders can be placed from the web platform as well as the smallcase mobile app.

You do not have to do anything special for placing an AMO. If the markets are closed and you try to buy/invest more/SIP, proceed as you normally would. We have ensured that the messaging conveys that an after-market order is being placed.

Need help with After-Market Orders or anything else? We’re on standby for you – just drop us an email at help@smallcase.com.

Coming back to your bright Sunday afternoon. By enabling After-Market Order, we want you to automate your investments, even on holidays! So, you can focus on more important things in life – finishing your mug of hot chocolate while we continue to work hard to make investing more enjoyable for you 🙂

Author

  • Vaibhav Jalan

    PM @smallcaseHQ| Loves Coffee | Dil se Coder | Finance Enthusiast | Appreciates Classic Rock

    View all posts

after-market orderamohdfcmarketstockstradingzerodha
Icon-Facebook Icon-Twitter
Download App

Vaibhav Jalan

PM @smallcaseHQ| Loves Coffee | Dil se Coder | Finance Enthusiast | Appreciates Classic Rock

You may want to read

​
No-Image

Safeguard measures to comply with RBI’s overseas investment limits for Mutual funds and ETFs

No-Image

Latest policy update at smallcase

“The use of the Site and the Services is subject to the applicable laws and regulations and the terms of...

What are the tax implications of investing in smallcases?

  • Previous postInterview with Karthik Rangappa, Head of Varsity by Zerodha
  • Next postGoodbye spreadsheets, hello Publisher

5 thoughts on “Introducing After-Market Orders”

  1. Pranay Gupta says:
    July 25, 2019 at 2:08 pm

    Hi,
    AMO is a great and useful feature.
    One question though – sometimes, at the instant when market opens, sometimes the offers or bids there are at values which arent a good representation of the price for the day. Since, in case of smallcase, the orders are sent as market orders, (vs limit orders), is there a way you are covering the risk of hitting an odd price in a market order?

    Reply
    1. Rahul Satish says:
      October 9, 2019 at 2:34 pm

      Hi Pranay – This depends on the broker – when they process the orders and whether they are avoiding the initial market volatility to ensure better fills. Having said that, smallcases are designed for long term with a portfolio approach, not stock specific entry/exit approach. On a portfolio level, odd fill risks are very minimal as different stocks get different types of fills and exposure is limited to weight of the stock in the portfolio

      Reply
  2. sudheer says:
    September 14, 2019 at 10:38 pm

    please enable AMO for rebalance updates.Whats the difficulty in that?

    Reply
    1. Rahul Satish says:
      October 9, 2019 at 3:59 pm

      Hi Sudheer – a rebalance order can contain batches of both buy and sell orders. The amount realised by selling stocks is used to buy the new set of stocks during rebalancing. In case of an AMO, since one cannot know how much amount you’d realised by selling the stocks (during rebalancing), insufficient realised funds can lead to unfilled orders for the buy batches. Hence, at the moment, orders that have both buy and sell batches in a single transaction (rebalance and manage orders) cannot be placed as AMOs.

      Reply
  3. Manish Shah says:
    October 28, 2021 at 10:27 am

    Two questions:
    1) why my broker kotak is posting SIP orders at 1pm? Can me as a user choose the time for the order based on market situation?
    2) why my broker kotak is not allowing to modify/create SMALLCASE during off market hours?

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

You must be logged in to post a comment.

Welcome back to smallcase blog

New here? Create an account

Forget password
or sign in with

Sign in with Google

Register for this site!

Sign up now for the good stuff.

Lose something?

Enter your username or email to reset your password.

or sign in with

Sign in with Google

Your subscriptions

Weekly wrapup of all investment news and alerts from the markets

Lost your password?
  • smallcase – Invest / SIP in stock portfolios
  • About
  • Disclaimer
  • Twitter