MPP, or Market Price Protected, is like having a shield that stops the price from going too high when you buy something on AngelOne.
Imagine you're at a candy store, and you really want a chocolate bar. The price starts at ₹10, but suddenly everyone wants it, so the price jumps to ₹20. If you had Market Price Protected, it would still cost you ₹10, like having a special ticket that locks in the price before it goes up.
How It Works
When you use MPP, you're telling AngelOne, "I want this stock, but I don’t want to pay more than what I agreed on." So even if the market gets busy and the price goes up, your deal stays the same, just like a promise between you and the store.
Why It’s Useful
It's like when you buy ice cream before it gets too hot outside. You know the price will go up later, so you get it at a better rate now. MPP helps you do that with stocks, protecting your money from sudden price jumps.
Examples
- Imagine you buy a stock at ₹100 and set MPP to ₹120, so if the price drops below ₹120, you get your money back.
- It's like having a safety net for your investments on AngelOne.
- You protect yourself from losing more than what you expect.
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