What It Means
A delivery trade is buying or selling shares with the full amount paid upfront, taking actual ownership of them into your demat account — no borrowing, no pledge, no forced exit.
How It Works
Once you pay in full, the shares settle into your demat account on a T+1 cycle (one business day after the trade), and you own them outright with nothing pledged against a loan. There's no daily interest ticking, unlike MTF, and no expiry forcing you out, unlike an F&O contract — you hold for as long as you want.