MTF orders are subjected to 3 kind of charges
MTF pledging charges
Interest charges
Brokerage
Pledging charges
MTF buy transaction: You are charged ₹20 (plus GST) as pledging charges by CDSL
MTF sell transaction: You are charged ₹20 (plus GST) as un-pledging charges by CDSL
Note
- Stocks bought with MTF are pledged with CDSL to safeguard the interest of the broker in a situation where the client is unable to pay off the borrowed amount.
- These charges are applicable one time at the end of the day.
Interest charges
₹20/day for every slab of ₹40,000 taken as MTF
Interest charges are applicable per day till you exit the MTF position or until repayment
Example: You’ve taken ₹70,000 as Margin Trading Facility. Then you would pay ₹20/day (for the first ₹40,000)+ ₹20/day (for the other ₹30,000) which is a total charge of ₹40/day.
Brokerage
2.5% OR ₹20/order (whichever is lower)