Once MTF is activated, buying Stocks using MTF is easy. Just follow these steps:
Step 1: Log into your Upstox account
Step 2: Navigate to My Lists and select any MTF scrip mentioned there.
Step 3: Click on the Buy button and Choose ‘Delivery’ as the product type.
Step 4: You can locate the "Buy with 50% funds via MTF" checkbox on the Regular tab, or you can go to the MTF tab, input the order details, and then click on "Review Buy Order.
Step 5: On the MTF order summary page, click on the Submit order.
Step 6: You can review your MTF order by navigating to Portfolio → Positions → MTF tab.
Note:
1. MTF is only available for equity delivery orders.
2. When you place an MTF order, on the same day you will get a notification from Upstox to authorize the order on CDSL before 7.00 PM. Click on this notification to complete the authorization.
Detailed steps to authorize MTF through the mobile application
1. Log in to our mobile app
2. Click on the ‘Accounts’ tab
3. Navigate to Profile --> My Account--> Profile
4. Select ‘Action’.
5. Click on ‘MTF Authorization’
6. Click on ‘Authorize pending’
7. Click on ‘Continue to CDSL’
8. You will be redirected to the CDSL site where you need to enter the OTP sent on your registered mobile number and email id.
9. Verify the OTP and you will receive a notification confirming that ‘You have successfully authorized the trades”
Authorization is a mandatory step from CDSL. If you do not authorize your MTF trades before 7.00 PM on the same day, then we will convert your MTF trade to Delivery Holdings at the end of the next trading day and it will start reflecting under your Holdings from T+1 day. If you do not have sufficient funds after conversion to Delivery Holdings, we will have to recover the amount by selling your converted holdings by T+3 days.
Terms & Conditions Apply:
RIGHTS & OBLIGATIONS OF STOCK BROKERS & CLIENTS FOR MARGIN TRADING FACILITY (MTF) - NSE & BSE