Yes, you can. To convert the MTF Position to Demat Holdings (Delivery) send us an email before the 90th day. Also, ensure you have enough funds to repay the borrowed amount along with any applicable charges, or else your request will be rejected.
Note: Only those Stocks which we receive as per the T+2 cycle can be converted to Demat Holdings (Delivery). Very soon, we will also provide an option on the Upstox app to convert your MTF Positions to Demat Holdings.