If increasing your buying power by 4X excites you to trade in Margin Trading Facility but skeptical about the associated charges, you are at the right place. Know about our low costs on MTF trading here.
As you know, MTF by Angel One lets you trade more. And, you will be charged an Interest rate of 0.049% per day (18% per annum) on the borrowed amount.
Angel One levies interest only from the 2nd day onwards after you have placed an MTF trade, till the outstanding amount is cleared, and/or your position is squared-off.
With MTF Pledging, when you raise a request to Pledge or Unpledge your shares, a charge of Rs 20/- plus GST will apply per ISIN.
Also, remember that MTF Facility is applicable ONLY for trading in equity shares/stocks.
Now that you are aware of the affordable MTF trading charges of Angel One, trade more with up to 4X buying power.
FAQs
What is Margin required?
Margin required is the amount you need to pay initially to buy stocks under margin products. Margin amount can be paid either in the form of Cash, or by pledging your holdings (margin pledge).
What is the Interest rate charged for MTF?
An Interest rate of 0.049% per day (18% per annum) is charged on the borrowed amount.
How long can I hold the stocks purchased via MTF?
You can hold your position under MTF for Maximum of 90 days. Post 90 days, your position will be squared off based on script wise aging to the extent of the debit overdue 90 days.
When will I start incurring interest charges?
Interest is levied from the 2nd day onwards after placing an MTF trade until the outstanding amount is cleared and/or your position is squared-off.
What are the charges for Pledging/Un-pledging shares under MTF?
When you raise a request to Pledge or Un-pledge your shares, a charge of Rs 20/- plus GST is levied per scrip.
What is the deadline to complete the MTF Pledge Process?
You need to pledge your respective shares by 9 pm on the same day. In case you do not do so, the same will be squared off on T+7 days.
