Is security list of 287 is that final or only for initial testing?
386 Scrips are available now for MTF, it will be increased once we go live.
Mine hasnât been activated. Client id - BS2506
Dmed you the details.
Weâre planning to open up MTF to all Zerodha users this month itself.
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hey zerodha can you create separate MTF console rather than mixing up original holdings
By next week this should be available.
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One suggestion,
I dont know whatâs the actual statutory requirement.
In FAQ it was mention that in case of corporate actions like splits and bonus issues existing mtf positions will be squared of compulsory.
Can we maintain the position as it is via auto pledging the bonus shares caused by mtf positions and likewise for the splits. As split or bonus issue doesnât bring change in the investment value of a investor it is just for presentations and discloses or capitalisation of reserves in case of bonus and split. And hence ultimately it will not affect the amount of loan or leverage provided by zerodha for mtf positions.
For example
if DMart (ex : CMP=5000)comes with 1:1 bonus issue price will theoretical reduce to 50% of existing market value.
If investor buys one share of DMart
And hypothetically the average provided is 5x
Then investor will pay only 20% of the full margin required, here 4000 is funded by zerodha.
And post ex date shares will be trading half the price and investable get additional benefit of 1 share, and now if that additional share received by original MTF position then it can be auto pledged by the broker, resulting perpetuality of the position.
In case of demerger it can also be considered.
Hence if auto pledging shares is viable and compatible with the statutory compliance it may be considered
You can continue to hold an MTF position in case of a bonus or stock split. Weâre supporting these two, as mentioned in the FAQ (updated last week).
The problem with demergers is that there are too many uncertain points, like the unknown cost of acquisition before the ex-date, no fixed timeline for crediting demerger shares, demerger shares wonât be immediately part of the approved list for MTF, etc., which makes it difficult to support.
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Waiting for App support for MTF.
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Too much awaited updates,request team Zerodha for release the update as soon as possible.Maximum traders using mobile application for trading.
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Bought few shares yesterday under MTF but no pledge request recieved, i believe that it will be auto pledged
Re pledging stocks bought through MTF is allowed? If not then please block it as i just tried to do it is gone for process and if this proceeds it will be harmful for zerodha
Yes.
Update- From today again one need to update for few more weeks, seems CC ( clearing corporations) rolling back direct payout for some unexpected issues.
Stocks list in MTF is very short fyers provides 800 stock and Dhan providing 1000+ stocks and ETF in MTF.
I hope you also will increase the list of stocks under Mtf.
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Yes, we will increase it once we go live fully.
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I think Zerodha is waiting for the market to go bullish, then they will release the full version for everyone to ensure that users are safe.
Hi @siva , @VenuMadhav ,
MTF was activated to my account few days back and on last Friday 8th Nov I did a trade with MTF which was expected to settle on Monday but I see it was showing as short delivered yesterday due to CC issues. I was making small profit from the trade yesterday but was unable to sellâŚ
also I read that the interest is charged from T+1 day onwards, I was expecting itâll be calculated once the shares are settled in Demat but the charges deducted are from the immediate next day.
Also I see -ve balance in my funds as the trade is short delivered. Do I need to pay extra charges bcz of this -ve funds??
Thank you
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I do endorse it !
I got delivery yesterday late night, then to my position was converted into CNC, as the shares are demat, MTF conversion is possible? We can externally pledge it ?
If no pledging charges which were debited should also be reversed!
The credit of shares bought on November 8, 2024, via MTF has been belayed by the clearing corporation, resulting in the position being converted to CNC. Some of these shares have been delivered, while others will show under âShortâ in Kite holdings. If there arenât sufficient funds in your account, please add funds to avoid a square-off.