I was told one can place orders via API even now but documentation should be added very soon, sorry for the delay on this.
You have cancelled some ETF for MTF. Is it available in future?
Which one?
mon100, mafang, mahktech etf. Please give the answer.
Is it possible to pay off the leveraged margin some time after the trade and not have interest accrue since after that point?
how many days you sell mtf share for negative balance? My 1 stock is positive and 1 is negative. So, you sell both or only negative return stocks? and when will allow you these etf again? mon100, mafang, mahktech etf
Based on our RMS decision, so there is no exact answer.
As of now there is no conversion option but we will be offering it in coming months, after that one can simply convert what ever quantity taken in mtf to delivery.
Hi, the api documentation for MTF is still not added. Any ETA on when this will be done? Been waiting for a while now
Hi, when i sell mtf shares shouldn’t it be greyed out like how it’s for selling holdings. Seeing it not greyed out after selling and seeing profit loss moving isn’t nice. Please correct me if I’m missing something here.
This is greyed out on web, soon will be on app also. price movement will happen similar to CNC sell though.
Hi @siva ,
Could you please explain how the interest is calculated if there was an M2M Loss in the previous days. As per the FAQ’s of MTF, Opening Balance in the MTF Ledger is considered as funded amount for Interest calculation
scenario:
Jan 13th
trade was taken with zerodha funding 922.42
interest is 0 as the settlement of shares will happen on T+1
Jan 14th
opening balance in MTF Ledger is 922.42
M2M loss of 3 and it got debited in the eq ledger and credited in the MTF ledger.
Interest of 0.37 was debited in EQ ledger and interest statement was showing the funded value as 922.42 and 0.37 as interest which is matching with the FAQ statement
Jan 15th
Opening balance in MTF Ledger is 919.42
Trade is now profitable and M2M got reversed in the EQ and MTF ledger.
interest statement is showing the funded amount as 922.42 and interest is calculated on the amount of 922.42 and not 919.42
could you please explain why the funded amount is shown as 922.42 for Jan 15th instead of 919.42 in
interest statement.
Because we have funded 922.42, if there is a loss you will fund it hence we reduce by that, if not funded your account will go to negative and interest is charged on that, but if your share price increases above your initial buy our funding still stays at 922.42.
@siva so if there is M2M Loss and client funds the M2M Loss then obviously the opening balance for the next day will be reduced in the MTF Ledger and the interest will be always calculated on this funded amount as per the FAQ’s
How to check the interest charged on the funded amount by Zerodha?
The daily opening balance of the MTF ledger is considered the funded amount, which is used to calculate the interest rate of 0.04% per day.
But as per your statement on the loss
So irrespective of the M2M loss( Holding Coverage > 20% ), interest will be always calculated on the funded amount provided by zerodha on T day even if the client has paid all the M2M loss amount.
Could you please explain which statement is right as i am bit confused about the interest calculation here.
My bad, my statement was wrong, we keep charging interest on initial funded amount irrespective of what happens to stock till that position is closed.
Thanks @siva for the clarification.
Could you please ask your team to update the FAQ statement on the interest calculation that it will be always calculated on the funded amount by Zerodha on T day and not on the opening balance of MTF ledger.
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I have lots of beginner level doubts on the whole thing and do not want to hijack your time.
Is there a varsity course or circular which can explain with anecdotes and illustrations?