@Ragavendran_M @TheGouda @siva in Zeodha brokerage calculator only Equity delivery calculator is available but no option for MTF delivery trade calculator , can you please let me know , is there any calculator option for MTF delivery trade
@siva , What happens to the M2M loss amount that a client pays once the price returns to the purchase price? Can the client withdraw it?
yes, can withdraw.
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Zerodha changes leverages due to changes in volatility, CC margin Req change, may be thats why the calculator feature is not available as they would not be knowing what was the leverage provided, it may be created if person has to manually enter leverage provided in the calculator.
@siva can you please add leverage display in MTF order window, just as additional disclosure to users so that they can get idea of the leverage provided while placing the orders and update them as required rather than visiting the excel sheet everytime
Thank you, my concern or what i wanted to know was that , cost of doing trading in MTF and also want to know the break even if i trade in MTF , since only the short term trading in MTF is profitable .
And also as an out of the subject i would like to comment is that , i was wondering why " Grow" was over taken and growing exponentially is that , they respond unlike Zerodha , which has become , unresponsive , boring and restrictive
We show how much is required though in MTF, so you are saying you want to say how many times leverage for ex: 3 times or 4 etc?
You can check on MTF calculator here.
You mean we are unresponsive and restrictive? if yes, can you give reasons?
Yes it would be helpful
If users open order window and select MTF then just besides SCRIP code you may place this leverage (in times)
Or after current margin tab at the bottom it would be great
I know that this is just indicative P&L calculator, problem here is you guys are keeping blanket leverage rate for calculation
In the budget session you guys provided less leverage due to market risk right? You guys change this as per your RMS policy and as per statuory changes in leverage rules.
So if i was to buy TATAMotors generally having 4.4x leverage was available there round 2.5x/3x thus decreasing your funded value and hence all interest calculation goes wrong
Thats why i was insisting that
You can provide Leverage (in times) during order placement and tag it with the positions (MTF holdings) or disclose it more transparently in console, so user can see historical leverage rate at which the trade was executed for his/her decision making.
So that you can easily create calculator form by requesting following data as metrics
BUY Value
SELL value
Leverage (in times) : ( To bifurcate the amount funded by amount as per leverage ratio)
Holding duration (in days)
Brokerage
All other statutory charges
REMOVE choosing stock to guess leverage in times:
By using this you can get
â˘Total INTEREST for funded value
â˘Indicative and near accurate Profit and loss just as your Brokerage Calculator shows profit and loss at the end :
If possible can you send this feedback to your technical team or arrange a call
So we can make this a complete and onestop calculator for all product types
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No, it depends on stock.
Blanket change we did only once in last 6 months that is for budget.
On console funded value wonât change, it remains the same once order is executed.
Let me know if your queries are answered, if required I can arrange a call from one of my team member.
No sir, i bought 10 qty DMart for 3760 in November and required MTF margin was around 11000 which gives me leverage of ~3.4x leverage and now it has been changed to 4.4x & all calculation on that link you shared will bifurcate total margin in that leverage ratio and thus interest cost would be higher in that case , similarly vice versa ultimately it will not reflect my position true and fair and potentially lead any to wrong decisions
I made this excel calculator today can you please go through it so that it would be better to understand, platform does not allow excel files, no worries I am attaching a drive link
For MTF ledger along with the trades you can show availed leverage in times, so that for calculation it will be precise to find out P&L along with correct interest for for a trade in a scrip, because if a person is holding more than 1 scrip as MTF holding zerodha in interest statement shows interest accrued in blanket format & not trade wise ( per scrip wise)
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Hey I have created Excel based P&L calculator for mtf, for that you just need to mention the leverage ratio (in Times) and you have a fair idea about the trade and cost of executing it.
Please note that it is not accurate one it is just indicative one the actual charges may differ
One can use normal brokerage calculator for everything, for mtf use MTF calculator, only additional is 20 rs brokerage one side and 30 rs pledge,so thatâs like 70 rs additional per trade.
MTF calculator lacks correct leverage calculations as highlighted in my own Dmartâs case the interest component will be displayed incorrectly !
If you want i can provide tradebook logs
And instead of calculating in % of return i would simply love to calculate it in absolute numbers
I dont know why zerodha is reluctant to bring calculator in absolute terms
Please mention why DP charges dont take part in any of your calculations?
None of your calculators show DP charge and even pledge charges for MTF & simple brokerage calculator
Can you? also initially when you have checked leverage might be something else, so what exactly you want to know?
Net interest accrued after entering the trade
If the leverage rate changes then what is use of your calculator for decision making of existing position? It will provide only updated data, right?
I purchase dmart around november and leverage was ~3.7x and now it is 4.4x so this difference will affect my decision making as interest paid amount will be higher than actual ! Thus providing false image of the position
Can you please connect me with the team
Once position is taken leverage will remain the same for your position till you close it, funded value will remain the same so the interest that you have to pay remain same.
You will keep paying interest at 3.7X leverage only, only new position who has taken at 4.4X end up paying more as their funded value will be higher.
I hope you understood the logic, if not yet I can arrange a call.
Sir i am crystal clear that once trade is executed the leverage which i obtained is fixed until i close the position and any further addition to existing position or fresh position will lead to will attract margin as per situation at that time maybe more or less
My point is zerodha developed MTF calculator has everything but the problem is it is in % form and does not have option for old leverage positions to be evaluated as page is updated with the stock you select current leverage rate is used for calculation and created no value for person holding old position prior to leverage change !
Maybe i am unable to express my opinion in this it would be better to call and have a word, it may give conceptual clarity to both of us
Thank You Sir for your kind replay and let me check you excel calculator
I checked it , your calculator is almost near to it , but i think you need to consider double the charges like STT, SEBI charges , exchange TXN , if the duration of the holding is more then 1month it doesnât matters , issue is the shorter period of holding