SBI Securities has OneIndiaOnePlan which stipulates that for T+30 trading days, you don’t have to pay interest on MTF positions at all!
The catch ? They have high brokerage for MTF. 0.40% on both sides.
Let’s calculate -
Around 200 trading days. So, 200/30 = 6.6666 times you have to pay brokerage, if you do swing trading .
Total brokerage = 0.426.66 = 5.33%. That is total interest you have to pay in a year ???
How is that even possible ?