Swing Traders Pain for MTF (Margin Trading Facility) E-Margin

General
68

Please include me too, whenever you start MTF. I have been trading with Zerodha, and like it. But some of my strategies requie MTF, and would definitely like to try it out.

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69

I have never ever found anything like zerodha it is the broker with the simplest UI, i really want you guys to include MTF in zerodha, people with low capital, Want to do this business seriously really need it, i am trading on zerodha from 3 years and zerodha improved way way way more than any other brokers out there, i really appreciate your effort and hard work, please include me in MTF beta if possible i’d love to be the part of it. “BRING MTF ON ZERODHA”

2 Likes
70

LAS or Loan against Security is available in this link . I have not used yet and not sure about the pain points but sharing for reference .
Website : https://zerodhacapital.com
FAQ : FAQ (LAS) – Zerodha Capital
Approved list of securities : Approved list of securities (LAS) – Zerodha Capital
Haircut : 55 %
Liquidcase also included in the list

71

@VenuMadhav @nithin

How Long?

Waiting…

1 Like
72

Coming… :slight_smile:

5 Likes
73

Heyo, I hate to bug you, but this has been a long time coming ;p. Any rough time line or progress at all?

1 Like
74

It is right now in testing.

We will announce getting beta testers here on tradingqna.

3 Likes
75

That’s a big relief, and needless to say I’d apply for a being a beta tester too.

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76

MTF beta testing started ? would like to appy

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77

Hi @nithin ,

  1. ETF (like Nifty ETF) can be used as a collateral to avail this facility?
  2. Using MTF shall we can Buy Niftybees or other ETF?
  3. If the Interest rate is higher than 10 Perc , is it advisable to use it for ETF investment .Since returns (Nifty ETF) will be same or lower than Interest ?
78

Groww started MTF facility

Screenshot 2024-06-12 at 6.41.48 AM
Screenshot 2024-06-12 at 6.41.48 AM688×814 19.8 KB

1 Like
79

how much is the yearly interest charges for MTF and any brokerage for MTF transactions?

2 Likes
80

I don’t know if MTF makes sense for ETFs. If the interest is 18%, it doesn’t add up.

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81

@nithin Just followed this topic and found that if MTF available in zerodha its only available for selected client’s is that ture and any time line for same is beta started?

1 Like
82

Groww is charging 0.05% interest per day, or 18.25% annualized; makes little to invest with Groww with such a high hurdle rate to capture the return spread.

Few things have to come together for a good MTF bet.

  1. Competitive interest rate: mStock is good that way; it charges 9.99%, but the platform and customer service is awful.
  2. Unlimited holding period
  3. MTF to delivery option
2 Likes
83

Hi @NK246 ,

GST component also be there .

84

If someone is doing 50-50 then the effective interest rate is 9% for the full position which is pretty bad no?

85

I Think there are some use case for MTF , My purpose is not one of them . I am not aware , Our senior members can guide us on these scenarios . Thanks in advance …

86

I have been using MTF in Angel and Mstock.
Angel Benefits - Good platform
Mstock Benefits - Good Rates

Any rate above 12% is not feasible. It might look attractive when you are having a winning streak or in bull market. Mstock rates are pretty good, I am okay with buggy platform. We can’t get everything at low rates. Also one more thing to consider is the period of interest deduction. Some brokers deduct interest on daily basis(Mstock) while some do it on weekly, fortnight basis(Angel).

1 Like
87

Dhan’s interest is 16$ annualised, excluding GST.