Guys if you have used Zerodha’s MTF facility , could you please explain how its charged if the position is squared off on the same day. Do they charge interest for one day ?
I want to use MTF for intraday because GTT stop loss order is available. in intraday stop loss and target order is not possible in single order
Yes, you can use Zerodha’s MTF for intraday. If you square off the position on the same day, no interest is charged (interest starts from T+1). MTF brokerage applies (₹20 or 0.3%, whichever is lower), but no pledge/unpledge charges, since the stock isn’t held overnight. Also, it won’t get auto squared off like MIS you’ll need to close it manually.
Thanks.
can mtf buy after 3.20pm?
Yes, you can till 3:30 pm.
Hi
For intraday MTF trades, would the STT be 0.1% on both buy and sell sides. Or considered an intraday trade with 0.025% on sell sides only?
If you trade intraday, statutory charges are applied based on the intraday slab (0.025% on the sell side), not based on the product type you use.