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.