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What are the charges for buying/selling using MTF on m.Stock?

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What are the charges for buying/selling using MTF on m.Stock?

Have you heard of margin trading facility (MTF) and wondered how it can enhance your purchasing power? MTF is designed to increase investors' purchasing power by having a minimum amount in the account. However, it's important to understand how they work and the brokerage charges. Keep reading to find out more about MTFs and how they could benefit your trading strategy.

What is Pay Later (MTF)

Pay Later lets you borrow money from a broker to purchase securities with just a click of a button. It's like having a personal genie to amplify your investing power without needing a lamp. So whether you're a seasoned pro or new to trading, Pay Later is your key to unlocking the market's full potential.

Why should you choose m.Stock’s Pay Later facility?

Pay Later gives more buying power to investors, takes it to the next level by providing funding up to 80% of the position in exchange for one of the lowest interest rates of 6.99% p.a.

Let us look at the charges related to MTF on m.Stock:

ChargesPay Later (MTF)
Interest Rate6.99%—9.99% p.a.
Brokerage₹ 5 per order
Subscription FeeZero
Pledge ChargesZero for pledge creation, ₹32 for unpledging shares
GST18% on (brokerage + transaction charges)
DP (Depository Participant) Charges₹18 + GST per ISIN per transaction per day will be charged as DP charges for sell transactions charged by CDSL & m.Stock

Pay Later (MTF) interest slabs (per day)

  • Above ₹5 crore 0.0192%

  • Above ₹25 lakh to ₹5 crore 0.0274%

  • Up to ₹25 lakh 0.0411%

Here are 7 reasons for you to choose Pay Later (MTF) with m.Stock

Featuresm.StockIndustry
Interest rateStarting from 6.99% p.a.Up to 18% p.a.
Holding PeriodUnlimited365 days
Funding %Up to 80%50%—70%
PledgingPre pledgePost pledge
Pledge chargesZeroUp to ₹35
Subscription Charges₹0Up to ₹10,000
Hidden ChargesNo Hidden ChargesOther subscription charges

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FAQ

How much funding can I avail with Pay Later (MTF)?

You can avail up to 80% of the position you wish to invest in. However, the amount is different for different stocks.

What are brokerage charges for buying/selling using MTF?

m.Stock offers its MTF service with one of the lowest brokerage charges.

Can I use Pay Later (MTF) with Margin pledge? What will be the interests?

Yes. You can use Pay Later (MTF) with Margin pledge to take positions in delivery. The interest charged on the funded amount through Pay Later (MTF) would be 6.99%—9.99% p.a. as per the DPC slab. However, if the client has both cash and pledged shares, in case of a shortfall, the balance will be covered with the pledged amount and interest of 24% p.a. will be charged.