Leading 10 Brokers Offering Margin Trading Facility (MTF) in India

Groww’s Margin Trading Facility is designed around transparency, simplicity, and position visibility. The platform allows investors to take leveraged delivery positions while clearly displaying the funded amount, investor contribution, interest cost, and margin requirements directly within the app.

Key Highlights

• Leverage: Up to 4× on eligible stocks
• Interest Rate: 0.041% per day (~14.95% annually)
• Brokerage: 0.1% per order
• Pledge Charges: ₹20 per order
• Holding Period: No fixed limit
• AMO Support: Place MTF orders after market hours
• Delivery Conversion: Convert MTF holdings to delivery anytime
• Live Shortfall Alerts: Real-time notifications for margin requirements
• Detailed Position View: Clear split between investor-funded and broker-funded amounts

Why Consider Groww?

Groww stands out for offering one of the more transparent MTF experiences in the market. Features like real-time alerts, detailed position visibility, and delivery conversion help investors actively manage leveraged positions while maintaining clarity around costs and risks.

2. Zerodha

Zerodha integrates Margin Trading Facility directly within the Kite platform. The experience is clean, minimal, and designed for investors who prefer straightforward execution without excessive complexity.

Key Highlights

• Up to 5× leverage on select NSE-listed stocks
• Interest Rate: 0.04% per day
• Brokerage: ₹20 or 0.3% per order
• Pledge Charges: ₹15 + GST per ISIN
• No fixed holding limit

What to Know?

Zerodha’s MTF is currently limited to NSE-listed stocks. Investors trading across both exchanges may need to factor this in while selecting a platform.

3. Upstox

Upstox follows a slab-based borrowing structure instead of percentage-based daily interest, making borrowing costs relatively predictable.

Key Highlights

• Up to 4× leverage
• ₹20/day per ₹40,000 funded
• Holding period up to 365 days
• Fully digital process
• App-based monitoring and execution

What Makes It Different?

Its fixed daily borrowing structure may appeal to investors who prefer simple cost calculations instead of fluctuating percentage-based interest.

4. Angel One

Angel One offers MTF across a broad set of approved stocks with flexible holding periods and transparent cost visibility.

Key Highlights

• Up to 4× leverage
• Interest Rate: 0.041% per day
• Brokerage: 0.1% or ₹20
• Pledge Charges: ₹20 + GST
• No fixed holding duration

What to Know?

Angel One periodically offers promotional interest rates for select users, though the standard daily borrowing cost still applies over longer holding periods.

5. Dhan

Dhan focuses heavily on active position management and execution speed. Its MTF interface provides real-time visibility into margins, interest costs, and eligible securities directly within the trading dashboard.

Key Highlights

• Up to 4× leverage
• Interest Rate: 0.04% per day
• Brokerage: ₹20 per order
• Pledge Charges: ₹12.5 + GST
• No fixed holding limit

Why Traders Consider Dhan?

The platform is built for users who actively monitor positions and want quick access to margin information without navigating multiple screens.

6. ICICI Direct

ICICI Direct combines MTF with a full-service brokerage ecosystem that includes research reports, advisory services, and integrated banking access.

Key Highlights

• Up to 4× leverage
• Interest starts from ~9.65% p.a.
• Holding period up to 360 days
• Margin through cash or pledged shares
• Research-backed platform

What to Know?

ICICI Direct may suit investors who prefer a traditional full-service brokerage experience alongside margin funding.

7. Kotak Securities

Kotak Securities offers MTF through the Kotak Neo platform with a fully digital onboarding and funding process.

Key Highlights

• Up to 4× leverage
• Interest starts from ~9% p.a.
• Holding period up to 365 days
• Integrated banking ecosystem
• Digital pledge process

Why Investors Consider It?

Kotak Neo combines margin funding with the convenience of a bank-backed financial ecosystem.

8. HDFC Sky

HDFC Sky provides Margin Trading Facility through HDFC Securities’ broader investment platform.

Key Highlights

• Up to 4× leverage
• Interest Rate: ~12% annually
• Holding period up to T+275 days
• Access to research-backed insights
• Integrated financial services

What to Know?

HDFC Sky may appeal to investors who already operate within the HDFC banking ecosystem and prefer integrated financial services.

9. Motilal Oswal

Motilal Oswal combines margin funding with research, advisory, and investment insights through its full-service brokerage model.

Key Highlights

• Up to 4× leverage
• Interest ranges from 9–18% p.a.
• Holding period up to 365 days
• Margin through cash or pledged holdings
• Research-backed recommendations

What to Know?

The platform is generally positioned towards investors who prefer advisory support alongside trading access.

10. 5paisa

5paisa offers a simple app-based MTF setup focused on accessibility and digital execution.

Key Highlights

• Up to 4× leverage
• Interest Rate: ~0.05% per day
• Holding period up to 365 days
• Fully digital onboarding
• App and web-based execution

Why Consider 5paisa?

5paisa offers a straightforward margin trading setup for users looking for a simple digital experience without extensive platform complexity.

Things to Consider Before Using MTF

Before opting for Margin Trading Facility, investors should evaluate a few important factors beyond just leverage.

1. Interest Costs Add Up Quickly
   Even small differences in daily interest rates can compound significantly if positions are held for weeks or months.
2. Margin Shortfalls Can Trigger Auto Square-Off
   If stock prices fall sharply and the required margin is not maintained, brokers may automatically sell holdings to recover dues.
3. Holding Period Matters
   Some brokers allow flexible holding durations, while others impose fixed limits on how long MTF positions can remain open.
4. Pledge Charges Can Increase Overall Costs
   Frequent pledging and unpledging across multiple stocks can meaningfully impact total trading costs over time.
5. Risk Management Tools Are Important
   Platforms offering live shortfall alerts, position visibility, and transparent cost tracking help investors manage leveraged positions more effectively.

Conclusion

Margin Trading Facility can improve capital efficiency and provide greater market exposure, but it also introduces additional risk through leverage and ongoing interest costs.

All the brokers listed above offer structured MTF products with varying strengths across pricing, usability, holding flexibility, and research support. Among them, Groww stands out for its transparent pricing structure, detailed position visibility, and fully digital user experience, making it one of the more accessible platforms for managing margin-funded positions efficiently.

Ultimately, the right MTF platform depends on your trading style, holding period, and risk appetite. Investors should always understand the associated costs, monitor leverage carefully, and use margin trading responsibly.

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