Interest rates, leverage, eligible-stock counts and charges for the top brokers offering Margin Trading Facility. Rates are typical/headline figures and vary by plan, portfolio size and holding tenure - always confirm the current rate on the brokers site before trading.
Based on publicly available information - for actual details, please visit respective brokers website.
KN
Kotak Neo
Among the lowest entry rates; flexible plans
MTF interest rate9.69% – 17.99% p.a.
Max leverageUp to 5x
Eligible stocks1,300+
BrokerageRs 0 – Rs 20/order
Holding periodNo fixed limit
ZE
Zerodha
India's largest broker by revenue and profit; flat, transparent rate
MTF interest rate~14.6% p.a. (0.04%/day)
Max leverageUp to 5x (select stocks)
Eligible stocks900+
BrokerageRs 20 or 0.03%/order
Holding periodNo fixed limit
AO
Angel One
Slab-based pricing, rate depends on funded amount
MTF interest rate~14.99% p.a. (slab-based)
Max leverageUp to 4x
Eligible stocks1,000+
BrokerageRs 20/order
Holding periodFlexible
GR
Groww
India's largest broker by active clients (overtook Zerodha in 2023)
MTF interest rate~14.95% p.a. (0.041%/day)
Max leverageUp to 4x
Eligible stocks900+
BrokerageRs 20/order
Holding periodNo fixed limit
UP
Upstox
Slab model: ~Rs 20/day per Rs 40,000 borrowed
MTF interest rate~20.86% p.a. (slab-based)
Max leverageUp to 4x
Eligible stocks800+
BrokerageRs 20/order
Holding periodFlexible
ID
ICICI Direct
Backed by ICICI Bank; widest eligible-stock list among full-service brokers
MTF interest rate9.65% – 17.99% p.a.
Max leverageUp to 4x
Eligible stocks1,400+
Brokerage0.05% – 0.55%
Holding periodFlexible
MO
Motilal Oswal
Long holding window; research-backed picks
MTF interest rateCompetitive, slab-based
Max leverageUp to 4x
Eligible stocks900+
Brokerage0.10% – 0.30%
Holding period365+ days
HS
HDFC Sky
Backed by HDFC Securities; introductory zero-interest window
MTF interest rate0% for first 30 days, then competitive
Max leverageUp to 4x
Eligible stocks900+
BrokerageRs 20/order
Holding periodFlexible
5P
5paisa
App-first, fully digital pledge and funding flow
MTF interest rate~18% p.a. (0.05%/day)
Max leverageUp to 4x
Eligible stocks700+
BrokerageRs 20/order
Holding periodFlexible
BB
Bajaj Broking
Backed by Bajaj Finserv; growing MTF eligible-stock list
MTF interest rateCompetitive, slab-based
Max leverageUp to 4x
Eligible stocks900+
BrokerageRs 20/order
Holding periodFlexible
M(
m.Stock (Mirae Asset)
Slab-based: lower rate for larger funded amounts; backed by Mirae Asset
MTF interest rate~10% – 15% p.a. (slab-based)
Max leverageUp to 4x
Eligible stocks900+
BrokerageFlat-fee plans available
Holding periodFlexible
DH
Dhan
Slab pricing from 12.49% p.a. for funded amounts up to Rs 5 lakh; widest eligible-stock list
MTF interest rate~12.49% p.a. (slab-based)
Max leverageUp to 4x, up to Rs 5 Cr
Eligible stocks1,700+
BrokerageRs 0 – Rs 20/order
Holding periodFlexible
SS
SBI Securities
Backed by India's largest bank; interest applies after 23rd trading day on some plans
MTF interest rate~14.6% p.a. (0.04%/day)
Max leverageUp to 4x
Eligible stocks900+
Brokerage0.10% – 0.50%
Holding periodFlexible
HS
HDFC Securities
Backed by HDFC Bank; research-backed recommendations
MTF interest rate~12% p.a. (0.0329%/day)
Max leverageUp to 4x
Eligible stocks900+
Brokerage0.10% – 0.50%
Holding periodFlexible
SH
Sharekhan
Backed by Mirae Asset; full-service research-led broker
MTF interest rate~18% p.a. (0.0493%/day)
Max leverageUp to 4x
Eligible stocks900+
Brokerage0.10% – 0.50%
Holding periodFlexible
IS
IIFL Securities
Full-service broker with research and advisory desk
MTF interest rateCompetitive, plan-based
Max leverageUp to 4x
Eligible stocks900+
Brokerage0.05% – 0.50%
Holding periodFlexible
AD
Axis Direct
Backed by Axis Bank; 3-in-1 account integration
MTF interest rateCompetitive, plan-based
Max leverageUp to 4x
Eligible stocks900+
Brokerage0.10% – 0.50%
Holding periodFlexible
EN
Edelweiss / Nuvama
Full-service broker with wealth-management focus
MTF interest rateCompetitive, slab-based
Max leverageUp to 4x
Eligible stocks800+
Brokerage0.10% – 0.50%
Holding periodFlexible
FY
Fyers
Popular with active traders for charting and API tools
MTF interest rate~14.6% – 18% p.a.
Max leverageUp to 4x
Eligible stocks800+
BrokerageRs 20/order
Holding periodFlexible
PM
Paytm Money
Newer entrant; launched MTF ("Pay Later") with introductory pricing
MTF interest rate~12% p.a. (introductory; standard rates may apply)
Max leverageUp to 4x
Eligible stocks~1,000
BrokerageRs 20/order
Holding periodFlexible
LE
Lemonn
Newer discount broker with competitive MTF pricing
MTF interest rate~10.95% p.a. (0.0273%/day)
Max leverageUp to 4x
Eligible stocks700+
BrokerageLow-cost / discount
Holding periodFlexible
AL
AliceBlue
Discount broker popular with algo and API traders
MTF interest rate~14-16% p.a.
Max leverageUp to 4x
Eligible stocks700+
BrokerageRs 15 – Rs 20/order
Holding periodFlexible
RU
Rupeezy
Newer discount broker positioning on low MTF rates
MTF interest rate~10.95% p.a. (0.03%/day)
Max leverageUp to 4x
Eligible stocks700+
BrokerageRs 20/order
Holding periodFlexible
CB
Choice Broking
Full-service broker with growing digital platform
MTF interest rateCompetitive, plan-based
Max leverageUp to 4x
Eligible stocks700+
Brokerage0.05% – 0.50%
Holding periodFlexible
Side-by-side comparison
Sorted by lowest headline interest rate. Click a header to re-sort.
Broker
MTF interest rate
Max leverage
Eligible stocks
Brokerage
Holding period
HSHDFC Sky
0% for first 30 days, then competitive
Up to 4x
900+
Rs 20/order
Flexible
IDICICI Direct
9.65% – 17.99% p.a.
Up to 4x
1,400+
0.05% – 0.55%
Flexible
KNKotak Neo
9.69% – 17.99% p.a.
Up to 5x
1,300+
Rs 0 – Rs 20/order
No fixed limit
M(m.Stock (Mirae Asset)
~10% – 15% p.a. (slab-based)
Up to 4x
900+
Flat-fee plans available
Flexible
LELemonn
~10.95% p.a. (0.0273%/day)
Up to 4x
700+
Low-cost / discount
Flexible
RURupeezy
~10.95% p.a. (0.03%/day)
Up to 4x
700+
Rs 20/order
Flexible
HSHDFC Securities
~12% p.a. (0.0329%/day)
Up to 4x
900+
0.10% – 0.50%
Flexible
PMPaytm Money
~12% p.a. (introductory; standard rates may apply)
Up to 4x
~1,000
Rs 20/order
Flexible
DHDhan
~12.49% p.a. (slab-based)
Up to 4x, up to Rs 5 Cr
1,700+
Rs 0 – Rs 20/order
Flexible
ALAliceBlue
~14-16% p.a.
Up to 4x
700+
Rs 15 – Rs 20/order
Flexible
ZEZerodha
~14.6% p.a. (0.04%/day)
Up to 5x (select stocks)
900+
Rs 20 or 0.03%/order
No fixed limit
SSSBI Securities
~14.6% p.a. (0.04%/day)
Up to 4x
900+
0.10% – 0.50%
Flexible
FYFyers
~14.6% – 18% p.a.
Up to 4x
800+
Rs 20/order
Flexible
GRGroww
~14.95% p.a. (0.041%/day)
Up to 4x
900+
Rs 20/order
No fixed limit
AOAngel One
~14.99% p.a. (slab-based)
Up to 4x
1,000+
Rs 20/order
Flexible
5P5paisa
~18% p.a. (0.05%/day)
Up to 4x
700+
Rs 20/order
Flexible
SHSharekhan
~18% p.a. (0.0493%/day)
Up to 4x
900+
0.10% – 0.50%
Flexible
UPUpstox
~20.86% p.a. (slab-based)
Up to 4x
800+
Rs 20/order
Flexible
MOMotilal Oswal
Competitive, slab-based
Up to 4x
900+
0.10% – 0.30%
365+ days
BBBajaj Broking
Competitive, slab-based
Up to 4x
900+
Rs 20/order
Flexible
ISIIFL Securities
Competitive, plan-based
Up to 4x
900+
0.05% – 0.50%
Flexible
ADAxis Direct
Competitive, plan-based
Up to 4x
900+
0.10% – 0.50%
Flexible
ENEdelweiss / Nuvama
Competitive, slab-based
Up to 4x
800+
0.10% – 0.50%
Flexible
CBChoice Broking
Competitive, plan-based
Up to 4x
700+
0.05% – 0.50%
Flexible
Disclaimer. Information on this page is for general comparison only and may not reflect the latest rates, plans or eligible-stock lists, which change frequently. IndiaMTF.com is not a SEBI-registered intermediary or adviser and is not affiliated with any broker named here. Verify all details directly with the broker before opening an account or trading. MTF is leveraged and can amplify losses.
