Which brokers offer MTF in India?
Most large Indian brokers do. We track 14: Zerodha, Groww, Dhan, Angel One, Upstox, Kotak Neo, ICICI Direct, Paytm Money, HDFC Sky, m.Stock, Fyers, SBI Securities, 5paisa, Motilal Oswal.
What we track
| Brokers compared | 14 |
|---|---|
| Example amount in the table | ₹1,00,000 |
Every figure comes from the broker’s own website, with its source and check date on the broker page.
What does each broker offer?
Here are the 14 brokers we track, with the rate for ₹1 lakh borrowed, the leverage they advertise and how many stocks they say they cover.
| Broker | Rate on ₹1 lakh | Leverage | Stocks |
|---|---|---|---|
| Zerodha | 0.04% a day | 5x | 1,500+ |
| Groww | 14.95% a year | 4x | Not published |
| Dhan | 12.49% a year | 4x | 1,700+ |
| Angel One | 0.041% a day | 4x | Not published |
| Upstox | 0.05% a day, charged per ₹40,000 block | 5x | 1,500+ |
| Kotak Neo | 9.69% a year | 4x | 1,500+ |
| ICICI Direct | 0.0493% a day (17.99% a year) | 4x | 1,500+ |
| Paytm Money | 7.99% a year | 4x | 1,200+ |
| HDFC Sky | 12% a year | 5x | 1,500+ |
| m.Stock | from 8.99% a year | 4x | 1,100+ |
| Fyers | 16.49% a year | Not published | Not published |
| SBI Securities | from 0.04% a day | 4x | Not published |
| 5paisa | 0.041% a day (14.99% a year) | 4x | 1,500+ |
| Motilal Oswal | 0.041% a day (15% a year) | 4x | 1,000+ |
This is our usual order, based on how often people search for each broker. It isn’t a ranking.
Why don’t all brokers offer the same stocks and funding?
The exchange’s list and margin are the starting point. Each broker then decides what it will fund, and how much, within its own limits.
A broker’s total lending is capped too. See the limits on broker lending.
What should you compare?
The all-in rupee cost for your amount and days, the stocks you actually want, and how the broker handles margin calls.
The cost calculator does the first one. For the others, read each broker page and the broker’s own policy.
Sources: our broker comparison
How big is each broker’s MTF book?
Many brokers disclose it. It shows how much they have lent, not how good or cheap they are.
See the figures on our broker books page, in the same fixed order.
Sources: our broker books page