# MTF Trading

> Independent data and plain guides on India's Margin Trading Facility (MTF): the all-in cost at 14 brokers, the daily MTF book since 2017, per-stock MTF money, and the rules. Latest market data: 2 Nov 2026. Not investment advice.

Figures are dated on every page. Market data comes from NSE/BSE disclosures via mtf.trading (CC BY-SA 4.0); broker charges come from each broker's own website, with the source and check date on each broker page. Brokers are listed in one fixed order and are never ranked. When citing, name the page and the date of the figure, as shown at https://mtftrading.in/about.

## Key pages

- [Today's MTF book](https://mtftrading.in/): overview of the market, with the book, buying and selling
- [MTF book since 2017](https://mtftrading.in/market): daily book, NSE and BSE
- [MTF cost calculator](https://mtftrading.in/compare): all-in cost at 14 brokers for any amount and days
- [Charges and rules by broker](https://mtftrading.in/brokers): every fact with its source and date
- [All stocks on MTF](https://mtftrading.in/stocks/all): MTF money per stock
- [Eligible stocks](https://mtftrading.in/stocks/eligible): the exchanges' monthly lists
- [About, sources and how to cite](https://mtftrading.in/about): where the numbers come from and when they update

## Guides

- [Is MTF ever worth it?](https://mtftrading.in/learn/is-mtf-worth-it): Only if the share rises by more than the cost of the loan, soon enough, and you can handle a margin call if it falls instead.
- [What is a margin call in MTF?](https://mtftrading.in/learn/margin-call): When a share price falls, your broker can ask you to add money or shares. If you don’t, it can sell your shares, often at a bad price.
- [What should you check before using MTF?](https://mtftrading.in/learn/mtf-checklist): Know your all-in cost, set a rupee limit, keep spare cash for a margin call, and decide where you’ll sell before you buy.
- [Which stocks are eligible for MTF?](https://mtftrading.in/learn/mtf-eligible-stocks): Only Group I stocks and equity ETFs: the most traded ones. For Nov 2026, that is 2,502 different stocks across NSE and BSE, and each broker picks its own list from them.
- [What are the hidden costs of MTF?](https://mtftrading.in/learn/mtf-hidden-costs): Interest isn’t the whole bill. Brokerage, pledge, unpledge, DP charges and GST add about ₹98 in this example.
- [What does MTF interest add up to over a year?](https://mtftrading.in/learn/mtf-interest-over-a-year): 0.05% a day sounds small, but it is about 18.25% a year: ₹18,250 on every ₹1,00,000 you borrow.
- [How is MTF interest charged?](https://mtftrading.in/learn/mtf-interest): Daily, on the money your broker lends you, until you sell. At 0.04% a day, borrowing ₹1,00,000 costs about ₹40 a day.
- [Can you lose more than you invested with MTF?](https://mtftrading.in/learn/mtf-loss-math): Yes. The broker’s loan must be repaid whatever the shares are worth, so a large fall can cost more than the money you put in.
- [Why is MTF risky?](https://mtftrading.in/learn/mtf-risks): It multiplies your losses as well as your gains, charges interest every day, and lets the broker sell your shares if prices fall too far.
- [What are the rules for MTF?](https://mtftrading.in/learn/mtf-rules): Only the most traded stocks qualify, you pay a margin based on each stock’s risk, and the shares stay pledged to your broker. If the price falls, you top up or the broker sells.
- [How is MTF taxed?](https://mtftrading.in/learn/mtf-tax): Profits on shares bought with MTF are taxed like any listed shares: 20% if sold within 12 months, 12.5% on long-term gains above ₹1.25 lakh. Whether you can deduct the interest isn’t settled for most investors.
- [MTF, delivery or F&O: which fits?](https://mtftrading.in/learn/mtf-vs-delivery-and-fno): Delivery is the simplest: you pay in full and there’s no running cost. MTF lets the same cash buy more shares but charges daily interest and magnifies losses. F&O gives leverage without owning shares, and most individuals lose money on it.
- [How do pledging and haircuts work in MTF?](https://mtftrading.in/learn/pledge-and-haircut): Your MTF shares stay in your demat but are pledged to the broker until you repay. Shares you offer as margin count for less than their market value: that cut is the haircut.
- [What is MTF?](https://mtftrading.in/learn/what-is-mtf): MTF (Margin Trading Facility) lets you buy shares by paying part of the price. Your broker lends you the rest, keeps the shares pledged, and charges interest every day until you sell.
- [Which brokers offer MTF in India?](https://mtftrading.in/learn/which-brokers-offer-mtf): 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.

## Market data

- [Broker books](https://mtftrading.in/market/brokers): how much each broker has lent under MTF
- [Commercial paper](https://mtftrading.in/market/cp): how brokers fund MTF
- [Risk](https://mtftrading.in/market/risk): forced-selling days and the leverage stress index
- [Margin signal](https://mtftrading.in/market/signal): what happened to stocks after heavy MTF buying
- [Records](https://mtftrading.in/market/records): all-time extremes
- [Reports](https://mtftrading.in/market/reports): daily, weekly, monthly, quarterly and yearly

## Data files

- [Key facts and every guide, as plain text](https://mtftrading.in/llms-full.txt)
- [Daily MTF book (CSV)](https://mtftrading.in/data/mtf-daily.csv): CC BY-SA 4.0
- [Stocks (CSV)](https://mtftrading.in/data/stocks.csv): CC BY-SA 4.0
- [Broker charges (CSV)](https://mtftrading.in/data/brokers.csv)

## Optional

- [Site map](https://mtftrading.in/sitemap)
- [XML sitemap](https://mtftrading.in/sitemap.xml)