Brokers

Compare MTF brokers in India

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.

Kotak Neo

Among the lowest entry rates; flexible plans
MTF interest rate9.69% – 17.99% p.a.
Max leverageUp to 5x
Eligible stocks1,300+
Brokerage₹0 – ₹20/order
Holding periodNo fixed limit
Visit Kotak Neo →

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+
Brokerage₹20 or 0.03%/order
Holding periodNo fixed limit
Visit Zerodha →

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+
Brokerage₹20/order
Holding periodFlexible
Visit Angel One →

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+
Brokerage₹20/order
Holding periodNo fixed limit
Visit Groww →

Upstox

Slab model: ~₹20/day per ₹40,000 borrowed
MTF interest rate~20.86% p.a. (slab-based)
Max leverageUp to 4x
Eligible stocks800+
Brokerage₹20/order
Holding periodFlexible
Visit Upstox →

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
Visit ICICI Direct →

Motilal Oswal

Long holding window; research-backed picks
MTF interest rate~0.041%/day (~15% p.a.)
Max leverageUp to 4x
Eligible stocks900+
Brokerage0.10% – 0.30%
Holding period365+ days
Visit Motilal Oswal →

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+
Brokerage₹20/order
Holding periodFlexible
Visit HDFC Sky →

5paisa

App-first, fully digital pledge and funding flow
MTF interest rate~18% p.a. (0.05%/day)
Max leverageUp to 4x
Eligible stocks700+
Brokerage₹20/order
Holding periodFlexible
Visit 5paisa →

Bajaj Broking

Backed by Bajaj Finserv; growing MTF eligible-stock list
MTF interest rateFrom 11.99% p.a. (plan-based)
Max leverageUp to 4x
Eligible stocks900+
Brokerage₹20/order
Holding periodFlexible
Visit Bajaj Broking →

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
Visit m.Stock →

Dhan

Slab pricing from 12.49% p.a. for funded amounts up to ₹5 lakh; widest eligible-stock list
MTF interest rate~12.49% p.a. (slab-based)
Max leverageUp to 4x, up to ₹5 Cr
Eligible stocks1,700+
Brokerage₹0 – ₹20/order
Holding periodFlexible
Visit Dhan →

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
Visit SBI Securities →

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
Visit HDFC Securities →

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
Visit Sharekhan →

IIFL Securities

Full-service broker with research and advisory desk
MTF interest rate~15% – 18% p.a.
Max leverageUp to 4x
Eligible stocks900+
Brokerage0.05% – 0.50%
Holding periodFlexible
Visit IIFL Securities →

Axis Direct

Backed by Axis Bank; 3-in-1 account integration
MTF interest rate18% p.a. (eMargin)
Max leverageUp to 4x
Eligible stocks900+
Brokerage0.10% – 0.50%
Holding periodFlexible
Visit Axis Direct →

Edelweiss / Nuvama

Full-service broker with wealth-management focus
MTF interest rate~24% – 30% p.a.
Max leverageUp to 4x
Eligible stocks800+
Brokerage0.10% – 0.50%
Holding periodFlexible
Visit Edelweiss / Nuvama →

Fyers

Popular with active traders for charting and API tools
MTF interest rate~14.6% – 18% p.a.
Max leverageUp to 4x
Eligible stocks800+
Brokerage₹20/order
Holding periodFlexible
Visit Fyers →

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
Brokerage₹20/order
Holding periodFlexible
Visit Paytm Money →

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
Visit Lemonn →

AliceBlue

Discount broker popular with algo and API traders
MTF interest rate~14-16% p.a.
Max leverageUp to 4x
Eligible stocks700+
Brokerage₹15 – ₹20/order
Holding periodFlexible
Visit AliceBlue →

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+
Brokerage₹20/order
Holding periodFlexible
Visit Rupeezy →

Choice Broking

Full-service broker with growing digital platform
MTF interest rateContact broker (not published)
Max leverageUp to 4x
Eligible stocks700+
Brokerage0.05% – 0.50%
Holding periodFlexible
Visit Choice Broking →

Interest rates and terms compiled from publicly available broker sources; last updated 25 July 2026. Rates change frequently — always confirm the current rate on the broker’s own site before trading.

Side-by-side comparison

Sorted by lowest headline interest rate. Click a header to re-sort.
BrokerMTF interest rateMax leverageEligible stocksBrokerageHolding period
HDFC Sky0% for first 30 days, then competitiveUp to 4x900+₹20/orderFlexible
ICICI Direct9.65% – 17.99% p.a.Up to 4x1,400+0.05% – 0.55%Flexible
Kotak Neo9.69% – 17.99% p.a.Up to 5x1,300+₹0 – ₹20/orderNo fixed limit
m.Stock (Mirae Asset)~10% – 15% p.a. (slab-based)Up to 4x900+Flat-fee plans availableFlexible
Lemonn~10.95% p.a. (0.0273%/day)Up to 4x700+Low-cost / discountFlexible
Rupeezy~10.95% p.a. (0.03%/day)Up to 4x700+₹20/orderFlexible
HDFC Securities~12% p.a. (0.0329%/day)Up to 4x900+0.10% – 0.50%Flexible
Paytm Money~12% p.a. (introductory; standard rates may apply)Up to 4x~1,000₹20/orderFlexible
Dhan~12.49% p.a. (slab-based)Up to 4x, up to ₹5 Cr1,700+₹0 – ₹20/orderFlexible
AliceBlue~14-16% p.a.Up to 4x700+₹15 – ₹20/orderFlexible
Zerodha~14.6% p.a. (0.04%/day)Up to 5x (select stocks)900+₹20 or 0.03%/orderNo fixed limit
SBI Securities~14.6% p.a. (0.04%/day)Up to 4x900+0.10% – 0.50%Flexible
Fyers~14.6% – 18% p.a.Up to 4x800+₹20/orderFlexible
Groww~14.95% p.a. (0.041%/day)Up to 4x900+₹20/orderNo fixed limit
Angel One~14.99% p.a. (slab-based)Up to 4x1,000+₹20/orderFlexible
5paisa~18% p.a. (0.05%/day)Up to 4x700+₹20/orderFlexible
Sharekhan~18% p.a. (0.0493%/day)Up to 4x900+0.10% – 0.50%Flexible
Upstox~20.86% p.a. (slab-based)Up to 4x800+₹20/orderFlexible
Motilal Oswal~0.041%/day (~15% p.a.)Up to 4x900+0.10% – 0.30%365+ days
Bajaj BrokingFrom 11.99% p.a.Up to 4x900+₹20/orderFlexible
IIFL Securities~15% – 18% p.a.Up to 4x900+0.05% – 0.50%Flexible
Axis Direct18% p.a. (eMargin)Up to 4x900+0.10% – 0.50%Flexible
Edelweiss / Nuvama~24% – 30% p.a.Up to 4x800+0.10% – 0.50%Flexible
Choice BrokingContact brokerUp to 4x700+0.05% – 0.50%Flexible
Disclaimer. Data sourced from daily margin trading disclosure provided by NSE and BSE. This website and page are meant for educational and information only — not investment advice. MTF is leveraged and can amplify losses. Rules, margins, rates and eligible-stock lists change; verify current details with your broker and SEBI/exchange circulars. IndiaMTF.com is not a SEBI-registered intermediary, broker, or investment adviser and has no affiliation with SEBI, NSE or BSE. Figures are reproduced from publicly disclosed exchange data, may be delayed or revised, and should be independently verified before any trading decision. Consult a SEBI-registered investment adviser before investing. 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.