General

What are the costs involved while transacting in Pay Later- MTF?

There are 3 kinds of costs involved while transacting in MTF

1. Brokerage cost: The brokerage rate charged for MTF transactions is as per your existing delivery rates. This rate can go as low as 0.07%, depending on your brokerage plan. You can check you plan on Mobile App by visiting the Menu section -> At Your Service -> Brokerage Plan

2. Interest charges: Interest is charged on the funded amount availed for creating the MTF position. You will be charged interest daily for the number of days in MTF. The interest rate can be as low as 0.0265% per day (9.65% p.a) and can go up to 0.049% per day (17.99% p.a), depending on the brokerage plan chosen. Don’t forget to factor in interest cost while calculating your potential returns or losses before exiting

3. Pledge Charges: To hold positions in MTF for more than a day, your shares have to be pledged. You are charged ₹25 +GST on every pledge instruction. This charge is applicable both at the time of pledge creation while buying stocks and at the time of selling the MTF positions for pledge closure / invocation.