Are there any hidden charges associated with MTF other than interest?
Apart from the 16% interest rate per annum, there are no hidden charges for using MTF. This transparency ensures users can plan their investments without worrying about unexpected costs.
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How often is interest charged on MTF positions?
Interest on MTF-funded positions is levied weekly, directly reflected in the client's ledger, allowing for straightforward tracking of finance charges.
What happens if I miss the interest payments for using MTF?
If you miss an interest payment, your MTF trading capability will be temporarily paused. There’s no permanent blacklist for this; simply settle the dues to reactivate your MTF access. For any queries or clarifications, kindly contact support.
What is the interest rate for MTF, and does it vary across different holding period?
The interest rate for the Margin Trading Facility (MTF) is 16% per annum, applicable uniformly across various holding periods including BTST (Buy Today Sell Tomorrow), swing trading, and long-term investments. This consistent interest rate simplifies ...
What is Margin Trading Facility (MTF)?
Margin Trading Facility (MTF) is a service that allows you to buy shares in CNC/Invest by only paying a part of the total value upfront, called the initial margin. The remaining amount will be funded by FYERS. For instance, if you want to purchase ...
Does verified P&L on FYERS include brokerage and other charges?
No, the verified P&L on FYERS showcases your gross profit or loss from trades and does not account for brokerage or other related charges. Its primary purpose is to offer a clear understanding of your trading performance before deducting any ...