How often is interest charged on MTF positions?
Interest on MTF-funded positions is levied weekly (7 days). The interest charges are reflected as a consolidated entry in the client's ledger, allowing for straightforward tracking of finance charges.
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How can I track MTF interest charges in my account?
All interest charges and payments related to MTF are clearly itemized in the 'Ledger' section under 'Reports' in the 'My Account' portal. This makes monitoring your financials straightforward and transparent.
What is Margin Trading Facility (MTF)?
Margin Trading Facility (MTF) is a service that allows you to buy shares by only paying a part of the total value upfront, called the initial margin. The remaining amount is funded by FYERS.For instance, if you want to purchase shares of a company ...
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 periods?
The interest rate for the Margin Trading Facility (MTF) is 18% 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 are the consequences of not maintaining sufficient funds for MTF positions?
You must maintain the required margins for MTF positions. In case of a shortfall, our risk team will evaluate such positions for potential liquidation, emphasizing the importance of proper fund management.