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.
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How long can I hold MTF positions?
MTF positions can be held at the trader's discretion without any specific time limit, offering flexibility in strategy execution. However, as per regulatory guidelines, if there's no transaction within 90 days, our Risk Management System (RMS) team ...
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 ...
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 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 RMS team will evaluate such positions for potential liquidation, emphasizing the importance of proper fund management.