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.
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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.
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.
Are there withdrawal restrictions for using MTF?
When using the Margin Trading Facility (MTF) at FYERS, your ability to withdraw funds is limited by your mark-to-market (MTM) losses. This means: You can withdraw funds exceeding your MTM losses. The portion of funds covering your MTM losses will be ...
What's the maximum amount I can invest using MTF?
Each trader using MTF at FYERS will get an exposure of up to ₹25 lakh (updated from 11th December 2024). This limit is designed to help you leverage your investment strategies effectively while managing risks wisely.
Are there any hidden charges associated with MTF other than interest?
No, there are no hidden charges for using the Margin Trading Facility (MTF) apart from brokerage and statutory charges as outlined in the True to Label circular. This transparency ensures you can plan your investments confidently, without worrying ...