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Best Broker for MTF (Margin Trading) in India 2026

For Margin Trading Facility, the MTF interest rate dominates total cost on positions held for weeks. Ranked by headline MTF rate (verified March 2026).

  1. #1

    Dhan

    Lowest MTF interest (~12.49% p.a.), highest MTF limit and zero AMC — the MTF value leader.

    Delivery: ₹0 (free)F&O: ₹20/tradeMTF: ~12.49% p.a.AMC: ₹0 (free)
    Dhan charges & review →
  2. #2

    Zerodha

    ~14.6% p.a. MTF with no published limit and a transparent daily rate.

    Delivery: ₹0 (free)F&O: ₹20/tradeMTF: ~14.6% p.a.AMC: ₹300/year
    Zerodha charges & review →
  3. #3

    Groww

    ~14.95% p.a. with auto-pledge on purchase, ₹0 AMC.

    Delivery: ₹20/trade or 0.1% (whichever is lower)F&O: ₹20/tradeMTF: ~14.95% p.a.AMC: ₹0 (free)
    Groww charges & review →
  4. #4

    Angel One

    ~14.99% p.a. with a large eligible-stock list and bundled research.

    Delivery: ₹20/trade or 0.1% (lower, min ₹5)F&O: ₹20/tradeMTF: ~14.99% p.a.AMC: ₹0 first year, then ₹240/year
    Angel One charges & review →
  5. #5

    Upstox

    ~18.25% p.a. — highest of the five, but one-click activation and a 4x leverage cap.

    Delivery: ₹0 (free)F&O: ₹20/tradeMTF: ~18.25% p.a.AMC: ₹150/year
    Upstox charges & review →

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Rankings reflect Downstox's editorial assessment of verified public charges (March 2026) and are not paid placements. Verify current charges on each broker's site before opening an account.