Upstox MTF: 18.25% p.a. interest, 1,428 eligible stocks
Upstox charges ₹20/day per ₹40,000 slab (~18.25% p.a.) on the funded portion of an MTF position, accrued daily. Their list currently carries 1,428 stocks, with margin requirements starting at 20% (median 35%).
Stock list last read 15 Aug, 09:00 IST from Upstox’s published data.
Upstox MTF rate card
| Interest rate | ₹20/day per ₹40,000 slab (~18.25% p.a.) |
| Daily cost | ₹20 per ₹40,000 slab/day |
| Brokerage | 0.1% or ₹20/order (whichever is lower) |
| Pledge charges | ₹20 per stock (one-time) |
| Max holding period | 365 days |
| Max leverage | 4x |
| Square-off rule | Auto square-off if margin shortfall not met by T+4 |
From Upstox’s published schedule, last verified 2026-03-24. Rates change; confirm on Upstox’s site before trading.
What the interest actually costs
Simple interest at 18.25% p.a. on the funded amount, before GST where applicable. For contrast, the lowest verified rate we track is Dhan at 12.49% p.a.
| Holding period | ₹1 lakh funded | ₹5 lakh funded | vs Dhan (₹5L) |
|---|---|---|---|
| 30 days | ₹1,500 | ₹7,500 | ₹2,367 more |
| 90 days | ₹4,500 | ₹22,500 | ₹7,101 more |
| 180 days | ₹9,000 | ₹45,000 | ₹14,203 more |
Lowest-margin stocks on Upstox’s MTF list
The ten stocks where Upstox asks the least upfront. A 20% margin means ₹20,000 buys ₹1,00,000 of exposure.
| Stock | Margin required | Effective leverage |
|---|---|---|
| ABGSEC | 20% | 5.0x |
| ABSLLIQUID | 20% | 5.0x |
| ABSLNN50ET | 20% | 5.0x |
| ALPHA | 20% | 5.0x |
| ALPHAETF | 20% | 5.0x |
| ALPL30IETF | 20% | 5.0x |
| AONELIQUID | 20% | 5.0x |
| AONENIFTY | 20% | 5.0x |
| AONETMMQ50 | 20% | 5.0x |
| AONETOTAL | 20% | 5.0x |
Margins are Upstox’s own published per-stock requirements, refreshed daily. Full list with every broker side by side: MTF comparison table.
How Upstox compares
| Broker | MTF interest (p.a.) | Stocks on list |
|---|---|---|
| Dhan | 12.49% | 1,615 |
| Zerodha | 14.6% | 1,490 |
| Groww | 14.95% | 1,552 |
| Angel One | 14.99% | not tracked |
| Upstox | 18.25% | 1,428 |
| Kotak Neo | not verified | 1,671 |
| Paytm Money | not verified | 1,467 |
| Pocketful | not verified | 1,413 |
| Fyers | not verified | 746 |
| Anand Rathi | not verified | 1,557 |
| Bajaj Broking | not verified | 944 |
| Share India | not verified | 1,650 |
“Not verified” means we have not checked that broker’s headline rate against their schedule and will not guess it. “Stocks on list” is measured from each broker’s own published MTF list.
How Upstox’s list has moved
We started recording Upstox’s daily list size and margin profile on 15 August 2026; the day-by-day table appears here as the record accrues. Brokers publish only today’s list, so this running history exists only on this page.
Frequently asked questions
What is the MTF interest rate in Upstox?
Upstox charges ₹20/day per ₹40,000 slab (~18.25% p.a.), which works out to about ₹20 per ₹40,000 slab/day. On a ₹1 lakh funded amount held 30 days that is roughly ₹1,500 in interest, before GST where applicable. Rate as published on Upstox's schedule, last verified 2026-03-24.
What are Upstox's MTF charges per day?
₹20 per ₹40,000 slab/day. Interest accrues daily on the funded portion of the position and is charged as long as the position is held. Brokerage of 0.1% or ₹20/order (whichever is lower) applies on the trades themselves, and pledge charges are ₹20 per stock (one-time).
How long can I hold MTF shares with Upstox?
365 days. Auto square-off if margin shortfall not met by T+4.
How many stocks are on the Upstox MTF list?
1,428 stocks as of our latest daily read of Upstox's published list. The lowest margin requirement on the list is 20% and the median is 35%, meaning at best you pay 20% of the position value upfront.
Is GST charged on MTF interest?
It depends on the broker: some levy 18% GST on the interest component, others absorb it. The interest figures on this page are before GST. Check the contract note of an actual MTF position for the definitive treatment at your broker.
Keep going
- Live MTF comparison - every broker’s margin on every stock, side by side
- Brokerage calculator - the full cost of the trades themselves
- Broker charges compared - delivery, intraday, F&O and AMC in one table
Educational comparison of published broker schedules, not investment advice. MTF is leverage: interest accrues daily whether the position works or not.