MTFTerminalFII/DIIMarketsFunds
BE

BEL (BEL) — MTF Margin Comparison

Exchange: NSE · Available on 4 brokers · Updated daily

Best MTF Rate: 23.02% on Dhan(4.3x leverage)

MTF Margin Comparison — BEL

Upstox
30.05%
Margin Required
Leverage3.3x
You Pay₹3,005
You Get₹10,000
Interest18.25% p.a.
Max Hold365 days
Zerodha
25.6%
Margin Required
Leverage3.9x
You Pay₹2,560
You Get₹10,000
Interest14.6% p.a.
Max HoldUnlimited
Groww
25.58%
Margin Required
Leverage3.9x
You Pay₹2,558
You Get₹10,000
Interest14.95% p.a.
Max HoldUnlimited
BEST
Dhan
23.02%
Margin Required
Leverage4.3x
You Pay₹2,302
You Get₹10,000
Interest12.49% p.a.
Max HoldUnlimited

BEL — Complete Broker Comparison

ParameterUpstoxZerodhaGrowwDhan
MTF Margin30.05%25.6%25.58%23.02%
Leverage3.3x3.9x3.9x4.3x
You Pay (per ₹1L)₹30,050₹25,600₹25,580₹23,020
Broker Funds (per ₹1L)₹69,950₹74,400₹74,420₹76,980
Interest Rate (p.a.)18.25%14.6%14.95%12.49%
Daily Interest Cost₹20 per ₹40,000 slab/day₹40 per lakh/day₹41 per lakh/day₹34.2 per lakh/day (up to ₹5L)
Brokerage0.1% or ₹20/order (whichever is lower)0.3% or ₹20/order (whichever is lower)₹20 per order (flat)₹20 per order
Pledge Charges₹20 per stock (one-time)₹15 + GST per ISINAuto-pledged (included)₹30 + GST per ISIN
Max Holding Period365 daysUnlimited (maintain margins daily)Unlimited (maintain margins)Unlimited (maintain margins)
Max Borrowing Limit₹25 lakhNo published limitNo published limit₹1 crore (₹20L per stock)
Auto Square-OffAuto square-off if margin shortfall not met by T+4Auto square-off if margin falls below minimumAuto-liquidation if margin falls below requirementAuto-liquidation if margin coverage < 20%

Dhan offers the best margin of 23.02% for BEL, while Upstox requires 30.05% — a difference of 7.0 percentage points. This means you save ₹7,030 per ₹1 lakh invested by choosing Dhan.

BEL MTF Interest Cost Calculator (per ₹1 Lakh Investment)

Upstox
Your capital₹30,050
Broker funds₹69,950
Daily interest₹35
30-day cost₹1,049
Annual cost₹12,766
Zerodha
Your capital₹25,600
Broker funds₹74,400
Daily interest₹30
30-day cost₹893
Annual cost₹10,862
Groww
Your capital₹25,580
Broker funds₹74,420
Daily interest₹30
30-day cost₹914
Annual cost₹11,126
Dhan
Your capital₹23,020
Broker funds₹76,980
Daily interest₹26
30-day cost₹790
Annual cost₹9,615

* Interest calculated on broker-funded amount only. Actual cost depends on daily closing balance. Rates may vary — verify with your broker.

How Much Can You Invest in BEL with MTF?

If you invest
₹10,000
Stock value you hold₹43,440
Dhan funds₹33,440
Margin used23.02%
If you invest
₹50,000
Stock value you hold₹2,17,202
Dhan funds₹1,67,202
Margin used23.02%
If you invest
₹1,00,000
Stock value you hold₹4,34,405
Dhan funds₹3,34,405
Margin used23.02%

Frequently Asked Questions — BEL MTF

What is the MTF margin for BEL?

Upstox: 30.05%, Zerodha: 25.6%, Groww: 25.58%, Dhan: 23.02%. The lowest margin is 23.02% on Dhan, meaning you only need to pay ₹2302 to buy ₹10,000 worth of BEL shares.

Which broker is cheapest for BEL MTF?

For margin percentage, Dhan offers the lowest at 23.02% (4.3x leverage). However, for interest cost, Dhan starts at 12.49% p.a., Zerodha charges ~14.6% p.a., Groww charges 14.95% p.a., and Upstox charges ~18.25% p.a. The total cost depends on both margin percentage and interest rate — compare both before choosing.

What interest rate do brokers charge on BEL MTF?

Dhan: 12.49% p.a. (lowest, tiered up to 16.49%). Zerodha: ~14.6% p.a. (₹40 per lakh/day). Groww: 14.95% p.a. (₹41 per lakh/day). Upstox: ~18.25% p.a. (₹20 per ₹40K slab/day). Interest accrues from T+1 on the broker-funded amount until you sell.

Can I buy BEL on margin?

Yes, BEL (BEL) is available for Margin Trading Facility (MTF) on Upstox, Zerodha, Groww, Dhan. MTF allows you to buy shares by paying only a fraction of the total value. The broker funds the rest and charges daily interest on the funded amount.

How long can I hold BEL on MTF?

Upstox: maximum 365 days. Zerodha, Groww, and Dhan: unlimited holding period as long as you maintain the required margins daily. If your margin falls below the minimum, the broker will auto-liquidate your position.

What are the pledge charges for BEL?

Upstox: ₹20 per stock (one-time). Zerodha: ₹15 + GST per ISIN. Dhan: ₹30 + GST per ISIN. Groww: auto-pledged (included in the process). Pledge charges are per ISIN, not per trade — you pay once regardless of quantity.

What happens if margin falls below minimum for BEL?

All brokers will auto-liquidate your MTF position if margin maintenance is not met. Upstox gives until T+4 to top up. Zerodha and Groww require same-day/next-day top-up. Dhan auto-liquidates if coverage falls below 20%. Always maintain adequate margins to avoid forced sell-off.

What is the maximum borrowing limit for BEL MTF?

Dhan: up to ₹1 crore total (₹20 lakh per stock). Upstox: up to ₹25 lakh total. Zerodha and Groww: no published maximum limit. Actual leverage depends on the stock's margin requirement set by the exchange.

Compare Other MTF Stocks

QGOLDHALF
Quantum Gold Fund
29.65%
ARVIND
Arvind
33.73%
EIEL
ENVIRO INFRA ENGINEERS L
36.69%
BERGEPAINT
Berger Paints
27.13%
BHARTIHEXA
BHARTI HEXACOM LIMITED
30.65%
AIIL
AUTHUM INVEST & INFRA LTD
40.46%

Compare All 1837+ MTF Stocks

Find the broker with the lowest margin requirement for every stock. Updated daily with real data from Upstox, Zerodha, Groww & Dhan.

Browse All StocksMTF Comparison TableTrade BEL

About BEL (BEL) Margin Trading

BEL (BEL) is listed on the NSE and is eligible for Margin Trading Facility (MTF) across 4 major Indian brokers: Upstox, Zerodha, Groww, Dhan. MTF allows you to buy BEL shares by paying only a fraction of the total value, with the broker financing the rest.

Currently, Dhan offers the best MTF margin of 23.02% for BEL. This means you can buy ₹1,00,000 worth of BEL shares by paying just ₹23,020, with Dhan funding the remaining ₹76,980.

MTF Interest Rates for BEL — Broker Comparison

The cost of holding BEL on MTF depends primarily on the interest rate charged by your broker on the funded amount. Dhan offers the lowest starting rate at 12.49% p.a. (₹34.2 per lakh/day), followed by Zerodha at ~14.6% p.a., Groww at 14.95% p.a., and Upstox at ~18.25% p.a.

When choosing a broker for BEL MTF, consider both the margin percentage (which determines how much capital you need) and the interest rate (which determines your holding cost). A broker with a slightly higher margin but lower interest rate may be cheaper overall for longer holding periods.

Holding Period & Square-Off Rules

Upstox allows holding BEL on MTF for up to 365 days. Zerodha, Groww, and Dhan offer unlimited holding as long as you maintain the required margins daily. If your margin falls below the minimum, all brokers will automatically square off your position. Upstox gives a buffer until T+4, while Dhan auto-liquidates when coverage falls below 20%.

Pledge & Brokerage Charges

MTF trades are settled via pledge mechanism — your shares are pledged to the broker as collateral. Pledge charges: Upstox ₹20/stock, Zerodha ₹15+GST/ISIN, Dhan ₹30+GST/ISIN, Groww auto-pledges at no extra charge. Brokerage: Zerodha charges 0.3% or ₹20 (whichever is lower), Upstox 0.1% or ₹20, Groww and Dhan charge ₹20 flat per order.

Looking for more stocks? Browse our complete MTF stocks directory with 1837+ stocks, or use the MTF comparison table to find the best margins across all brokers. You can also trade BEL directly through our Scalper Terminal.