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BHEL (BHEL) — MTF Margin Comparison

Exchange: NSE · Available on 4 brokers · Updated daily

Best MTF Rate: 26.17% on Dhan(3.8x leverage)

MTF Margin Comparison — BHEL

Upstox
33.2%
Margin Required
Leverage3.0x
You Pay3,320
You Get₹10,000
Interest18.25% p.a.
Max Hold365 days
Zerodha
28.3%
Margin Required
Leverage3.5x
You Pay2,830
You Get₹10,000
Interest14.6% p.a.
Max HoldUnlimited
Groww
28.26%
Margin Required
Leverage3.5x
You Pay2,826
You Get₹10,000
Interest14.95% p.a.
Max HoldUnlimited
BEST
Dhan
26.17%
Margin Required
Leverage3.8x
You Pay2,617
You Get₹10,000
Interest12.49% p.a.
Max HoldUnlimited

BHEL — Complete Broker Comparison

ParameterUpstoxZerodhaGrowwDhan
MTF Margin33.2%28.3%28.26%26.17%
Leverage3.0x3.5x3.5x3.8x
You Pay (per ₹1L)33,20028,30028,26026,170
Broker Funds (per ₹1L)66,80071,70071,74073,830
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 26.17% for BHEL, while Upstox requires 33.2% — a difference of 7.0 percentage points. This means you save ₹7,030 per ₹1 lakh invested by choosing Dhan.

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

Upstox
Your capital33,200
Broker funds66,800
Daily interest33
30-day cost1,002
Annual cost12,191
Zerodha
Your capital28,300
Broker funds71,700
Daily interest29
30-day cost860
Annual cost10,468
Groww
Your capital28,260
Broker funds71,740
Daily interest29
30-day cost882
Annual cost10,725
Dhan
Your capital26,170
Broker funds73,830
Daily interest25
30-day cost758
Annual cost9,221

* 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 BHEL with MTF?

If you invest
10,000
Stock value you hold38,212
Dhan funds28,212
Margin used26.17%
If you invest
50,000
Stock value you hold1,91,058
Dhan funds1,41,058
Margin used26.17%
If you invest
1,00,000
Stock value you hold3,82,117
Dhan funds2,82,117
Margin used26.17%

Frequently Asked Questions — BHEL MTF

What is the MTF margin for BHEL?

Upstox: 33.2%, Zerodha: 28.3%, Groww: 28.26%, Dhan: 26.17%. The lowest margin is 26.17% on Dhan, meaning you only need to pay ₹2617 to buy ₹10,000 worth of BHEL shares.

Which broker is cheapest for BHEL MTF?

For margin percentage, Dhan offers the lowest at 26.17% (3.8x 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 BHEL 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 BHEL on margin?

Yes, BHEL (BHEL) 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 BHEL 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 BHEL?

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 BHEL?

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 BHEL 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.

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About BHEL (BHEL) Margin Trading

BHEL (BHEL) 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 BHEL shares by paying only a fraction of the total value, with the broker financing the rest.

Currently, Dhan offers the best MTF margin of 26.17% for BHEL. This means you can buy ₹1,00,000 worth of BHEL shares by paying just ₹26,170, with Dhan funding the remaining ₹73,830.

MTF Interest Rates for BHEL — Broker Comparison

The cost of holding BHEL 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 BHEL 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 BHEL 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 BHEL directly through our Scalper Terminal.