CD

CDSL (CDSL) - MTF Margin Comparison

Exchange: NSE · Available on 9 brokers · Updated daily

Best MTF Rate: 24.91% on Dhan(4.0x leverage)

Fundamentals Snapshot

Mid Cap
CMP
₹1,351
PE
61.9
ROE
24.5%
ROCE
32.0%
Div Yield
0.94%
P/B
14.40
Mkt Cap
₹28,228 Cr

Fundamentals from the Downstox Value Screener (Nifty 500 universe, updated daily). Not investment advice.

MTF Margin Comparison - CDSL

Upstox
31.95%
Margin Required
Leverage3.1x
You Pay3,195
You Get₹10,000
Interest18.25% p.a.
Max HoldUnlimited
Zerodha
27.20%
Margin Required
Leverage3.7x
You Pay2,720
You Get₹10,000
Interest14.6% p.a.
Max HoldUnlimited
BEST
Dhan
24.91%
Margin Required
Leverage4.0x
You Pay2,491
You Get₹10,000
Interest12.49% p.a.
Max HoldUnlimited Holding Period
Kotak Neo
25.00%
Margin Required
Leverage4.0x
You Pay2,500
You Get₹10,000
Interest9.95% p.a.
Max HoldNo Time Limit
Paytm Money
25.00%
Margin Required
Leverage4.0x
You Pay2,500
You Get₹10,000
Interest14.99% p.a.
Max HoldUnlimited
Pocketful
32.72%
Margin Required
Leverage3.1x
You Pay3,272
You Get₹10,000
Interest5.99% p.a.
Max HoldUnlimited
Anand Rathi
31.91%
Margin Required
Leverage3.1x
You Pay3,191
You Get₹10,000
Interest14.99% p.a.
Max HoldUnlimited
Bajaj Broking
29.00%
Margin Required
Leverage3.4x
You Pay2,900
You Get₹10,000
Interest18% p.a.
Max HoldUnlimited
Share India
32.29%
Margin Required
Leverage3.1x
You Pay3,229
You Get₹10,000
Interest14.99% p.a.
Max HoldUnlimited

CDSL - Complete Broker Comparison

ParameterUpstoxZerodhaDhanKotak NeoPaytm MoneyPocketfulAnand RathiBajaj BrokingShare India
MTF Margin31.95%27.20%24.91%25.00%25.00%32.72%31.91%29.00%32.29%
Leverage3.1x3.7x4.0x4.0x4.0x3.1x3.1x3.4x3.1x
You Pay (per ₹1L)31,95027,20024,91025,00025,00032,72031,91029,00032,290
Broker Funds (per ₹1L)68,05072,80075,09075,00075,00067,28068,09071,00067,710
Interest Rate (p.a.)18.25%14.6%12.49%9.95%14.99%5.99%14.99%18%14.99%
Daily Interest Cost₹20 per ₹40,000 slab/day₹40 per lakh/day₹34.2 per lakh/day (up to ₹5L)~₹27 per lakh/dayslab-based~₹27 per lakh/daysee brokersee brokersee broker
Brokerage0.1% or ₹20/order (whichever is lower)0.3% or Rs. 20/executed order, whichever is lower₹20 per order₹20/order or 0.1%₹20/order or 0.05%₹20/ordersee planplan-basedplan-based
Pledge Charges₹20 per stock (one-time)₹15 + GST per pledge and unpledge request per ISIN₹30 + GST per ISIN₹20 + GST per ISIN₹20 + GST per ISIN₹20 + GST per ISINper ISINper ISINper ISIN
Max Holding PeriodUnlimitedUnlimited (maintain margins daily)Unlimited Holding PeriodNo Time LimitUnlimited (maintain margins)Unlimited (maintain margins)Unlimited (maintain margins)Unlimited (maintain margins)Unlimited (maintain margins)
Max Borrowing Limit₹25 lakhNo published limit₹1 crore (₹20L per stock)No published limitNo published limitNo published limitNo published limitNo published limitNo published limit
Auto Square-OffAuto square-off if margin shortfall not met by T+4Auto square-off if margin falls below minimumAuto-liquidation if margin coverage < 20%Auto square-off on margin shortfallAuto square-off on margin shortfallAuto square-off on margin shortfallAuto square-off on margin shortfallAuto square-off on margin shortfallAuto square-off on margin shortfall

Dhan offers the best margin of 24.91% for CDSL, while Pocketful requires 32.72% - a difference of 7.81 percentage points. This means you save ₹7,810 per ₹1 lakh invested by choosing Dhan.

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

Upstox
Your capital31,950
Broker funds68,050
Daily interest34
30-day cost1,021
Annual cost12,419
Zerodha
Your capital27,200
Broker funds72,800
Daily interest29
30-day cost874
Annual cost10,629
Dhan
Your capital24,910
Broker funds75,090
Daily interest26
30-day cost771
Annual cost9,379
Kotak Neo
Your capital25,000
Broker funds75,000
Daily interest20
30-day cost613
Annual cost7,462
Paytm Money
Your capital25,000
Broker funds75,000
Daily interest31
30-day cost924
Annual cost11,243
Pocketful
Your capital32,720
Broker funds67,280
Daily interest11
30-day cost331
Annual cost4,030
Anand Rathi
Your capital31,910
Broker funds68,090
Daily interest28
30-day cost839
Annual cost10,207
Bajaj Broking
Your capital29,000
Broker funds71,000
Daily interest35
30-day cost1,050
Annual cost12,780
Share India
Your capital32,290
Broker funds67,710
Daily interest28
30-day cost834
Annual cost10,150

* 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 CDSL with MTF?

If you invest
10,000
Stock value you hold40,145
Dhan funds30,145
Margin used24.91%
If you invest
50,000
Stock value you hold2,00,723
Dhan funds1,50,723
Margin used24.91%
If you invest
1,00,000
Stock value you hold4,01,445
Dhan funds3,01,445
Margin used24.91%

Frequently Asked Questions - CDSL MTF

What is the MTF margin for CDSL?

Upstox: 31.95%, Zerodha: 27.20%, Dhan: 24.91%, Kotak Neo: 25.00%, Paytm Money: 25.00%, Pocketful: 32.72%, Anand Rathi: 31.91%, Bajaj Broking: 29.00%, Share India: 32.29%. The lowest margin is 24.91% on Dhan, meaning you only need to pay ₹2490.9999999999995 to buy ₹10,000 worth of CDSL shares.

Which broker is cheapest for CDSL MTF?

For margin percentage, Dhan offers the lowest at 24.91% (4.0x 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 CDSL 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 CDSL on margin?

Yes, CDSL (CDSL) is available for Margin Trading Facility (MTF) on Upstox, Zerodha, Dhan, Kotak Neo, Paytm Money, Pocketful, Anand Rathi, Bajaj Broking, Share India. 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 CDSL 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 CDSL?

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 CDSL?

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

About CDSL (CDSL) Margin Trading

CDSL (CDSL) is listed on the NSE and is eligible for Margin Trading Facility (MTF) across 9 major Indian brokers: Upstox, Zerodha, Dhan, Kotak Neo, Paytm Money, Pocketful, Anand Rathi, Bajaj Broking, Share India. MTF allows you to buy CDSL shares by paying only a fraction of the total value, with the broker financing the rest.

Currently, Dhan offers the best MTF margin of 24.91% for CDSL. This means you can buy ₹1,00,000 worth of CDSL shares by paying just ₹24,910, with Dhan funding the remaining ₹75,090.

MTF Interest Rates for CDSL - Broker Comparison

The cost of holding CDSL 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 CDSL 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 CDSL 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 2026+ stocks, or use the MTF comparison table to find the best margins across all brokers. You can also trade CDSL directly through our Scalper Terminal.