Mirae BSE Defence ETF (DEFENCE) - MTF Margin Comparison
Exchange: NSE · Available on 3 brokers · Updated daily
MTF Margin Comparison - DEFENCE
Mirae BSE Defence ETF - Complete Broker Comparison
| Parameter | Upstox | Paytm Money | Fyers |
|---|---|---|---|
| MTF Margin | 26.50% | 50.00% | 27.03% |
| Leverage | 3.8x | 2.0x | 3.7x |
| You Pay (per ₹1L) | ₹26,500 | ₹50,000 | ₹27,030 |
| Broker Funds (per ₹1L) | ₹73,500 | ₹50,000 | ₹72,970 |
| Interest Rate (p.a.) | 18.25% | 14.99% | 9.99% |
| Daily Interest Cost | ₹20 per ₹40,000 slab/day | slab-based | ~₹27 per lakh/day |
| Brokerage | 0.1% or ₹20/order (whichever is lower) | ₹20/order or 0.05% | ₹20/order or 0.03% |
| Pledge Charges | ₹20 per stock (one-time) | ₹20 + GST per ISIN | ₹20 + GST per ISIN |
| Max Holding Period | Unlimited | Unlimited (maintain margins) | Unlimited (maintain margins) |
| Max Borrowing Limit | ₹25 lakh | No published limit | No published limit |
| Auto Square-Off | Auto square-off if margin shortfall not met by T+4 | Auto square-off on margin shortfall | Auto square-off on margin shortfall |
Upstox offers the best margin of 26.50% for DEFENCE, while Paytm Money requires 50.00% - a difference of 23.50 percentage points. This means you save ₹23,500 per ₹1 lakh invested by choosing Upstox.
DEFENCE MTF Interest Cost Calculator (per ₹1 Lakh Investment)
* 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 DEFENCE with MTF?
Frequently Asked Questions - DEFENCE MTF
What is the MTF margin for DEFENCE?
Which broker is cheapest for DEFENCE MTF?
What interest rate do brokers charge on DEFENCE MTF?
Can I buy DEFENCE on margin?
How long can I hold DEFENCE on MTF?
What are the pledge charges for DEFENCE?
What happens if margin falls below minimum for DEFENCE?
What is the maximum borrowing limit for DEFENCE MTF?
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About Mirae BSE Defence ETF (DEFENCE) Margin Trading
Mirae BSE Defence ETF (DEFENCE) is listed on the NSE and is eligible for Margin Trading Facility (MTF) across 3 major Indian brokers: Upstox, Paytm Money, Fyers. MTF allows you to buy DEFENCE shares by paying only a fraction of the total value, with the broker financing the rest.
Currently, Upstox offers the best MTF margin of 26.50% for DEFENCE. This means you can buy ₹1,00,000 worth of Mirae BSE Defence ETF shares by paying just ₹26,500, with Upstox funding the remaining ₹73,500.
MTF Interest Rates for DEFENCE - Broker Comparison
The cost of holding DEFENCE 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 DEFENCE 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 DEFENCE 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 2027+ stocks, or use the MTF comparison table to find the best margins across all brokers. You can also trade DEFENCE directly through our Scalper Terminal.