DM

Avenue Supermarts (DMART) - MTF Margin Comparison

Exchange: NSE · Available on 10 brokers · Updated daily

Best MTF Rate: 20.96% on Kotak Neo(4.8x leverage)

Fundamentals Snapshot

RetailMega Cap
CMP
₹3,994
PE
87.7
ROE
13.0%
ROCE
17.2%
P/B
10.65
Mkt Cap
₹2,60,533 Cr

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

MTF Margin Comparison - DMART

Upstox
27.98%
Margin Required
Leverage3.6x
You Pay2,798
You Get₹10,000
Interest18.25% p.a.
Max HoldUnlimited
Zerodha
24.00%
Margin Required
Leverage4.2x
You Pay2,400
You Get₹10,000
Interest14.6% p.a.
Max HoldUnlimited
Groww
23.82%
Margin Required
Leverage4.2x
You Pay2,382
You Get₹10,000
Interest14.95% p.a.
Max HoldUnlimited
Dhan
22.00%
Margin Required
Leverage4.5x
You Pay2,200
You Get₹10,000
Interest12.49% p.a.
Max HoldUnlimited Holding Period
BEST
Kotak Neo
20.96%
Margin Required
Leverage4.8x
You Pay2,096
You Get₹10,000
Interest9.69% p.a.
Max HoldNo Time Limit
Paytm Money
20.98%
Margin Required
Leverage4.8x
You Pay2,098
You Get₹10,000
Interest14.99% p.a.
Max HoldUnlimited
Pocketful
28.28%
Margin Required
Leverage3.5x
You Pay2,828
You Get₹10,000
Interest5.99% p.a.
Max HoldUnlimited
Anand Rathi
28.17%
Margin Required
Leverage3.5x
You Pay2,817
You Get₹10,000
Interest14.99% p.a.
Max HoldUnlimited
Bajaj Broking
22.00%
Margin Required
Leverage4.5x
You Pay2,200
You Get₹10,000
Interest18% p.a.
Max HoldUnlimited
Share India
28.05%
Margin Required
Leverage3.6x
You Pay2,805
You Get₹10,000
Interest14.99% p.a.
Max HoldUnlimited

Avenue Supermarts - Complete Broker Comparison

ParameterUpstoxZerodhaGrowwDhanKotak NeoPaytm MoneyPocketfulAnand RathiBajaj BrokingShare India
MTF Margin27.98%24.00%23.82%22.00%20.96%20.98%28.28%28.17%22.00%28.05%
Leverage3.6x4.2x4.2x4.5x4.8x4.8x3.5x3.5x4.5x3.6x
You Pay (per ₹1L)27,98024,00023,82022,00020,96020,98028,28028,17022,00028,050
Broker Funds (per ₹1L)72,02076,00076,18078,00079,04079,02071,72071,83078,00071,950
Interest Rate (p.a.)18.25%14.6%14.95%12.49%9.69%14.99%5.99%14.99%18%14.99%
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)~₹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 (flat)₹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 ISINAuto-pledged (included)₹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 (maintain margins)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 limitNo 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 falls below requirementAuto-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

Kotak Neo offers the best margin of 20.96% for DMART, while Pocketful requires 28.28% - a difference of 7.32 percentage points. This means you save ₹7,320 per ₹1 lakh invested by choosing Kotak Neo.

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

Upstox
Your capital27,980
Broker funds72,020
Daily interest36
30-day cost1,080
Annual cost13,144
Zerodha
Your capital24,000
Broker funds76,000
Daily interest30
30-day cost912
Annual cost11,096
Groww
Your capital23,820
Broker funds76,180
Daily interest31
30-day cost936
Annual cost11,389
Dhan
Your capital22,000
Broker funds78,000
Daily interest27
30-day cost801
Annual cost9,742
Kotak Neo
Your capital20,960
Broker funds79,040
Daily interest21
30-day cost630
Annual cost7,659
Paytm Money
Your capital20,980
Broker funds79,020
Daily interest32
30-day cost974
Annual cost11,845
Pocketful
Your capital28,280
Broker funds71,720
Daily interest12
30-day cost353
Annual cost4,296
Anand Rathi
Your capital28,170
Broker funds71,830
Daily interest29
30-day cost885
Annual cost10,767
Bajaj Broking
Your capital22,000
Broker funds78,000
Daily interest38
30-day cost1,154
Annual cost14,040
Share India
Your capital28,050
Broker funds71,950
Daily interest30
30-day cost886
Annual cost10,785

* 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 DMART with MTF?

If you invest
10,000
Stock value you hold47,710
Kotak Neo funds37,710
Margin used20.96%
If you invest
50,000
Stock value you hold2,38,550
Kotak Neo funds1,88,550
Margin used20.96%
If you invest
1,00,000
Stock value you hold4,77,099
Kotak Neo funds3,77,099
Margin used20.96%

Frequently Asked Questions - DMART MTF

What is the MTF margin for DMART?

Upstox: 27.98%, Zerodha: 24.00%, Groww: 23.82%, Dhan: 22.00%, Kotak Neo: 20.96%, Paytm Money: 20.98%, Pocketful: 28.28%, Anand Rathi: 28.17%, Bajaj Broking: 22.00%, Share India: 28.05%. The lowest margin is 20.96% on Kotak Neo, meaning you only need to pay ₹2096 to buy ₹10,000 worth of Avenue Supermarts shares.

Which broker is cheapest for DMART MTF?

For margin percentage, Kotak Neo offers the lowest at 20.96% (4.8x 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 DMART 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 DMART on margin?

Yes, Avenue Supermarts (DMART) is available for Margin Trading Facility (MTF) on Upstox, Zerodha, Groww, 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 DMART 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 DMART?

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 DMART?

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 DMART 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

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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 Avenue Supermarts (DMART) Margin Trading

Avenue Supermarts (DMART) is listed on the NSE and is eligible for Margin Trading Facility (MTF) across 10 major Indian brokers: Upstox, Zerodha, Groww, Dhan, Kotak Neo, Paytm Money, Pocketful, Anand Rathi, Bajaj Broking, Share India. MTF allows you to buy DMART shares by paying only a fraction of the total value, with the broker financing the rest.

Currently, Kotak Neo offers the best MTF margin of 20.96% for DMART. This means you can buy ₹1,00,000 worth of Avenue Supermarts shares by paying just ₹20,960, with Kotak Neo funding the remaining ₹79,040.

MTF Interest Rates for DMART - Broker Comparison

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

Star investors who hold DMART

Tracked from public NSE/BSE shareholding disclosures. Tap an investor to see their full portfolio.