Ester Industries Limited (ESTER) - MTF Margin Comparison
Exchange: NSE · Available on 4 brokers · Updated daily
Fundamentals Snapshot
Small CapFundamentals from the Downstox Value Screener (Nifty 500 universe, updated daily). Not investment advice.
MTF Margin Comparison - ESTER
Ester Industries Limited - Complete Broker Comparison
| Parameter | Dhan | Kotak Neo | Anand Rathi | Share India |
|---|---|---|---|---|
| MTF Margin | 50.00% | 100.00% | 36.91% | 37.80% |
| Leverage | 2.0x | 1.0x | 2.7x | 2.6x |
| You Pay (per ₹1L) | ₹50,000 | ₹1,00,000 | ₹36,910 | ₹37,800 |
| Broker Funds (per ₹1L) | ₹50,000 | ₹0 | ₹63,090 | ₹62,200 |
| Interest Rate (p.a.) | 12.49% | 9.69% | 14.99% | 14.99% |
| Daily Interest Cost | ₹34.2 per lakh/day (up to ₹5L) | ~₹27 per lakh/day | see broker | see broker |
| Brokerage | ₹20 per order | ₹20/order or 0.1% | see plan | plan-based |
| Pledge Charges | ₹30 + GST per ISIN | ₹20 + GST per ISIN | per ISIN | per ISIN |
| Max Holding Period | Unlimited Holding Period | No Time Limit | Unlimited (maintain margins) | Unlimited (maintain margins) |
| Max Borrowing Limit | ₹1 crore (₹20L per stock) | No published limit | No published limit | No published limit |
| Auto Square-Off | Auto-liquidation if margin coverage < 20% | Auto square-off on margin shortfall | Auto square-off on margin shortfall | Auto square-off on margin shortfall |
Anand Rathi offers the best margin of 36.91% for ESTER, while Kotak Neo requires 100.00% - a difference of 63.09 percentage points. This means you save ₹63,090 per ₹1 lakh invested by choosing Anand Rathi.
ESTER 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 ESTER with MTF?
Frequently Asked Questions - ESTER MTF
What is the MTF margin for ESTER?
Which broker is cheapest for ESTER MTF?
What interest rate do brokers charge on ESTER MTF?
Can I buy ESTER on margin?
How long can I hold ESTER on MTF?
What are the pledge charges for ESTER?
What happens if margin falls below minimum for ESTER?
What is the maximum borrowing limit for ESTER MTF?
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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 Ester Industries Limited (ESTER) Margin Trading
Ester Industries Limited (ESTER) is listed on the NSE and is eligible for Margin Trading Facility (MTF) across 4 major Indian brokers: Dhan, Kotak Neo, Anand Rathi, Share India. MTF allows you to buy ESTER shares by paying only a fraction of the total value, with the broker financing the rest.
Currently, Anand Rathi offers the best MTF margin of 36.91% for ESTER. This means you can buy ₹1,00,000 worth of Ester Industries Limited shares by paying just ₹36,910, with Anand Rathi funding the remaining ₹63,090.
MTF Interest Rates for ESTER - Broker Comparison
The cost of holding ESTER 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 ESTER 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 ESTER 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 ESTER directly through our Scalper Terminal.