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Hindalco Industries (HINDALCO) — MTF Margin Comparison

Exchange: NSE · Available on 3 brokers · Updated daily

Best MTF Rate: 22.58% on Dhan(4.4x leverage)

MTF Margin Comparison — HINDALCO

Upstox
29.6%
Margin Required
Leverage3.4x
You Pay₹2,960
You Get₹10,000
Interest18.25% p.a.
Max Hold365 days
Zerodha
25.2%
Margin Required
Leverage4.0x
You Pay₹2,520
You Get₹10,000
Interest14.6% p.a.
Max HoldUnlimited
Groww
Not Available
BEST
Dhan
22.58%
Margin Required
Leverage4.4x
You Pay₹2,258
You Get₹10,000
Interest12.49% p.a.
Max HoldUnlimited

Hindalco Industries — Complete Broker Comparison

ParameterUpstoxZerodhaDhan
MTF Margin29.6%25.2%22.58%
Leverage3.4x4.0x4.4x
You Pay (per ₹1L)₹29,600₹25,200₹22,580
Broker Funds (per ₹1L)₹70,400₹74,800₹77,420
Interest Rate (p.a.)18.25%14.6%12.49%
Daily Interest Cost₹20 per ₹40,000 slab/day₹40 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
Pledge Charges₹20 per stock (one-time)₹15 + GST per ISIN₹30 + GST per ISIN
Max Holding Period365 daysUnlimited (maintain margins daily)Unlimited (maintain margins)
Max Borrowing Limit₹25 lakhNo 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 coverage < 20%

Dhan offers the best margin of 22.58% for HINDALCO, while Upstox requires 29.6% — a difference of 7.0 percentage points. This means you save ₹7,020 per ₹1 lakh invested by choosing Dhan.

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

Upstox
Your capital₹29,600
Broker funds₹70,400
Daily interest₹35
30-day cost₹1,056
Annual cost₹12,848
Zerodha
Your capital₹25,200
Broker funds₹74,800
Daily interest₹30
30-day cost₹898
Annual cost₹10,921
Dhan
Your capital₹22,580
Broker funds₹77,420
Daily interest₹26
30-day cost₹795
Annual cost₹9,670

* 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 HINDALCO with MTF?

If you invest
₹10,000
Stock value you hold₹44,287
Dhan funds₹34,287
Margin used22.58%
If you invest
₹50,000
Stock value you hold₹2,21,435
Dhan funds₹1,71,435
Margin used22.58%
If you invest
₹1,00,000
Stock value you hold₹4,42,870
Dhan funds₹3,42,870
Margin used22.58%

Frequently Asked Questions — HINDALCO MTF

What is the MTF margin for HINDALCO?

Upstox: 29.6%, Zerodha: 25.2%, Dhan: 22.58%. The lowest margin is 22.58% on Dhan, meaning you only need to pay ₹2258 to buy ₹10,000 worth of Hindalco Industries shares.

Which broker is cheapest for HINDALCO MTF?

For margin percentage, Dhan offers the lowest at 22.58% (4.4x 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 HINDALCO 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 HINDALCO on margin?

Yes, Hindalco Industries (HINDALCO) is available for Margin Trading Facility (MTF) on Upstox, Zerodha, 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 HINDALCO 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 HINDALCO?

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 HINDALCO?

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 HINDALCO 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 Hindalco Industries (HINDALCO) Margin Trading

Hindalco Industries (HINDALCO) is listed on the NSE and is eligible for Margin Trading Facility (MTF) across 3 major Indian brokers: Upstox, Zerodha, Dhan. MTF allows you to buy HINDALCO shares by paying only a fraction of the total value, with the broker financing the rest.

Currently, Dhan offers the best MTF margin of 22.58% for HINDALCO. This means you can buy ₹1,00,000 worth of Hindalco Industries shares by paying just ₹22,580, with Dhan funding the remaining ₹77,420.

MTF Interest Rates for HINDALCO — Broker Comparison

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