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Himadri Speciality Chemicals (HSCL) — MTF Margin Comparison

Exchange: NSE · Available on 4 brokers · Updated daily

Best MTF Rate: 27.18% on Groww(3.7x leverage)

MTF Margin Comparison — HSCL

Upstox
31.93%
Margin Required
Leverage3.1x
You Pay₹3,193
You Get₹10,000
Interest18.25% p.a.
Max Hold365 days
Zerodha
31.93%
Margin Required
Leverage3.1x
You Pay₹3,193
You Get₹10,000
Interest14.6% p.a.
Max HoldUnlimited
BEST
Groww
27.18%
Margin Required
Leverage3.7x
You Pay₹2,718
You Get₹10,000
Interest14.95% p.a.
Max HoldUnlimited
Dhan
31.89%
Margin Required
Leverage3.1x
You Pay₹3,189
You Get₹10,000
Interest12.49% p.a.
Max HoldUnlimited

Himadri Speciality Chemicals — Complete Broker Comparison

ParameterUpstoxZerodhaGrowwDhan
MTF Margin31.93%31.93%27.18%31.89%
Leverage3.1x3.1x3.7x3.1x
You Pay (per ₹1L)₹31,930₹31,930₹27,180₹31,890
Broker Funds (per ₹1L)₹68,070₹68,070₹72,820₹68,110
Interest Rate (p.a.)18.25%14.6%14.95%12.49%
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)
Brokerage0.1% or ₹20/order (whichever is lower)0.3% or ₹20/order (whichever is lower)₹20 per order (flat)₹20 per order
Pledge Charges₹20 per stock (one-time)₹15 + GST per ISINAuto-pledged (included)₹30 + GST per ISIN
Max Holding Period365 daysUnlimited (maintain margins daily)Unlimited (maintain margins)Unlimited (maintain margins)
Max Borrowing Limit₹25 lakhNo published limitNo 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 falls below requirementAuto-liquidation if margin coverage < 20%

Groww offers the best margin of 27.18% for HSCL, while Upstox requires 31.93% — a difference of 4.8 percentage points.

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

Upstox
Your capital₹31,930
Broker funds₹68,070
Daily interest₹34
30-day cost₹1,021
Annual cost₹12,423
Zerodha
Your capital₹31,930
Broker funds₹68,070
Daily interest₹27
30-day cost₹817
Annual cost₹9,938
Groww
Your capital₹27,180
Broker funds₹72,820
Daily interest₹30
30-day cost₹895
Annual cost₹10,887
Dhan
Your capital₹31,890
Broker funds₹68,110
Daily interest₹23
30-day cost₹699
Annual cost₹8,507

* 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 HSCL with MTF?

If you invest
₹10,000
Stock value you hold₹36,792
Groww funds₹26,792
Margin used27.18%
If you invest
₹50,000
Stock value you hold₹1,83,959
Groww funds₹1,33,959
Margin used27.18%
If you invest
₹1,00,000
Stock value you hold₹3,67,918
Groww funds₹2,67,918
Margin used27.18%

Frequently Asked Questions — HSCL MTF

What is the MTF margin for HSCL?

Upstox: 31.93%, Zerodha: 31.93%, Groww: 27.18%, Dhan: 31.89%. The lowest margin is 27.18% on Groww, meaning you only need to pay ₹2718 to buy ₹10,000 worth of Himadri Speciality Chemicals shares.

Which broker is cheapest for HSCL MTF?

For margin percentage, Groww offers the lowest at 27.18% (3.7x 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 HSCL 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 HSCL on margin?

Yes, Himadri Speciality Chemicals (HSCL) is available for Margin Trading Facility (MTF) on Upstox, Zerodha, Groww, 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 HSCL 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 HSCL?

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 HSCL?

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 HSCL 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.

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About Himadri Speciality Chemicals (HSCL) Margin Trading

Himadri Speciality Chemicals (HSCL) is listed on the NSE and is eligible for Margin Trading Facility (MTF) across 4 major Indian brokers: Upstox, Zerodha, Groww, Dhan. MTF allows you to buy HSCL shares by paying only a fraction of the total value, with the broker financing the rest.

Currently, Groww offers the best MTF margin of 27.18% for HSCL. This means you can buy ₹1,00,000 worth of Himadri Speciality Chemicals shares by paying just ₹27,180, with Groww funding the remaining ₹72,820.

MTF Interest Rates for HSCL — Broker Comparison

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