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IIFL Securities (IIFLCAPS) — MTF Margin Comparison

Exchange: NSE · Available on 2 brokers · Updated daily

Best MTF Rate: 39.74% on Upstox(2.5x leverage)

MTF Margin Comparison — IIFLCAPS

BEST
Upstox
39.74%
Margin Required
Leverage2.5x
You Pay3,974
You Get₹10,000
Interest18.25% p.a.
Max Hold365 days
Zerodha
39.74%
Margin Required
Leverage2.5x
You Pay3,974
You Get₹10,000
Interest14.6% p.a.
Max HoldUnlimited
Groww
Not Available
Dhan
Not Available

IIFL Securities — Complete Broker Comparison

ParameterUpstoxZerodha
MTF Margin39.74%39.74%
Leverage2.5x2.5x
You Pay (per ₹1L)39,74039,740
Broker Funds (per ₹1L)60,26060,260
Interest Rate (p.a.)18.25%14.6%
Daily Interest Cost₹20 per ₹40,000 slab/day₹40 per lakh/day
Brokerage0.1% or ₹20/order (whichever is lower)0.3% or ₹20/order (whichever is lower)
Pledge Charges₹20 per stock (one-time)₹15 + GST per ISIN
Max Holding Period365 daysUnlimited (maintain margins daily)
Max Borrowing Limit₹25 lakhNo published limit
Auto Square-OffAuto square-off if margin shortfall not met by T+4Auto square-off if margin falls below minimum

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

Upstox
Your capital39,740
Broker funds60,260
Daily interest30
30-day cost904
Annual cost10,997
Zerodha
Your capital39,740
Broker funds60,260
Daily interest24
30-day cost723
Annual cost8,798

* 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 IIFLCAPS with MTF?

If you invest
10,000
Stock value you hold25,164
Upstox funds15,164
Margin used39.74%
If you invest
50,000
Stock value you hold1,25,818
Upstox funds75,818
Margin used39.74%
If you invest
1,00,000
Stock value you hold2,51,636
Upstox funds1,51,636
Margin used39.74%

Frequently Asked Questions — IIFLCAPS MTF

What is the MTF margin for IIFLCAPS?

Upstox: 39.74%, Zerodha: 39.74%. The lowest margin is 39.74% on Upstox, meaning you only need to pay ₹3974 to buy ₹10,000 worth of IIFL Securities shares.

Which broker is cheapest for IIFLCAPS MTF?

For margin percentage, Upstox offers the lowest at 39.74% (2.5x 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 IIFLCAPS 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 IIFLCAPS on margin?

Yes, IIFL Securities (IIFLCAPS) is available for Margin Trading Facility (MTF) on Upstox, Zerodha. 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 IIFLCAPS 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 IIFLCAPS?

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 IIFLCAPS?

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 IIFLCAPS 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 IIFL Securities (IIFLCAPS) Margin Trading

IIFL Securities (IIFLCAPS) is listed on the NSE and is eligible for Margin Trading Facility (MTF) across 2 major Indian brokers: Upstox, Zerodha. MTF allows you to buy IIFLCAPS shares by paying only a fraction of the total value, with the broker financing the rest.

Currently, Upstox offers the best MTF margin of 39.74% for IIFLCAPS. This means you can buy ₹1,00,000 worth of IIFL Securities shares by paying just ₹39,740, with Upstox funding the remaining ₹60,260.

MTF Interest Rates for IIFLCAPS — Broker Comparison

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