IN

Interglobe Aviation (INDIGO) - MTF Margin Comparison

Exchange: NSE · Available on 9 brokers · Updated daily

Best MTF Rate: 24.15% on Kotak Neo(4.1x leverage)

Fundamentals Snapshot

AviationMega Cap
CMP
₹5,426
PE
180.0
ROE
-12.2%
ROCE
7.1%
Div Yield
0.18%
P/B
30.14
Mkt Cap
₹2,09,820 Cr

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

MTF Margin Comparison - INDIGO

Upstox
31.17%
Margin Required
Leverage3.2x
You Pay3,117
You Get₹10,000
Interest18.25% p.a.
Max HoldUnlimited
Zerodha
26.50%
Margin Required
Leverage3.8x
You Pay2,650
You Get₹10,000
Interest14.6% p.a.
Max HoldUnlimited
Dhan
25.00%
Margin Required
Leverage4.0x
You Pay2,500
You Get₹10,000
Interest12.49% p.a.
Max HoldUnlimited Holding Period
BEST
Kotak Neo
24.15%
Margin Required
Leverage4.1x
You Pay2,415
You Get₹10,000
Interest9.95% p.a.
Max HoldNo Time Limit
Paytm Money
24.17%
Margin Required
Leverage4.1x
You Pay2,417
You Get₹10,000
Interest14.99% p.a.
Max HoldUnlimited
Pocketful
30.81%
Margin Required
Leverage3.2x
You Pay3,081
You Get₹10,000
Interest5.99% p.a.
Max HoldUnlimited
Anand Rathi
31.13%
Margin Required
Leverage3.2x
You Pay3,113
You Get₹10,000
Interest14.99% p.a.
Max HoldUnlimited
Bajaj Broking
25.00%
Margin Required
Leverage4.0x
You Pay2,500
You Get₹10,000
Interest18% p.a.
Max HoldUnlimited
Share India
30.99%
Margin Required
Leverage3.2x
You Pay3,099
You Get₹10,000
Interest14.99% p.a.
Max HoldUnlimited

Interglobe Aviation - Complete Broker Comparison

ParameterUpstoxZerodhaDhanKotak NeoPaytm MoneyPocketfulAnand RathiBajaj BrokingShare India
MTF Margin31.17%26.50%25.00%24.15%24.17%30.81%31.13%25.00%30.99%
Leverage3.2x3.8x4.0x4.1x4.1x3.2x3.2x4.0x3.2x
You Pay (per ₹1L)31,17026,50025,00024,15024,17030,81031,13025,00030,990
Broker Funds (per ₹1L)68,83073,50075,00075,85075,83069,19068,87075,00069,010
Interest Rate (p.a.)18.25%14.6%12.49%9.95%14.99%5.99%14.99%18%14.99%
Daily Interest Cost₹20 per ₹40,000 slab/day₹40 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₹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 ISIN₹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 Holding PeriodNo Time LimitUnlimited (maintain margins)Unlimited (maintain margins)Unlimited (maintain margins)Unlimited (maintain margins)Unlimited (maintain margins)
Max Borrowing Limit₹25 lakhNo 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 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 24.15% for INDIGO, while Upstox requires 31.17% - a difference of 7.02 percentage points. This means you save ₹7,020 per ₹1 lakh invested by choosing Kotak Neo.

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

Upstox
Your capital31,170
Broker funds68,830
Daily interest34
30-day cost1,032
Annual cost12,561
Zerodha
Your capital26,500
Broker funds73,500
Daily interest29
30-day cost882
Annual cost10,731
Dhan
Your capital25,000
Broker funds75,000
Daily interest26
30-day cost770
Annual cost9,368
Kotak Neo
Your capital24,150
Broker funds75,850
Daily interest21
30-day cost620
Annual cost7,547
Paytm Money
Your capital24,170
Broker funds75,830
Daily interest31
30-day cost934
Annual cost11,367
Pocketful
Your capital30,810
Broker funds69,190
Daily interest11
30-day cost341
Annual cost4,144
Anand Rathi
Your capital31,130
Broker funds68,870
Daily interest28
30-day cost849
Annual cost10,324
Bajaj Broking
Your capital25,000
Broker funds75,000
Daily interest37
30-day cost1,110
Annual cost13,500
Share India
Your capital30,990
Broker funds69,010
Daily interest28
30-day cost850
Annual cost10,345

* 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 INDIGO with MTF?

If you invest
10,000
Stock value you hold41,408
Kotak Neo funds31,408
Margin used24.15%
If you invest
50,000
Stock value you hold2,07,039
Kotak Neo funds1,57,039
Margin used24.15%
If you invest
1,00,000
Stock value you hold4,14,079
Kotak Neo funds3,14,079
Margin used24.15%

Frequently Asked Questions - INDIGO MTF

What is the MTF margin for INDIGO?

Upstox: 31.17%, Zerodha: 26.50%, Dhan: 25.00%, Kotak Neo: 24.15%, Paytm Money: 24.17%, Pocketful: 30.81%, Anand Rathi: 31.13%, Bajaj Broking: 25.00%, Share India: 30.99%. The lowest margin is 24.15% on Kotak Neo, meaning you only need to pay ₹2415 to buy ₹10,000 worth of Interglobe Aviation shares.

Which broker is cheapest for INDIGO MTF?

For margin percentage, Kotak Neo offers the lowest at 24.15% (4.1x 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 INDIGO 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 INDIGO on margin?

Yes, Interglobe Aviation (INDIGO) is available for Margin Trading Facility (MTF) on Upstox, Zerodha, 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 INDIGO 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 INDIGO?

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 INDIGO?

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 INDIGO 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.

About Interglobe Aviation (INDIGO) Margin Trading

Interglobe Aviation (INDIGO) is listed on the NSE and is eligible for Margin Trading Facility (MTF) across 9 major Indian brokers: Upstox, Zerodha, Dhan, Kotak Neo, Paytm Money, Pocketful, Anand Rathi, Bajaj Broking, Share India. MTF allows you to buy INDIGO 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 24.15% for INDIGO. This means you can buy ₹1,00,000 worth of Interglobe Aviation shares by paying just ₹24,150, with Kotak Neo funding the remaining ₹75,850.

MTF Interest Rates for INDIGO - Broker Comparison

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