Axis Nifty IT ETF (ITAXIS) - MTF Margin Comparison
Exchange: NSE · Available on 3 brokers · Updated daily
MTF Margin Comparison - ITAXIS
Axis Nifty IT ETF - Complete Broker Comparison
| Parameter | Upstox | Paytm Money | Fyers |
|---|---|---|---|
| MTF Margin | 27.56% | 28.00% | 27.78% |
| Leverage | 3.6x | 3.6x | 3.6x |
| You Pay (per ₹1L) | ₹27,560 | ₹28,000 | ₹27,780 |
| Broker Funds (per ₹1L) | ₹72,440 | ₹72,000 | ₹72,220 |
| Interest Rate (p.a.) | 18.25% | 14.99% | 9.99% |
| Daily Interest Cost | ₹20 per ₹40,000 slab/day | slab-based | ~₹27 per lakh/day |
| Brokerage | 0.1% or ₹20/order (whichever is lower) | ₹20/order or 0.05% | ₹20/order or 0.03% |
| Pledge Charges | ₹20 per stock (one-time) | ₹20 + GST per ISIN | ₹20 + GST per ISIN |
| Max Holding Period | Unlimited | Unlimited (maintain margins) | Unlimited (maintain margins) |
| Max Borrowing Limit | ₹25 lakh | No published limit | No published limit |
| Auto Square-Off | Auto square-off if margin shortfall not met by T+4 | Auto square-off on margin shortfall | Auto square-off on margin shortfall |
Upstox offers the best margin of 27.56% for ITAXIS, while Paytm Money requires 28.00% - a difference of 0.44 percentage points.
ITAXIS 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 ITAXIS with MTF?
Frequently Asked Questions - ITAXIS MTF
What is the MTF margin for ITAXIS?
Which broker is cheapest for ITAXIS MTF?
What interest rate do brokers charge on ITAXIS MTF?
Can I buy ITAXIS on margin?
How long can I hold ITAXIS on MTF?
What are the pledge charges for ITAXIS?
What happens if margin falls below minimum for ITAXIS?
What is the maximum borrowing limit for ITAXIS MTF?
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About Axis Nifty IT ETF (ITAXIS) Margin Trading
Axis Nifty IT ETF (ITAXIS) is listed on the NSE and is eligible for Margin Trading Facility (MTF) across 3 major Indian brokers: Upstox, Paytm Money, Fyers. MTF allows you to buy ITAXIS shares by paying only a fraction of the total value, with the broker financing the rest.
Currently, Upstox offers the best MTF margin of 27.56% for ITAXIS. This means you can buy ₹1,00,000 worth of Axis Nifty IT ETF shares by paying just ₹27,560, with Upstox funding the remaining ₹72,440.
MTF Interest Rates for ITAXIS - Broker Comparison
The cost of holding ITAXIS 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 ITAXIS 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 ITAXIS 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 2027+ stocks, or use the MTF comparison table to find the best margins across all brokers. You can also trade ITAXIS directly through our Scalper Terminal.