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JBM AUTO LIMITED (JBMA) — MTF Margin Comparison

Exchange: NSE · Available on 3 brokers · Updated daily

Best MTF Rate: 37.94% on Dhan(2.6x leverage)

MTF Margin Comparison — JBMA

Upstox
38%
Margin Required
Leverage2.6x
You Pay3,800
You Get₹10,000
Interest18.25% p.a.
Max Hold365 days
Zerodha
38%
Margin Required
Leverage2.6x
You Pay3,800
You Get₹10,000
Interest14.6% p.a.
Max HoldUnlimited
Groww
Not Available
BEST
Dhan
37.94%
Margin Required
Leverage2.6x
You Pay3,794
You Get₹10,000
Interest12.49% p.a.
Max HoldUnlimited

JBM AUTO LIMITED — Complete Broker Comparison

ParameterUpstoxZerodhaDhan
MTF Margin38%38%37.94%
Leverage2.6x2.6x2.6x
You Pay (per ₹1L)38,00038,00037,940
Broker Funds (per ₹1L)62,00062,00062,060
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 37.94% for JBMA, while Upstox requires 38% — a difference of 0.1 percentage points.

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

Upstox
Your capital38,000
Broker funds62,000
Daily interest31
30-day cost930
Annual cost11,315
Zerodha
Your capital38,000
Broker funds62,000
Daily interest25
30-day cost744
Annual cost9,052
Dhan
Your capital37,940
Broker funds62,060
Daily interest21
30-day cost637
Annual cost7,751

* 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 JBMA with MTF?

If you invest
10,000
Stock value you hold26,357
Dhan funds16,357
Margin used37.94%
If you invest
50,000
Stock value you hold1,31,787
Dhan funds81,787
Margin used37.94%
If you invest
1,00,000
Stock value you hold2,63,574
Dhan funds1,63,574
Margin used37.94%

Frequently Asked Questions — JBMA MTF

What is the MTF margin for JBMA?

Upstox: 38%, Zerodha: 38%, Dhan: 37.94%. The lowest margin is 37.94% on Dhan, meaning you only need to pay ₹3794 to buy ₹10,000 worth of JBM AUTO LIMITED shares.

Which broker is cheapest for JBMA MTF?

For margin percentage, Dhan offers the lowest at 37.94% (2.6x 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 JBMA 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 JBMA on margin?

Yes, JBM AUTO LIMITED (JBMA) 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 JBMA 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 JBMA?

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 JBMA?

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 JBMA 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 JBM AUTO LIMITED (JBMA) Margin Trading

JBM AUTO LIMITED (JBMA) 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 JBMA shares by paying only a fraction of the total value, with the broker financing the rest.

Currently, Dhan offers the best MTF margin of 37.94% for JBMA. This means you can buy ₹1,00,000 worth of JBM AUTO LIMITED shares by paying just ₹37,940, with Dhan funding the remaining ₹62,060.

MTF Interest Rates for JBMA — Broker Comparison

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