Kalyani Steels (KSL) — MTF Margin Comparison
Exchange: NSE · Available on 3 brokers · Updated daily
MTF Margin Comparison — KSL
Kalyani Steels — Complete Broker Comparison
| Parameter | Upstox | Zerodha | Dhan |
|---|---|---|---|
| MTF Margin | 35% | 33.73% | 40% |
| Leverage | 2.9x | 3.0x | 2.5x |
| You Pay (per ₹1L) | ₹35,000 | ₹33,730 | ₹40,000 |
| Broker Funds (per ₹1L) | ₹65,000 | ₹66,270 | ₹60,000 |
| 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) |
| Brokerage | 0.1% 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 Period | 365 days | Unlimited (maintain margins daily) | Unlimited (maintain margins) |
| Max Borrowing Limit | ₹25 lakh | No published limit | ₹1 crore (₹20L per stock) |
| Auto Square-Off | Auto square-off if margin shortfall not met by T+4 | Auto square-off if margin falls below minimum | Auto-liquidation if margin coverage < 20% |
Zerodha offers the best margin of 33.73% for KSL, while Dhan requires 40% — a difference of 6.3 percentage points. This means you save ₹6,270 per ₹1 lakh invested by choosing Zerodha.
KSL 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 KSL with MTF?
Frequently Asked Questions — KSL MTF
What is the MTF margin for KSL?
Which broker is cheapest for KSL MTF?
What interest rate do brokers charge on KSL MTF?
Can I buy KSL on margin?
How long can I hold KSL on MTF?
What are the pledge charges for KSL?
What happens if margin falls below minimum for KSL?
What is the maximum borrowing limit for KSL MTF?
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About Kalyani Steels (KSL) Margin Trading
Kalyani Steels (KSL) 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 KSL shares by paying only a fraction of the total value, with the broker financing the rest.
Currently, Zerodha offers the best MTF margin of 33.73% for KSL. This means you can buy ₹1,00,000 worth of Kalyani Steels shares by paying just ₹33,730, with Zerodha funding the remaining ₹66,270.
MTF Interest Rates for KSL — Broker Comparison
The cost of holding KSL 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 KSL 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 KSL 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 KSL directly through our Scalper Terminal.