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LUMAXIND (LUMAXIND) — MTF Margin Comparison

Exchange: NSE · Available on 1 brokers · Updated daily

Best MTF Rate: 38.26% on Zerodha(2.6x leverage)

MTF Margin Comparison — LUMAXIND

Upstox
Not Available
BEST
Zerodha
38.26%
Margin Required
Leverage2.6x
You Pay₹3,826
You Get₹10,000
Interest14.6% p.a.
Max HoldUnlimited
Groww
Not Available
Dhan
Not Available

LUMAXIND — Complete Broker Comparison

ParameterZerodha
MTF Margin38.26%
Leverage2.6x
You Pay (per ₹1L)₹38,260
Broker Funds (per ₹1L)₹61,740
Interest Rate (p.a.)14.6%
Daily Interest Cost₹40 per lakh/day
Brokerage0.3% or ₹20/order (whichever is lower)
Pledge Charges₹15 + GST per ISIN
Max Holding PeriodUnlimited (maintain margins daily)
Max Borrowing LimitNo published limit
Auto Square-OffAuto square-off if margin falls below minimum

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

Zerodha
Your capital₹38,260
Broker funds₹61,740
Daily interest₹25
30-day cost₹741
Annual cost₹9,014

* 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 LUMAXIND with MTF?

If you invest
₹10,000
Stock value you hold₹26,137
Zerodha funds₹16,137
Margin used38.26%
If you invest
₹50,000
Stock value you hold₹1,30,685
Zerodha funds₹80,685
Margin used38.26%
If you invest
₹1,00,000
Stock value you hold₹2,61,370
Zerodha funds₹1,61,370
Margin used38.26%

Frequently Asked Questions — LUMAXIND MTF

What is the MTF margin for LUMAXIND?

Zerodha: 38.26%. The lowest margin is 38.26% on Zerodha, meaning you only need to pay ₹3826 to buy ₹10,000 worth of LUMAXIND shares.

Which broker is cheapest for LUMAXIND MTF?

For margin percentage, Zerodha offers the lowest at 38.26% (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 LUMAXIND 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 LUMAXIND on margin?

Yes, LUMAXIND (LUMAXIND) is available for Margin Trading Facility (MTF) on 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 LUMAXIND 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 LUMAXIND?

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 LUMAXIND?

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 LUMAXIND 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 LUMAXIND (LUMAXIND) Margin Trading

LUMAXIND (LUMAXIND) is listed on the NSE and is eligible for Margin Trading Facility (MTF) across 1 major Indian brokers: Zerodha. MTF allows you to buy LUMAXIND shares by paying only a fraction of the total value, with the broker financing the rest.

Currently, Zerodha offers the best MTF margin of 38.26% for LUMAXIND. This means you can buy ₹1,00,000 worth of LUMAXIND shares by paying just ₹38,260, with Zerodha funding the remaining ₹61,740.

MTF Interest Rates for LUMAXIND — Broker Comparison

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