Nippon Nifty Manufacturing ETF (MANUFGBEES) - MTF Margin Comparison

Exchange: NSE · Available on 3 brokers · Updated daily

Best MTF Rate: 26.50% on Upstox(3.8x leverage)

MTF Margin Comparison - MANUFGBEES

BEST

Upstox

26.50%

Margin Required

Leverage3.8x

You Pay₹2,650

You Get₹10,000

Interest18.25% p.a.

Max HoldUnlimited

Dhan

30.00%

Margin Required

Leverage3.3x

You Pay₹3,000

You Get₹10,000

Interest12.49% p.a.

Max HoldUnlimited Holding Period

Anand Rathi

26.50%

Margin Required

Leverage3.8x

You Pay₹2,650

You Get₹10,000

Interest14.99% p.a.

Max HoldUnlimited

Nippon Nifty Manufacturing ETF - Complete Broker Comparison

Parameter	Upstox	Dhan	Anand Rathi
MTF Margin	26.50%	30.00%	26.50%
Leverage	3.8x	3.3x	3.8x
You Pay (per ₹1L)	₹26,500	₹30,000	₹26,500
Broker Funds (per ₹1L)	₹73,500	₹70,000	₹73,500
Interest Rate (p.a.)	18.25%	12.49%	14.99%
Daily Interest Cost	₹20 per ₹40,000 slab/day	₹34.2 per lakh/day (up to ₹5L)	see broker
Brokerage	0.1% or ₹20/order (whichever is lower)	₹20 per order	see plan
Pledge Charges	₹20 per stock (one-time)	₹30 + GST per ISIN	per ISIN
Max Holding Period	Unlimited	Unlimited Holding Period	Unlimited (maintain margins)
Max Borrowing Limit	₹25 lakh	₹1 crore (₹20L per stock)	No published limit
Auto Square-Off	Auto square-off if margin shortfall not met by T+4	Auto-liquidation if margin coverage < 20%	Auto square-off on margin shortfall

Upstox offers the best margin of 26.50% for MANUFGBEES, while Dhan requires 30.00% - a difference of 3.50 percentage points.

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

Upstox

Your capital₹26,500

Broker funds₹73,500

Daily interest₹37

30-day cost₹1,103

Annual cost₹13,414

Dhan

Your capital₹30,000

Broker funds₹70,000

Daily interest₹24

30-day cost₹719

Annual cost₹8,743

Anand Rathi

Your capital₹26,500

Broker funds₹73,500

Daily interest₹30

30-day cost₹906

Annual cost₹11,018

* 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 MANUFGBEES with MTF?

If you invest

₹10,000

Stock value you hold₹37,736

Upstox funds₹27,736

Margin used26.50%

If you invest

₹50,000

Stock value you hold₹1,88,679

Upstox funds₹1,38,679

Margin used26.50%

If you invest

₹1,00,000

Stock value you hold₹3,77,358

Upstox funds₹2,77,358

Margin used26.50%

Frequently Asked Questions - MANUFGBEES MTF

What is the MTF margin for MANUFGBEES?

Upstox: 26.50%, Dhan: 30.00%, Anand Rathi: 26.50%. The lowest margin is 26.50% on Upstox, meaning you only need to pay ₹2650 to buy ₹10,000 worth of Nippon Nifty Manufacturing ETF shares.

Which broker is cheapest for MANUFGBEES MTF?

For margin percentage, Upstox offers the lowest at 26.50% (3.8x 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 MANUFGBEES 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 MANUFGBEES on margin?

Yes, Nippon Nifty Manufacturing ETF (MANUFGBEES) is available for Margin Trading Facility (MTF) on Upstox, Dhan, Anand Rathi. 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 MANUFGBEES 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 MANUFGBEES?

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 MANUFGBEES?

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 MANUFGBEES 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.

Compare Other MTF Stocks

Compare All 2026+ MTF Stocks

Find the broker with the lowest margin requirement for every stock. Updated daily with real data from Upstox, Zerodha, Groww & Dhan.

Browse All Stocks MTF Comparison Table Trade MANUFGBEES

About Nippon Nifty Manufacturing ETF (MANUFGBEES) Margin Trading

Nippon Nifty Manufacturing ETF (MANUFGBEES) is listed on the NSE and is eligible for Margin Trading Facility (MTF) across 3 major Indian brokers: Upstox, Dhan, Anand Rathi. MTF allows you to buy MANUFGBEES shares by paying only a fraction of the total value, with the broker financing the rest.

Currently, Upstox offers the best MTF margin of 26.50% for MANUFGBEES. This means you can buy ₹1,00,000 worth of Nippon Nifty Manufacturing ETF shares by paying just ₹26,500, with Upstox funding the remaining ₹73,500.

MTF Interest Rates for MANUFGBEES - Broker Comparison

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