ICICI Pru BSE Midcap Select ETF (MIDSELIETF) - MTF Margin Comparison
Exchange: NSE · Available on 6 brokers · Updated daily
MTF Margin Comparison - MIDSELIETF
ICICI Pru BSE Midcap Select ETF - Complete Broker Comparison
| Parameter | Upstox | Dhan | Kotak Neo | Paytm Money | Fyers | Anand Rathi |
|---|---|---|---|---|---|---|
| MTF Margin | 20.00% | 20.00% | 20.00% | 40.00% | 20.00% | 17.63% |
| Leverage | 5.0x | 5.0x | 5.0x | 2.5x | 5.0x | 5.7x |
| You Pay (per ₹1L) | ₹20,000 | ₹20,000 | ₹20,000 | ₹40,000 | ₹20,000 | ₹17,630 |
| Broker Funds (per ₹1L) | ₹80,000 | ₹80,000 | ₹80,000 | ₹60,000 | ₹80,000 | ₹82,370 |
| Interest Rate (p.a.) | 18.25% | 12.49% | 9.95% | 14.99% | 9.99% | 14.99% |
| Daily Interest Cost | ₹20 per ₹40,000 slab/day | ₹34.2 per lakh/day (up to ₹5L) | ~₹27 per lakh/day | slab-based | ~₹27 per lakh/day | see broker |
| Brokerage | 0.1% or ₹20/order (whichever is lower) | ₹20 per order | ₹20/order or 0.1% | ₹20/order or 0.05% | ₹20/order or 0.03% | see plan |
| Pledge Charges | ₹20 per stock (one-time) | ₹30 + GST per ISIN | ₹20 + GST per ISIN | ₹20 + GST per ISIN | ₹20 + GST per ISIN | per ISIN |
| Max Holding Period | Unlimited | Unlimited Holding Period | No Time Limit | Unlimited (maintain margins) | Unlimited (maintain margins) | Unlimited (maintain margins) |
| Max Borrowing Limit | ₹25 lakh | ₹1 crore (₹20L per stock) | No published limit | No published limit | No published limit | 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 | Auto square-off on margin shortfall | Auto square-off on margin shortfall | Auto square-off on margin shortfall |
Anand Rathi offers the best margin of 17.63% for MIDSELIETF, while Paytm Money requires 40.00% - a difference of 22.37 percentage points. This means you save ₹22,370 per ₹1 lakh invested by choosing Anand Rathi.
MIDSELIETF 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 MIDSELIETF with MTF?
Frequently Asked Questions - MIDSELIETF MTF
What is the MTF margin for MIDSELIETF?
Which broker is cheapest for MIDSELIETF MTF?
What interest rate do brokers charge on MIDSELIETF MTF?
Can I buy MIDSELIETF on margin?
How long can I hold MIDSELIETF on MTF?
What are the pledge charges for MIDSELIETF?
What happens if margin falls below minimum for MIDSELIETF?
What is the maximum borrowing limit for MIDSELIETF MTF?
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About ICICI Pru BSE Midcap Select ETF (MIDSELIETF) Margin Trading
ICICI Pru BSE Midcap Select ETF (MIDSELIETF) is listed on the NSE and is eligible for Margin Trading Facility (MTF) across 6 major Indian brokers: Upstox, Dhan, Kotak Neo, Paytm Money, Fyers, Anand Rathi. MTF allows you to buy MIDSELIETF shares by paying only a fraction of the total value, with the broker financing the rest.
Currently, Anand Rathi offers the best MTF margin of 17.63% for MIDSELIETF. This means you can buy ₹1,00,000 worth of ICICI Pru BSE Midcap Select ETF shares by paying just ₹17,630, with Anand Rathi funding the remaining ₹82,370.
MTF Interest Rates for MIDSELIETF - Broker Comparison
The cost of holding MIDSELIETF 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 MIDSELIETF 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 MIDSELIETF 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 MIDSELIETF directly through our Scalper Terminal.