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National Securities Depository Ltd (NSDL) - MTF Margin Comparison

Exchange: NSE · Available on 1 brokers · Updated daily

Best MTF Rate: 30.03% on Kotak Neo(3.3x leverage)

Fundamentals Snapshot

Fundamentals updated 9 AugMid Cap
CMP
₹821
PE
44.7
ROE
18.3%
ROCE
24.3%
Div Yield
0.24%
P/B
7.75
Mkt Cap
₹16,424 Cr

Fundamentals from the Downstox Value Screener (2,373-stock screener universe, updated daily). Not investment advice.

MTF Margin Comparison - NSDL

BEST
Kotak Neo
30.03%
Margin Required
Leverage3.3x
You Pay3,003
You Get₹10,000
Interest9.69% p.a.
Max HoldNo Time Limit

National Securities Depository Ltd - Complete Broker Comparison

ParameterKotak Neo
MTF Margin30.03%
Leverage3.3x
You Pay (per ₹1L)30,030
Broker Funds (per ₹1L)69,970
Interest Rate (p.a.)9.69%
Daily Interest Cost~₹27 per lakh/day
Brokerage₹20/order or 0.1%
Pledge Charges₹20 + GST per ISIN
Max Holding PeriodNo Time Limit
Max Borrowing LimitNo published limit
Auto Square-OffAuto square-off on margin shortfall

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

Kotak Neo
Your capital30,030
Broker funds69,970
Daily interest19
30-day cost557
Annual cost6,780

* 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 NSDL with MTF?

If you invest
10,000
Stock value you hold33,300
Kotak Neo funds23,300
Margin used30.03%
If you invest
50,000
Stock value you hold1,66,500
Kotak Neo funds1,16,500
Margin used30.03%
If you invest
1,00,000
Stock value you hold3,33,000
Kotak Neo funds2,33,000
Margin used30.03%

Frequently Asked Questions - NSDL MTF

What is the MTF margin for NSDL?

Kotak Neo: 30.03%. The lowest margin is 30.03% on Kotak Neo, meaning you only need to pay ₹3003 to buy ₹10,000 worth of National Securities Depository Ltd shares.

Which broker is cheapest for NSDL MTF?

For margin percentage, Kotak Neo offers the lowest at 30.03% (3.3x 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 NSDL 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 NSDL on margin?

Yes, National Securities Depository Ltd (NSDL) is available for Margin Trading Facility (MTF) on Kotak Neo. 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 NSDL 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 NSDL?

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 NSDL?

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 NSDL 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 National Securities Depository Ltd (NSDL) Margin Trading

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

Currently, Kotak Neo offers the best MTF margin of 30.03% for NSDL. This means you can buy ₹1,00,000 worth of National Securities Depository Ltd shares by paying just ₹30,030, with Kotak Neo funding the remaining ₹69,970.

MTF Interest Rates for NSDL - Broker Comparison

The cost of holding NSDL 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 NSDL 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 NSDL 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 1907+ stocks, or use the MTF comparison table to find the best margins across all brokers. You can also trade NSDL directly through our Scalper Terminal.