MTFTerminalFII/DIIMarketsFunds
PO

Polycab India (POLYCAB) — MTF Margin Comparison

Exchange: NSE · Available on 4 brokers · Updated daily

Best MTF Rate: 24.28% on Dhan(4.1x leverage)

MTF Margin Comparison — POLYCAB

Upstox
31.31%
Margin Required
Leverage3.2x
You Pay₹3,131
You Get₹10,000
Interest18.25% p.a.
Max Hold365 days
Zerodha
26.7%
Margin Required
Leverage3.7x
You Pay₹2,670
You Get₹10,000
Interest14.6% p.a.
Max HoldUnlimited
Groww
26.65%
Margin Required
Leverage3.8x
You Pay₹2,665
You Get₹10,000
Interest14.95% p.a.
Max HoldUnlimited
BEST
Dhan
24.28%
Margin Required
Leverage4.1x
You Pay₹2,428
You Get₹10,000
Interest12.49% p.a.
Max HoldUnlimited

Polycab India — Complete Broker Comparison

ParameterUpstoxZerodhaGrowwDhan
MTF Margin31.31%26.7%26.65%24.28%
Leverage3.2x3.7x3.8x4.1x
You Pay (per ₹1L)₹31,310₹26,700₹26,650₹24,280
Broker Funds (per ₹1L)₹68,690₹73,300₹73,350₹75,720
Interest Rate (p.a.)18.25%14.6%14.95%12.49%
Daily Interest Cost₹20 per ₹40,000 slab/day₹40 per lakh/day₹41 per lakh/day₹34.2 per lakh/day (up to ₹5L)
Brokerage0.1% or ₹20/order (whichever is lower)0.3% or ₹20/order (whichever is lower)₹20 per order (flat)₹20 per order
Pledge Charges₹20 per stock (one-time)₹15 + GST per ISINAuto-pledged (included)₹30 + GST per ISIN
Max Holding Period365 daysUnlimited (maintain margins daily)Unlimited (maintain margins)Unlimited (maintain margins)
Max Borrowing Limit₹25 lakhNo published limitNo published limit₹1 crore (₹20L per stock)
Auto Square-OffAuto square-off if margin shortfall not met by T+4Auto square-off if margin falls below minimumAuto-liquidation if margin falls below requirementAuto-liquidation if margin coverage < 20%

Dhan offers the best margin of 24.28% for POLYCAB, while Upstox requires 31.31% — a difference of 7.0 percentage points. This means you save ₹7,030 per ₹1 lakh invested by choosing Dhan.

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

Upstox
Your capital₹31,310
Broker funds₹68,690
Daily interest₹34
30-day cost₹1,030
Annual cost₹12,536
Zerodha
Your capital₹26,700
Broker funds₹73,300
Daily interest₹29
30-day cost₹880
Annual cost₹10,702
Groww
Your capital₹26,650
Broker funds₹73,350
Daily interest₹30
30-day cost₹901
Annual cost₹10,966
Dhan
Your capital₹24,280
Broker funds₹75,720
Daily interest₹26
30-day cost₹777
Annual cost₹9,457

* 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 POLYCAB with MTF?

If you invest
₹10,000
Stock value you hold₹41,186
Dhan funds₹31,186
Margin used24.28%
If you invest
₹50,000
Stock value you hold₹2,05,931
Dhan funds₹1,55,931
Margin used24.28%
If you invest
₹1,00,000
Stock value you hold₹4,11,862
Dhan funds₹3,11,862
Margin used24.28%

Frequently Asked Questions — POLYCAB MTF

What is the MTF margin for POLYCAB?

Upstox: 31.31%, Zerodha: 26.7%, Groww: 26.65%, Dhan: 24.28%. The lowest margin is 24.28% on Dhan, meaning you only need to pay ₹2428 to buy ₹10,000 worth of Polycab India shares.

Which broker is cheapest for POLYCAB MTF?

For margin percentage, Dhan offers the lowest at 24.28% (4.1x 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 POLYCAB 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 POLYCAB on margin?

Yes, Polycab India (POLYCAB) is available for Margin Trading Facility (MTF) on Upstox, Zerodha, Groww, Dhan. 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 POLYCAB 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 POLYCAB?

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 POLYCAB?

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 POLYCAB 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

KERNEX
KERNEX MICROSYS(I) LTD
41.21%
YUKEN
YUKEN
50%
ESTER
ESTER
50%
ICICIGI
ICICI Lombard General Insurance
22%
GPPL
Gujarat Pipavav Port
31.46%
CONCOR
Container Corp of India
23%

Compare All 1837+ 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 StocksMTF Comparison TableTrade POLYCAB

About Polycab India (POLYCAB) Margin Trading

Polycab India (POLYCAB) is listed on the NSE and is eligible for Margin Trading Facility (MTF) across 4 major Indian brokers: Upstox, Zerodha, Groww, Dhan. MTF allows you to buy POLYCAB shares by paying only a fraction of the total value, with the broker financing the rest.

Currently, Dhan offers the best MTF margin of 24.28% for POLYCAB. This means you can buy ₹1,00,000 worth of Polycab India shares by paying just ₹24,280, with Dhan funding the remaining ₹75,720.

MTF Interest Rates for POLYCAB — Broker Comparison

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