REFEX INDUSTRIES LIMITED (REFEX) - MTF Margin Comparison
Exchange: NSE · Available on 8 brokers · Updated daily
Fundamentals Snapshot
Small CapFundamentals from the Downstox Value Screener (Nifty 500 universe, updated daily). Not investment advice.
MTF Margin Comparison - REFEX
REFEX INDUSTRIES LIMITED - Complete Broker Comparison
| Parameter | Upstox | Zerodha | Dhan | Kotak Neo | Paytm Money | Pocketful | Anand Rathi | Share India |
|---|---|---|---|---|---|---|---|---|
| MTF Margin | 39.92% | 39.87% | 39.87% | 100.00% | 42.92% | 40.52% | 39.87% | 40.55% |
| Leverage | 2.5x | 2.5x | 2.5x | 1.0x | 2.3x | 2.5x | 2.5x | 2.5x |
| You Pay (per ₹1L) | ₹39,920 | ₹39,870 | ₹39,870 | ₹1,00,000 | ₹42,920 | ₹40,520 | ₹39,870 | ₹40,550 |
| Broker Funds (per ₹1L) | ₹60,080 | ₹60,130 | ₹60,130 | ₹0 | ₹57,080 | ₹59,480 | ₹60,130 | ₹59,450 |
| Interest Rate (p.a.) | 18.25% | 14.6% | 12.49% | 9.95% | 14.99% | 5.99% | 14.99% | 14.99% |
| Daily Interest Cost | ₹20 per ₹40,000 slab/day | ₹40 per lakh/day | ₹34.2 per lakh/day (up to ₹5L) | ~₹27 per lakh/day | slab-based | ~₹27 per lakh/day | see broker | see broker |
| Brokerage | 0.1% or ₹20/order (whichever is lower) | 0.3% or Rs. 20/executed order, whichever is lower | ₹20 per order | ₹20/order or 0.1% | ₹20/order or 0.05% | ₹20/order | see plan | plan-based |
| Pledge Charges | ₹20 per stock (one-time) | ₹15 + GST per pledge and unpledge request per ISIN | ₹30 + GST per ISIN | ₹20 + GST per ISIN | ₹20 + GST per ISIN | ₹20 + GST per ISIN | per ISIN | per ISIN |
| Max Holding Period | Unlimited | Unlimited (maintain margins daily) | Unlimited Holding Period | No Time Limit | Unlimited (maintain margins) | Unlimited (maintain margins) | Unlimited (maintain margins) | Unlimited (maintain margins) |
| Max Borrowing Limit | ₹25 lakh | No published limit | ₹1 crore (₹20L per stock) | No published limit | 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 square-off if margin falls below minimum | 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 | Auto square-off on margin shortfall |
Zerodha offers the best margin of 39.87% for REFEX, while Kotak Neo requires 100.00% - a difference of 60.13 percentage points. This means you save ₹60,130 per ₹1 lakh invested by choosing Zerodha.
REFEX 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 REFEX with MTF?
Frequently Asked Questions - REFEX MTF
What is the MTF margin for REFEX?
Which broker is cheapest for REFEX MTF?
What interest rate do brokers charge on REFEX MTF?
Can I buy REFEX on margin?
How long can I hold REFEX on MTF?
What are the pledge charges for REFEX?
What happens if margin falls below minimum for REFEX?
What is the maximum borrowing limit for REFEX MTF?
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Find the broker with the lowest margin requirement for every stock. Updated daily with real data from Upstox, Zerodha, Groww & Dhan.
About REFEX INDUSTRIES LIMITED (REFEX) Margin Trading
REFEX INDUSTRIES LIMITED (REFEX) is listed on the NSE and is eligible for Margin Trading Facility (MTF) across 8 major Indian brokers: Upstox, Zerodha, Dhan, Kotak Neo, Paytm Money, Pocketful, Anand Rathi, Share India. MTF allows you to buy REFEX shares by paying only a fraction of the total value, with the broker financing the rest.
Currently, Zerodha offers the best MTF margin of 39.87% for REFEX. This means you can buy ₹1,00,000 worth of REFEX INDUSTRIES LIMITED shares by paying just ₹39,870, with Zerodha funding the remaining ₹60,130.
MTF Interest Rates for REFEX - Broker Comparison
The cost of holding REFEX 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 REFEX 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 REFEX 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 REFEX directly through our Scalper Terminal.