MTFTerminalFII/DIIMarketsFunds
SB

SBI Life Insurance (SBILIFE) — MTF Margin Comparison

Exchange: NSE · Available on 3 brokers · Updated daily

Best MTF Rate: 22% on Dhan(4.5x leverage)

MTF Margin Comparison — SBILIFE

Upstox
26.5%
Margin Required
Leverage3.8x
You Pay₹2,650
You Get₹10,000
Interest18.25% p.a.
Max Hold365 days
Zerodha
22.6%
Margin Required
Leverage4.4x
You Pay₹2,260
You Get₹10,000
Interest14.6% p.a.
Max HoldUnlimited
Groww
Not Available
BEST
Dhan
22%
Margin Required
Leverage4.5x
You Pay₹2,200
You Get₹10,000
Interest12.49% p.a.
Max HoldUnlimited

SBI Life Insurance — Complete Broker Comparison

ParameterUpstoxZerodhaDhan
MTF Margin26.5%22.6%22%
Leverage3.8x4.4x4.5x
You Pay (per ₹1L)₹26,500₹22,600₹22,000
Broker Funds (per ₹1L)₹73,500₹77,400₹78,000
Interest Rate (p.a.)18.25%14.6%12.49%
Daily Interest Cost₹20 per ₹40,000 slab/day₹40 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
Pledge Charges₹20 per stock (one-time)₹15 + GST per ISIN₹30 + GST per ISIN
Max Holding Period365 daysUnlimited (maintain margins daily)Unlimited (maintain margins)
Max Borrowing Limit₹25 lakhNo 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 coverage < 20%

Dhan offers the best margin of 22% for SBILIFE, while Upstox requires 26.5% — a difference of 4.5 percentage points.

SBILIFE 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
Zerodha
Your capital₹22,600
Broker funds₹77,400
Daily interest₹31
30-day cost₹929
Annual cost₹11,300
Dhan
Your capital₹22,000
Broker funds₹78,000
Daily interest₹27
30-day cost₹801
Annual cost₹9,742

* 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 SBILIFE with MTF?

If you invest
₹10,000
Stock value you hold₹45,455
Dhan funds₹35,455
Margin used22%
If you invest
₹50,000
Stock value you hold₹2,27,273
Dhan funds₹1,77,273
Margin used22%
If you invest
₹1,00,000
Stock value you hold₹4,54,545
Dhan funds₹3,54,545
Margin used22%

Frequently Asked Questions — SBILIFE MTF

What is the MTF margin for SBILIFE?

Upstox: 26.5%, Zerodha: 22.6%, Dhan: 22%. The lowest margin is 22% on Dhan, meaning you only need to pay ₹2200 to buy ₹10,000 worth of SBI Life Insurance shares.

Which broker is cheapest for SBILIFE MTF?

For margin percentage, Dhan offers the lowest at 22% (4.5x 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 SBILIFE 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 SBILIFE on margin?

Yes, SBI Life Insurance (SBILIFE) is available for Margin Trading Facility (MTF) on Upstox, Zerodha, 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 SBILIFE 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 SBILIFE?

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 SBILIFE?

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 SBILIFE 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

BLKASHYAP
BLKASHYAP
37.89%
LTGILTBEES
NIP ETF Longterm Gilt
20%
HDFCPVTBAN
HDFC AMC - HDFCPVTBAN
26.5%
GRAVITA
Gravita India
35.55%
CHEMPLASTS
Chemplast Sanmar
36.04%
HCG
Healthcare Global Enterprises
30.27%

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 SBILIFE

About SBI Life Insurance (SBILIFE) Margin Trading

SBI Life Insurance (SBILIFE) is listed on the NSE and is eligible for Margin Trading Facility (MTF) across 3 major Indian brokers: Upstox, Zerodha, Dhan. MTF allows you to buy SBILIFE shares by paying only a fraction of the total value, with the broker financing the rest.

Currently, Dhan offers the best MTF margin of 22% for SBILIFE. This means you can buy ₹1,00,000 worth of SBI Life Insurance shares by paying just ₹22,000, with Dhan funding the remaining ₹78,000.

MTF Interest Rates for SBILIFE — Broker Comparison

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