Summit Securities (SUMMITSEC) - MTF Margin Comparison

Exchange: NSE · Available on 4 brokers · Updated daily

Best MTF Rate: 34.95% on Share India(2.9x leverage)

Fundamentals Snapshot

Small Cap

CMP

₹1,547

16.1

ROE

1.1%

ROCE

1.5%

P/B

0.20

Mkt Cap

₹1,688 Cr

Fundamentals from the Downstox Value Screener (Nifty 500 universe, updated daily). Not investment advice.

MTF Margin Comparison - SUMMITSEC

Upstox

35.00%

Margin Required

Leverage2.9x

You Pay₹3,500

You Get₹10,000

Interest18.25% p.a.

Max HoldUnlimited

Dhan

40.00%

Margin Required

Leverage2.5x

You Pay₹4,000

You Get₹10,000

Interest12.49% p.a.

Max HoldUnlimited Holding Period

Kotak Neo

100.00%

Margin Required

Leverage1.0x

You Pay₹10,000

You Get₹10,000

Interest9.95% p.a.

Max HoldNo Time Limit

BEST

Share India

34.95%

Margin Required

Leverage2.9x

You Pay₹3,495

You Get₹10,000

Interest14.99% p.a.

Max HoldUnlimited

Summit Securities - Complete Broker Comparison

Parameter	Upstox	Dhan	Kotak Neo	Share India
MTF Margin	35.00%	40.00%	100.00%	34.95%
Leverage	2.9x	2.5x	1.0x	2.9x
You Pay (per ₹1L)	₹35,000	₹40,000	₹1,00,000	₹34,950
Broker Funds (per ₹1L)	₹65,000	₹60,000	₹0	₹65,050
Interest Rate (p.a.)	18.25%	12.49%	9.95%	14.99%
Daily Interest Cost	₹20 per ₹40,000 slab/day	₹34.2 per lakh/day (up to ₹5L)	~₹27 per lakh/day	see broker
Brokerage	0.1% or ₹20/order (whichever is lower)	₹20 per order	₹20/order or 0.1%	plan-based
Pledge Charges	₹20 per stock (one-time)	₹30 + GST per ISIN	₹20 + GST per ISIN	per ISIN
Max Holding Period	Unlimited	Unlimited Holding Period	No Time Limit	Unlimited (maintain margins)
Max Borrowing Limit	₹25 lakh	₹1 crore (₹20L per stock)	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

Share India offers the best margin of 34.95% for SUMMITSEC, while Kotak Neo requires 100.00% - a difference of 65.05 percentage points. This means you save ₹65,050 per ₹1 lakh invested by choosing Share India.

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

Upstox

Your capital₹35,000

Broker funds₹65,000

Daily interest₹33

30-day cost₹975

Annual cost₹11,863

Dhan

Your capital₹40,000

Broker funds₹60,000

Daily interest₹21

30-day cost₹616

Annual cost₹7,494

Kotak Neo

Your capital₹1,00,000

Broker funds₹0

Daily interest₹0

30-day cost₹0

Annual cost₹0

Share India

Your capital₹34,950

Broker funds₹65,050

Daily interest₹27

30-day cost₹801

Annual cost₹9,751

* 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 SUMMITSEC with MTF?

If you invest

₹10,000

Stock value you hold₹28,612

Share India funds₹18,612

Margin used34.95%

If you invest

₹50,000

Stock value you hold₹1,43,062

Share India funds₹93,062

Margin used34.95%

If you invest

₹1,00,000

Stock value you hold₹2,86,123

Share India funds₹1,86,123

Margin used34.95%

Frequently Asked Questions - SUMMITSEC MTF

What is the MTF margin for SUMMITSEC?

Upstox: 35.00%, Dhan: 40.00%, Kotak Neo: 100.00%, Share India: 34.95%. The lowest margin is 34.95% on Share India, meaning you only need to pay ₹3495.0000000000005 to buy ₹10,000 worth of Summit Securities shares.

Which broker is cheapest for SUMMITSEC MTF?

For margin percentage, Share India offers the lowest at 34.95% (2.9x 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 SUMMITSEC 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 SUMMITSEC on margin?

Yes, Summit Securities (SUMMITSEC) is available for Margin Trading Facility (MTF) on Upstox, Dhan, Kotak Neo, Share India. 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 SUMMITSEC 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 SUMMITSEC?

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 SUMMITSEC?

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 SUMMITSEC 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 Summit Securities (SUMMITSEC) Margin Trading

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

Currently, Share India offers the best MTF margin of 34.95% for SUMMITSEC. This means you can buy ₹1,00,000 worth of Summit Securities shares by paying just ₹34,950, with Share India funding the remaining ₹65,050.

MTF Interest Rates for SUMMITSEC - Broker Comparison

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