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Turtlemint Fintech Solutions (TURTLEMINT) - MTF Margin Comparison

Exchange: NSE · Available on 3 brokers · Updated daily

Best MTF Rate: 27.02% on Groww(3.7x leverage)

Turtlemint Fintech Solutions results, Q4 FY25

Quarter ended 2025-03-31

Showing Q4 FY25. Q1 FY27 results were due by now and are not in our data yet, so this is the latest quarter we can show rather than the latest that exists.

TURTLEMINT reported revenue of Rs 289 crore in Q4 FY25. Net profit was Rs -48 crore. EBITDA margin stood at -14.4%.

MetricQ4 FY25QoQYoYYear ago
Revenue289.20 Cr---
EBITDA-41.65 Cr---
EBITDA margin-14.4%---
Net profit-47.90 Cr---
EPS----

Figures in rupees crore, as reported. EBITDA margin is derived from the reported EBITDA and revenue. A dash means the figure was not published for that period, never zero.

Fundamentals Snapshot

Fundamentals updated 18 AugSmall Cap
CMP
₹146
ROE
-36.2%
ROCE
-35.6%
Mkt Cap
₹4,268 Cr

Fundamentals from the Downstox Value Screener (3,124-stock screener universe, updated daily). Not investment advice.

MTF Margin Comparison - TURTLEMINT

Zerodha
27.10%
Margin Required
Leverage3.7x
You Pay2,710
You Get₹10,000
Interest14.6% p.a.
Max HoldUnlimited
BEST
Groww
27.02%
Margin Required
Leverage3.7x
You Pay2,702
You Get₹10,000
Interest14.95% p.a.
Max HoldUnlimited
Paytm Money
100.00%
Margin Required
Leverage1.0x
You Pay10,000
You Get₹10,000
Interest7.99% p.a.
Max HoldUnlimited

Turtlemint Fintech Solutions - Complete Broker Comparison

ParameterZerodhaGrowwPaytm Money
MTF Margin27.10%27.02%100.00%
Leverage3.7x3.7x1.0x
You Pay (per ₹1L)27,10027,0201,00,000
Broker Funds (per ₹1L)72,90072,9800
Interest Rate (p.a.)14.6%14.95%7.99%
Daily Interest Cost₹40 per lakh/day₹41 per lakh/dayslab-based
Brokerage0.3% or Rs. 300 per Rs. 40,0000.1% per order₹20 or 2.5% of trade value (whichever is lower)
Pledge ChargesPayment gateway charges ₹9 + GST₹20 per order₹20/- per Transaction (including ₹5 CDSL charges)
Max Holding PeriodUnlimited (maintain margins)Unlimited (maintain margins)Unlimited (maintain margins)
Max Borrowing LimitNo published limitNo published limitNo published limit
Auto Square-OffAuto square-off if margin falls below minimumAuto-liquidation if margin falls below requirementAuto square-off on margin shortfall

Groww offers the best margin of 27.02% for TURTLEMINT, while Paytm Money requires 100.00% - a difference of 72.98 percentage points. With Groww you put up ₹72,980 less upfront per ₹1 lakh of position - and borrow that much more, on which daily MTF interest accrues.

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

Zerodha
Your capital27,100
Broker funds72,900
Daily interest29
30-day cost875
Annual cost10,643
Groww
Your capital27,020
Broker funds72,980
Daily interest30
30-day cost897
Annual cost10,911
Paytm Money
Your capital1,00,000
Broker funds0
Daily interest0
30-day cost0
Annual cost0

* 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 TURTLEMINT with MTF?

If you invest
10,000
Stock value you hold37,010
Groww funds27,010
Margin used27.02%
If you invest
50,000
Stock value you hold1,85,048
Groww funds1,35,048
Margin used27.02%
If you invest
1,00,000
Stock value you hold3,70,096
Groww funds2,70,096
Margin used27.02%

Frequently Asked Questions - TURTLEMINT MTF

What is the MTF margin for TURTLEMINT?

Zerodha: 27.10%, Groww: 27.02%, Paytm Money: 100.00%. The lowest margin is 27.02% on Groww, meaning you only need to pay ₹2702 to buy ₹10,000 worth of Turtlemint Fintech Solutions shares.

Which broker is cheapest for TURTLEMINT MTF?

For margin percentage, Groww offers the lowest at 27.02% (3.7x 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 TURTLEMINT 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 TURTLEMINT on margin?

Yes, Turtlemint Fintech Solutions (TURTLEMINT) is available for Margin Trading Facility (MTF) on Zerodha, Groww, Paytm Money. 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 TURTLEMINT 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 TURTLEMINT?

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 TURTLEMINT?

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 TURTLEMINT 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 Turtlemint Fintech Solutions (TURTLEMINT) Margin Trading

Turtlemint Fintech Solutions (TURTLEMINT) is listed on the NSE and is eligible for Margin Trading Facility (MTF) across 3 major Indian brokers: Zerodha, Groww, Paytm Money. MTF allows you to buy TURTLEMINT shares by paying only a fraction of the total value, with the broker financing the rest.

Currently, Groww offers the best MTF margin of 27.02% for TURTLEMINT. This means you can buy ₹1,00,000 worth of Turtlemint Fintech Solutions shares by paying just ₹27,020, with Groww funding the remaining ₹72,980.

MTF Interest Rates for TURTLEMINT - Broker Comparison

The cost of holding TURTLEMINT 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 TURTLEMINT 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 TURTLEMINT 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 1920+ stocks, or use the MTF comparison table to find the best margins across all brokers. You can also trade TURTLEMINT directly through our Scalper Terminal.