Union Gold ETF (UNIONGOLD) - MTF Margin Comparison

Exchange: NSE · Available on 4 brokers · Updated daily

Best MTF Rate: 29.46% on Anand Rathi(3.4x leverage)

MTF Margin Comparison - UNIONGOLD

Upstox

50.00%

Margin Required

Leverage2.0x

You Pay₹5,000

You Get₹10,000

Interest18.25% p.a.

Max HoldUnlimited

Dhan

31.00%

Margin Required

Leverage3.2x

You Pay₹3,100

You Get₹10,000

Interest12.49% p.a.

Max HoldUnlimited Holding Period

Paytm Money

33.33%

Margin Required

Leverage3.0x

You Pay₹3,333

You Get₹10,000

Interest14.99% p.a.

Max HoldUnlimited

BEST

Anand Rathi

29.46%

Margin Required

Leverage3.4x

You Pay₹2,946

You Get₹10,000

Interest14.99% p.a.

Max HoldUnlimited

Union Gold ETF - Complete Broker Comparison

Parameter	Upstox	Dhan	Paytm Money	Anand Rathi
MTF Margin	50.00%	31.00%	33.33%	29.46%
Leverage	2.0x	3.2x	3.0x	3.4x
You Pay (per ₹1L)	₹50,000	₹31,000	₹33,330	₹29,460
Broker Funds (per ₹1L)	₹50,000	₹69,000	₹66,670	₹70,540
Interest Rate (p.a.)	18.25%	12.49%	14.99%	14.99%
Daily Interest Cost	₹20 per ₹40,000 slab/day	₹34.2 per lakh/day (up to ₹5L)	slab-based	see broker
Brokerage	0.1% or ₹20/order (whichever is lower)	₹20 per order	₹20/order or 0.05%	see plan
Pledge Charges	₹20 per stock (one-time)	₹30 + GST per ISIN	₹20 + GST per ISIN	per ISIN
Max Holding Period	Unlimited	Unlimited Holding Period	Unlimited (maintain margins)	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

Anand Rathi offers the best margin of 29.46% for UNIONGOLD, while Upstox requires 50.00% - a difference of 20.54 percentage points. This means you save ₹20,540 per ₹1 lakh invested by choosing Anand Rathi.

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

Upstox

Your capital₹50,000

Broker funds₹50,000

Daily interest₹25

30-day cost₹750

Annual cost₹9,125

Dhan

Your capital₹31,000

Broker funds₹69,000

Daily interest₹24

30-day cost₹708

Annual cost₹8,618

Paytm Money

Your capital₹33,330

Broker funds₹66,670

Daily interest₹27

30-day cost₹821

Annual cost₹9,994

Anand Rathi

Your capital₹29,460

Broker funds₹70,540

Daily interest₹29

30-day cost₹869

Annual cost₹10,574

* 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 UNIONGOLD with MTF?

If you invest

₹10,000

Stock value you hold₹33,944

Anand Rathi funds₹23,944

Margin used29.46%

If you invest

₹50,000

Stock value you hold₹1,69,722

Anand Rathi funds₹1,19,722

Margin used29.46%

If you invest

₹1,00,000

Stock value you hold₹3,39,443

Anand Rathi funds₹2,39,443

Margin used29.46%

Frequently Asked Questions - UNIONGOLD MTF

What is the MTF margin for UNIONGOLD?

Upstox: 50.00%, Dhan: 31.00%, Paytm Money: 33.33%, Anand Rathi: 29.46%. The lowest margin is 29.46% on Anand Rathi, meaning you only need to pay ₹2946 to buy ₹10,000 worth of Union Gold ETF shares.

Which broker is cheapest for UNIONGOLD MTF?

For margin percentage, Anand Rathi offers the lowest at 29.46% (3.4x 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 UNIONGOLD 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 UNIONGOLD on margin?

Yes, Union Gold ETF (UNIONGOLD) is available for Margin Trading Facility (MTF) on Upstox, Dhan, Paytm Money, Anand Rathi. 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 UNIONGOLD 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 UNIONGOLD?

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 UNIONGOLD?

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 UNIONGOLD 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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Browse All Stocks MTF Comparison Table Trade UNIONGOLD

About Union Gold ETF (UNIONGOLD) Margin Trading

Union Gold ETF (UNIONGOLD) is listed on the NSE and is eligible for Margin Trading Facility (MTF) across 4 major Indian brokers: Upstox, Dhan, Paytm Money, Anand Rathi. MTF allows you to buy UNIONGOLD shares by paying only a fraction of the total value, with the broker financing the rest.

Currently, Anand Rathi offers the best MTF margin of 29.46% for UNIONGOLD. This means you can buy ₹1,00,000 worth of Union Gold ETF shares by paying just ₹29,460, with Anand Rathi funding the remaining ₹70,540.

MTF Interest Rates for UNIONGOLD - Broker Comparison

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