Hdfc Life Insurance Company Limited (HDFCLIFE) - MTF Margin Comparison
Exchange: NSE · Available on 11 brokers · Updated daily
Fundamentals Snapshot
InsuranceFundamentals updated 23 JulMega CapFundamentals from the Downstox Value Screener (Nifty 500 universe, updated daily). Not investment advice.
MTF Margin Comparison - HDFCLIFE
Hdfc Life Insurance Company Limited - Complete Broker Comparison
| Parameter | Upstox | Zerodha | Groww | Dhan | Kotak Neo | Paytm Money | Pocketful | Fyers | Anand Rathi | Bajaj Broking | Share India |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MTF Margin | 23.21% | 22.80% | 22.78% | 22.00% | 20.00% | 20.00% | 26.78% | 27.03% | 26.71% | 23.00% | 26.60% |
| Leverage | 4.3x | 4.4x | 4.4x | 4.5x | 5.0x | 5.0x | 3.7x | 3.7x | 3.7x | 4.3x | 3.8x |
| You Pay (per ₹1L) | ₹23,210 | ₹22,800 | ₹22,780 | ₹22,000 | ₹20,000 | ₹20,000 | ₹26,780 | ₹27,030 | ₹26,710 | ₹23,000 | ₹26,600 |
| Broker Funds (per ₹1L) | ₹76,790 | ₹77,200 | ₹77,220 | ₹78,000 | ₹80,000 | ₹80,000 | ₹73,220 | ₹72,970 | ₹73,290 | ₹77,000 | ₹73,400 |
| Interest Rate (p.a.) | 18.25% | 14.6% | 14.95% | 12.49% | 9.69% | 7.99% | 5.99% | 12.49% | 14.99% | 11.99% | 14.99% |
| Daily Interest Cost | ₹20 per ₹40,000 slab/day | ₹40 per lakh/day | ₹41 per lakh/day | ₹34.2 per lakh/day (up to ₹5L) | ~₹27 per lakh/day | slab-based | ~₹27 per lakh/day | ~₹27 per lakh/day | see broker | see broker | see broker |
| Brokerage | 0.1% or ₹20/order (whichever is lower) | 0.3% or Rs. 20/executed order, whichever is lower | 0.1% per order | ₹20 per order | ₹20/order or 0.1% | 0.1% of trade value | Minimal broker charges, no hidden fees. | ₹20/order or 0.03% | see plan | ₹10/order | plan-based |
| Pledge Charges | ₹20 per stock (one-time) | ₹15 + GST per pledge request | ₹20 per order | ₹30 + GST per ISIN | ₹20 + GST per ISIN | ₹20/- per Transaction | ₹20 + GST per ISIN | ₹20 + GST per ISIN | per ISIN | per ISIN | per ISIN |
| Max Holding Period | Unlimited | Unlimited (maintain margins daily) | Unlimited (maintain margins) | Unlimited Holding Period | No Time Limit | Unlimited (maintain margins) | Unlimited (maintain margins) | No fixed tenure - square off or carry forward as per your st | Unlimited (maintain margins) | 365 days | Unlimited (maintain margins) |
| Max Borrowing Limit | ₹25 lakh | No published limit | No published limit | ₹1 crore (₹20L per stock) | No published limit | No published limit | 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 falls below requirement | 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 | Auto square-off on margin shortfall | Auto square-off on margin shortfall |
Kotak Neo offers the best margin of 20.00% for HDFCLIFE, while Fyers requires 27.03% - a difference of 7.03 percentage points. This means you save ₹7,030 per ₹1 lakh invested by choosing Kotak Neo.
HDFCLIFE 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 HDFCLIFE with MTF?
Frequently Asked Questions - HDFCLIFE MTF
What is the MTF margin for HDFCLIFE?
Which broker is cheapest for HDFCLIFE MTF?
What interest rate do brokers charge on HDFCLIFE MTF?
Can I buy HDFCLIFE on margin?
How long can I hold HDFCLIFE on MTF?
What are the pledge charges for HDFCLIFE?
What happens if margin falls below minimum for HDFCLIFE?
What is the maximum borrowing limit for HDFCLIFE MTF?
Insurance Sector Peers - MTF Margins
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About Hdfc Life Insurance Company Limited (HDFCLIFE) Margin Trading
Hdfc Life Insurance Company Limited (HDFCLIFE) is listed on the NSE and is eligible for Margin Trading Facility (MTF) across 11 major Indian brokers: Upstox, Zerodha, Groww, Dhan, Kotak Neo, Paytm Money, Pocketful, Fyers, Anand Rathi, Bajaj Broking, Share India. MTF allows you to buy HDFCLIFE shares by paying only a fraction of the total value, with the broker financing the rest.
Currently, Kotak Neo offers the best MTF margin of 20.00% for HDFCLIFE. This means you can buy ₹1,00,000 worth of Hdfc Life Insurance Company Limited shares by paying just ₹20,000, with Kotak Neo funding the remaining ₹80,000.
MTF Interest Rates for HDFCLIFE - Broker Comparison
The cost of holding HDFCLIFE 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 HDFCLIFE 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 HDFCLIFE 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 1903+ stocks, or use the MTF comparison table to find the best margins across all brokers. You can also trade HDFCLIFE directly through our Scalper Terminal.