MTF interest rates comparison
Standard financing rates at Zerodha, Groww and Angel One, from dated official disclosures. Compare the same funded balance and chargeable days; brokerage and other costs remain separate.
The illustration assumes ₹1,00,000 financed by the broker for 30 chargeable days with no balance changes. Your own contribution is excluded from the funded amount. Brokers use different accrual rules, so identical holding dates need not produce the same billed days.
Facts checked through (oldest MTF profile fact)Standard rates and interest-only illustrations
Scroll the table horizontally to read all columns on smaller screens. Daily equivalents are comparison context; the calculation retains the native rate’s precision.
| Broker / plan | Published native rate | Daily comparison basis | ₹1 lakh / 30 chargeable days | Interest days / posting | Oldest MTF fact date / details |
|---|---|---|---|---|---|
| ZerodhaStandard MTFOfficial source · | 0.04% per dayOfficial source · | Published daily rate: 0.04% per day. No annual conversion needed. | ₹1,200.00Estimated simple interest only. | Interest starts on T+1 and continues until the stocks are sold, according to the MTF FAQ.Official source · | Independent of ordinary brokerage verification dates.Zerodha MTF charges |
| GrowwStandard MTFOfficial source · | 14.95% per yearOfficial source · | ≈0.040959% per dayDerived: 14.95% /365. Rounded here only; native annual rate drives the illustration.Official source · Broker quote: ≈0.041% per day; not a calculation input.Official source · | ₹1,228.77Estimated simple interest only. | Interest accrues on the end-of-day outstanding funded balance and is charged monthly or when positions exit, whichever is earlier (terms, section 12).Official source · | Independent of ordinary brokerage verification dates.Groww MTF charges |
| Angel OneStandard MTFOfficial source · | 0.041% per dayOfficial source · | Published daily rate: 0.041% per day. No annual conversion needed. | ₹1,230.00Estimated simple interest only. | Interest runs from the purchase date through the day before sale or conversion to delivery, including non-trading days.Official source · | Independent of ordinary brokerage verification dates.Angel One MTF charges |
How the financing comparison works
Daily tariffs use funded balance × whole chargeable days × daily percentage /100. Annual tariffs first divide the published annual percentage by the broker’s recorded day basis. Groww’s annual /365 formula retains precision; its rounded daily quote does not replace that formula. Only the final rupee illustration is rounded to two decimals.
The comparison excludes brokerage, taxes, DP/pledge and unpledge charges, recurring fees and penalties. Their amounts and charging units differ, so a lower interest illustration does not establish the lowest total trade cost. Read each linked MTF fact page for the broker’s separate charge descriptions and sources; ordinary cash-delivery tariffs should not be substituted for MTF charges.
Coverage and borrowing context
This pilot covers three recorded standard tariffs, not every Indian broker or every plan. Conditional introductory promotions, slabs and paid-plan variants are excluded. Missing brokers or fields do not establish that funding is unavailable or free. Activation, stock eligibility and account-specific funding limits must be checked directly with the broker.
MTF uses borrowing to invest. Interest remains payable when a stock loses value, and positions may be sold if required margins are not maintained. This comparison does not assess suitability or predict returns. Changing funded balances, default interest, compounding, collateral haircuts, liquidation thresholds and date-to-day conversion are outside the illustration. Tariffs can change after the displayed verification dates.
MTF interest comparison FAQ
This pilot compares the recorded standard MTF plans at Zerodha, Groww, Angel One. It does not cover every Indian broker, paid-plan variant, slab or conditional promotion. Absence does not mean that MTF is unavailable or free.
Use the actual broker-funded balance and whole chargeable days. Daily tariffs multiply funding by days and the daily percentage divided by 100. Annual tariffs first divide the annual percentage by the recorded day basis. Derived daily equivalents are rounded display context; the native rate drives the estimate and only the final interest display is rounded.
Not necessarily. Brokers use different accrual and posting conventions, shown in the table with dated sources. Equal chargeable days isolate the financing-rate comparison; they do not establish equal bills for identical holding dates. No settlement or holiday calendar is calculated here.
No. Interest excludes brokerage, taxes, DP/pledge and unpledge costs, recurring fees and penalties. Read the linked broker MTF pages for their own cost descriptions and charging units. Ordinary cash-delivery charges should not replace MTF tariffs.
No. This comparison uses recorded standard tariffs. Conditional offers, promotional expiry, reversal mechanics, paid-plan variants and slabs need separate sourced terms and are outside this pilot.
No. It compares financing interest on a fixed funded balance. Interest is payable even when the investment falls, and positions may be sold if required margins are not maintained. Suitability, returns, stock eligibility, collateral and liquidation thresholds are not assessed.