MTF helps you buy shares by borrowing funds from the broker and provides 4x your purchasing power. This service carries a few charges like interest, brokerage, pledging fee and penalties if applicable.

Charges applicable to MTF trade:

Upstox has two plans for MTF trading, ‘Basic’ and ‘Plus’, and the charges differ according to the plan. Here’s a full breakdown of the charges applicable to MTF trades.

• Under the Basic plan

In the MTF Basic plan, you will be charged ₹20/day for every ₹40,000 borrowed under MTF.

For example, you borrow funds worth ₹70,000 under MTF.

Charge on this MTF trade per day will be,

₹20/day (on first ₹40,000) + ₹20/day (next ₹30,000) = ₹40/day.

• Under the Plus plan

Under the MTF Plus plan, you will be charged ₹20/Day for every ₹50,000 borrowed, up to ₹1,00,000. If you borrow more than ₹1 Lac, then the fees applicable will be ₹20/day for every ₹40,000 borrowed.

For example, you borrow ₹1,20,000 under MTF. Charge on this MTF trade per day will be,

₹20/day (first ₹50,000) + ₹20/day (next 50,000) + ₹20/day (remaining ₹20,000) = ₹60/day.

Both plans carry an additional fee of ₹20 (plus taxes) for pledging and unpledging shares with CDSL. Brokerage fee of ₹20/order (₹30/order for UpstoxPlus Plan) will also be added.

Aside from these charges,₹50/order brokerage is charged in case of forcibly squared-off MTF positions. If any penalties are levied on you, you will be charged for them as well.

Once you activate MTF, we will also send a complete list of ‘terms and conditions’ to your registered email ID.