4X leverage via Margin Trading Facility (MTF)

Starting 23 August 2024, you can avail up to 4X margins via MTF to buy and hold Stocks for 365 days.

What does this mean
– Previously, MTF allowed you to buy Stocks with 50% funds, but now you can buy Stocks with a minimum 25% to 50% upfront funds
– You can take positions of up to ₹50 lakhs via MTF

Things to keep in mind:
– All new positions taken from 23 August 2024 will follow the new margin requirements
– Existing positions taken up until 22 August 2024, where 50% margin was blocked, will be adjusted as per the stock-specific margin requirements by the end of 20 September 2024 and the positions shall be moved as per the new margin criteria from 23 September 2024

Here’s an example of how the existing positions will be treated:

When you place an MTF order, you’ll receive an OTP on the same day to authorise the order on CDSL before 7 PM. This is a regulatory requirement to ensure your MTF positions are pledged in favour of Upstox Securities Pvt. Ltd – MTF Account.

Please enter the OTP on the same day to confirm your MTF order. If not, your order will be converted to Delivery by T+1 day, and if there are insufficient funds, we will square off the positions on T+2 day.

For more details, you can check out the T&Cs here.