Mirae Asset Sharekhan MTF Review

• MTF for Delivery Trades: Buy approved equity shares by paying only a margin, while the broker funds the remaining amount.
• Flexible Margin Options: Margin can be provided in cash or pledged shares as collateral.
• Enhanced Buying Power: Take higher exposure in the Equity Cash segment than your available funds.
• Dynamic Margin Requirement: Margin % varies by stock as per regulatory and internal norms.
• Dedicated MTF Report: Track all funded positions through a separate holding report.
• BigTrade+ (Cover Orders): Intraday leverage with a mandatory stop-loss and auto square-off at 3:15 PM.
• BigTrade (MIS): Intraday leverage in equity and commodities with auto square-off and delivery conversion option.
• Investment Facility: Short-term leverage (up to 5 days) using existing holdings as collateral.
• Loan Against Mutual Funds: 10.25% p.a. on utilised amount.

Steps to activate MTF in Sharekhan (Website):

1. Log in to www.sharekhan.com , hover your mouse cursor over your name on the top-right of the screen, and click on Profile from the dropdown list.
2. On the bottom-left of the window that opens, you can see your MTF Status. If it is not activated, it will show as Not Active (Apply), as seen below. Click on Apply to get started.
3. A confirmation pop-up will appear, outlining the details and benefits of MTF. Go through them and tick the checkbox before I agree with the Terms and Conditions and click on CONFIRM.

Once you have done that, the Margin Trading Facility will be activated immediately for your account.

How to activate MTF and place orders (on App and TradeTiger)

• Step 1: Select the stock you wish to trade, either from Market Watch or from Scrip Search.
• Step 2: Tap on BUY to open the order window. Select Buy MTF (on app) / MTF Buy
• (on website)/ MTF (on TradeTiger) from the options in the Action dropdown and click on PLACE ORDER.
• Step 3: To activate MTF, read the benefits in the displayed pop-up, check the box, agree to the Terms and Conditions, and click SUBMIT/CONFIRM.
• Step 4: Enter Quantity and Price. Click on the Place Order button.
• Once the order executes, check the Order Book and Net Positions.

How to Use Mirae Asset Sharekhan MTF

• Place an equity delivery buy order in an approved stock
  • From the web, app, or terminal, place a Delivery order in an MTF-eligible equity cash scrip and choose the MTF option (where enabled in your interface).
  • Example: For a ₹1,00,000 delivery purchase, you may pay only 25% (₹25,000) as margin, with Mirae Asset Sharekhan funding the remaining ₹75,000.
• Hold and monitor your funded positions
  • Your MTF positions appear in a separate MTF Holding Report, helping you track funded stocks separately.
  • Regularly monitor price movements, margin utilisation, and broker communications on margin changes or calls.
• Manage margin and respond to calls
  • If market moves or policy changes reduce your margin buffer, you may need to add more cash/collateral to maintain required margins.
  • Failure to rectify margin shortfalls can lead to partial or full square-off of MTF positions as per the broker’s RMS policy and SEBI rules.
• Exit/square off the MTF position
  • Sell funded shares from your MTF holdings; proceeds repay the funded amount and interest, and any surplus is credited back to you.
  • You can also convert MTF positions into fully paid delivery by clearing the outstanding funding.

Mirae Asset Sharekhan Margin Calculator & Platforms:

Margin Calculator

Sharekhan’s online margin calculator helps estimate required margin and available leverage for intraday and delivery trades. It factors in SPAN, VaR, ELM, and exposure margins, giving clarity on margin blocked, leverage available, and risk limits before placing trades.

Trading Platforms

• Web & Mobile App: All-in-one platform for equities, derivatives, mutual funds, and research-backed trading
• Trade Tiger: Advanced desktop terminal with charting tools and multiple order types for active traders
• Investiger: Focused app for long-term investing with curated stock baskets

Support & Scale

• Wide network of 4,000+ outlets across 900+ locations
• Backed by 30+ years of experience with a large customer base and strong asset base

Sharekhan provides robust tools and platforms that combine margin insights, trading execution, and research support for both active traders and long-term investors.

Pros:

• SEBI‑regulated and exchange‑approved MTF with a clear rights and obligations framework.
• Multiple leverage options – MTF for delivery, BigTrade/BigTrade+ for intraday, Investment facility for short‑term holdings.
• Strong RMS: ability to revise margins, defined liquidation timelines, and segregation of funded and collateral stocks.
• In‑house research across equity, F&O, currency, commodity, mutual funds, and thematic baskets through InvesTiger.

Cons:

• Interest cost on funded amounts can be high; repayment is effectively on demand at the broker’s discretion.
• Product complexity can be high for beginners; it requires an understanding of each facility’s rules and auto square‑off timings.
• A broker can increase margin or liquidate positions unilaterally as per policy, which can surprise clients who don’t actively monitor margins.
• A full-service model usually entails higher effective trading costs than bare‑bones discount brokers (exact slabs vary by plan).

Mirae Asset Sharekhan’s margin funding offering combines MTF for delivery trades with intraday and short-term leverage products like BigTrade, BigTrade+, and the Investment facility. With up to 4X leverage, access to 800+ approved stocks, and funding support of up to Rs 15 lakhs, it enables investors to take larger positions with limited capital.

The facility is supported by competitive interest rates (around 7.99% p.a.), flexible margin through cash or pledged shares, and multiple order types for better execution. However, as with any leveraged product, investors should factor in interest costs and market risks. Overall, it is well-suited for active and informed traders looking to efficiently utilize capital across delivery and intraday strategies.

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