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The New India Assurance Co (NIACL) — MTF Margin Comparison

Exchange: NSE · Available on 4 brokers · Updated daily

Best MTF Rate: 28.63% on Groww(3.5x leverage)

MTF Margin Comparison — NIACL

Upstox
33.63%
Margin Required
Leverage3.0x
You Pay₹3,363
You Get₹10,000
Interest18.25% p.a.
Max Hold365 days
Zerodha
33.63%
Margin Required
Leverage3.0x
You Pay₹3,363
You Get₹10,000
Interest14.6% p.a.
Max HoldUnlimited
BEST
Groww
28.63%
Margin Required
Leverage3.5x
You Pay₹2,863
You Get₹10,000
Interest14.95% p.a.
Max HoldUnlimited
Dhan
33.63%
Margin Required
Leverage3.0x
You Pay₹3,363
You Get₹10,000
Interest12.49% p.a.
Max HoldUnlimited

The New India Assurance Co — Complete Broker Comparison

ParameterUpstoxZerodhaGrowwDhan
MTF Margin33.63%33.63%28.63%33.63%
Leverage3.0x3.0x3.5x3.0x
You Pay (per ₹1L)₹33,630₹33,630₹28,630₹33,630
Broker Funds (per ₹1L)₹66,370₹66,370₹71,370₹66,370
Interest Rate (p.a.)18.25%14.6%14.95%12.49%
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)
Brokerage0.1% or ₹20/order (whichever is lower)0.3% or ₹20/order (whichever is lower)₹20 per order (flat)₹20 per order
Pledge Charges₹20 per stock (one-time)₹15 + GST per ISINAuto-pledged (included)₹30 + GST per ISIN
Max Holding Period365 daysUnlimited (maintain margins daily)Unlimited (maintain margins)Unlimited (maintain margins)
Max Borrowing Limit₹25 lakhNo published limitNo published limit₹1 crore (₹20L per stock)
Auto Square-OffAuto square-off if margin shortfall not met by T+4Auto square-off if margin falls below minimumAuto-liquidation if margin falls below requirementAuto-liquidation if margin coverage < 20%

Groww offers the best margin of 28.63% for NIACL, while Upstox requires 33.63% — a difference of 5.0 percentage points. This means you save ₹5,000 per ₹1 lakh invested by choosing Groww.

NIACL MTF Interest Cost Calculator (per ₹1 Lakh Investment)

Upstox
Your capital₹33,630
Broker funds₹66,370
Daily interest₹33
30-day cost₹996
Annual cost₹12,113
Zerodha
Your capital₹33,630
Broker funds₹66,370
Daily interest₹27
30-day cost₹796
Annual cost₹9,690
Groww
Your capital₹28,630
Broker funds₹71,370
Daily interest₹29
30-day cost₹877
Annual cost₹10,670
Dhan
Your capital₹33,630
Broker funds₹66,370
Daily interest₹23
30-day cost₹681
Annual cost₹8,290

* 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 NIACL with MTF?

If you invest
₹10,000
Stock value you hold₹34,928
Groww funds₹24,928
Margin used28.63%
If you invest
₹50,000
Stock value you hold₹1,74,642
Groww funds₹1,24,642
Margin used28.63%
If you invest
₹1,00,000
Stock value you hold₹3,49,284
Groww funds₹2,49,284
Margin used28.63%

Frequently Asked Questions — NIACL MTF

What is the MTF margin for NIACL?

Upstox: 33.63%, Zerodha: 33.63%, Groww: 28.63%, Dhan: 33.63%. The lowest margin is 28.63% on Groww, meaning you only need to pay ₹2863 to buy ₹10,000 worth of The New India Assurance Co shares.

Which broker is cheapest for NIACL MTF?

For margin percentage, Groww offers the lowest at 28.63% (3.5x leverage). However, for interest cost, Dhan starts at 12.49% p.a., Zerodha charges ~14.6% p.a., Groww charges 14.95% p.a., and Upstox charges ~18.25% p.a. The total cost depends on both margin percentage and interest rate — compare both before choosing.

What interest rate do brokers charge on NIACL MTF?

Dhan: 12.49% p.a. (lowest, tiered up to 16.49%). Zerodha: ~14.6% p.a. (₹40 per lakh/day). Groww: 14.95% p.a. (₹41 per lakh/day). Upstox: ~18.25% p.a. (₹20 per ₹40K slab/day). Interest accrues from T+1 on the broker-funded amount until you sell.

Can I buy NIACL on margin?

Yes, The New India Assurance Co (NIACL) is available for Margin Trading Facility (MTF) on Upstox, Zerodha, Groww, Dhan. MTF allows you to buy shares by paying only a fraction of the total value. The broker funds the rest and charges daily interest on the funded amount.

How long can I hold NIACL on MTF?

Upstox: maximum 365 days. Zerodha, Groww, and Dhan: unlimited holding period as long as you maintain the required margins daily. If your margin falls below the minimum, the broker will auto-liquidate your position.

What are the pledge charges for NIACL?

Upstox: ₹20 per stock (one-time). Zerodha: ₹15 + GST per ISIN. Dhan: ₹30 + GST per ISIN. Groww: auto-pledged (included in the process). Pledge charges are per ISIN, not per trade — you pay once regardless of quantity.

What happens if margin falls below minimum for NIACL?

All brokers will auto-liquidate your MTF position if margin maintenance is not met. Upstox gives until T+4 to top up. Zerodha and Groww require same-day/next-day top-up. Dhan auto-liquidates if coverage falls below 20%. Always maintain adequate margins to avoid forced sell-off.

What is the maximum borrowing limit for NIACL MTF?

Dhan: up to ₹1 crore total (₹20 lakh per stock). Upstox: up to ₹25 lakh total. Zerodha and Groww: no published maximum limit. Actual leverage depends on the stock's margin requirement set by the exchange.

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About The New India Assurance Co (NIACL) Margin Trading

The New India Assurance Co (NIACL) is listed on the NSE and is eligible for Margin Trading Facility (MTF) across 4 major Indian brokers: Upstox, Zerodha, Groww, Dhan. MTF allows you to buy NIACL shares by paying only a fraction of the total value, with the broker financing the rest.

Currently, Groww offers the best MTF margin of 28.63% for NIACL. This means you can buy ₹1,00,000 worth of The New India Assurance Co shares by paying just ₹28,630, with Groww funding the remaining ₹71,370.

MTF Interest Rates for NIACL — Broker Comparison

The cost of holding NIACL 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 NIACL 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 NIACL 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 1869+ stocks, or use the MTF comparison table to find the best margins across all brokers. You can also trade NIACL directly through our Scalper Terminal.