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SAIL (SAIL) — MTF Margin Comparison

Exchange: NSE · Available on 3 brokers · Updated daily

Best MTF Rate: 27.8% on Zerodha(3.6x leverage)

MTF Margin Comparison — SAIL

Upstox
33.62%
Margin Required
Leverage3.0x
You Pay3,362
You Get₹10,000
Interest18.25% p.a.
Max Hold365 days
BEST
Zerodha
27.8%
Margin Required
Leverage3.6x
You Pay2,780
You Get₹10,000
Interest14.6% p.a.
Max HoldUnlimited
Groww
Not Available
Dhan
40.62%
Margin Required
Leverage2.5x
You Pay4,062
You Get₹10,000
Interest12.49% p.a.
Max HoldUnlimited

SAIL — Complete Broker Comparison

ParameterUpstoxZerodhaDhan
MTF Margin33.62%27.8%40.62%
Leverage3.0x3.6x2.5x
You Pay (per ₹1L)33,62027,80040,620
Broker Funds (per ₹1L)66,38072,20059,380
Interest Rate (p.a.)18.25%14.6%12.49%
Daily Interest Cost₹20 per ₹40,000 slab/day₹40 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
Pledge Charges₹20 per stock (one-time)₹15 + GST per ISIN₹30 + GST per ISIN
Max Holding Period365 daysUnlimited (maintain margins daily)Unlimited (maintain margins)
Max Borrowing Limit₹25 lakhNo 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 coverage < 20%

Zerodha offers the best margin of 27.8% for SAIL, while Dhan requires 40.62% — a difference of 12.8 percentage points. This means you save ₹12,820 per ₹1 lakh invested by choosing Zerodha.

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

Upstox
Your capital33,620
Broker funds66,380
Daily interest33
30-day cost996
Annual cost12,114
Zerodha
Your capital27,800
Broker funds72,200
Daily interest29
30-day cost866
Annual cost10,541
Dhan
Your capital40,620
Broker funds59,380
Daily interest20
30-day cost610
Annual cost7,417

* 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 SAIL with MTF?

If you invest
10,000
Stock value you hold35,971
Zerodha funds25,971
Margin used27.8%
If you invest
50,000
Stock value you hold1,79,856
Zerodha funds1,29,856
Margin used27.8%
If you invest
1,00,000
Stock value you hold3,59,712
Zerodha funds2,59,712
Margin used27.8%

Frequently Asked Questions — SAIL MTF

What is the MTF margin for SAIL?

Upstox: 33.62%, Zerodha: 27.8%, Dhan: 40.62%. The lowest margin is 27.8% on Zerodha, meaning you only need to pay ₹2780 to buy ₹10,000 worth of SAIL shares.

Which broker is cheapest for SAIL MTF?

For margin percentage, Zerodha offers the lowest at 27.8% (3.6x 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 SAIL 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 SAIL on margin?

Yes, SAIL (SAIL) is available for Margin Trading Facility (MTF) on Upstox, Zerodha, 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 SAIL 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 SAIL?

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 SAIL?

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 SAIL 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 SAIL (SAIL) Margin Trading

SAIL (SAIL) is listed on the NSE and is eligible for Margin Trading Facility (MTF) across 3 major Indian brokers: Upstox, Zerodha, Dhan. MTF allows you to buy SAIL shares by paying only a fraction of the total value, with the broker financing the rest.

Currently, Zerodha offers the best MTF margin of 27.8% for SAIL. This means you can buy ₹1,00,000 worth of SAIL shares by paying just ₹27,800, with Zerodha funding the remaining ₹72,200.

MTF Interest Rates for SAIL — Broker Comparison

The cost of holding SAIL 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 SAIL 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 SAIL 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 SAIL directly through our Scalper Terminal.