@MohammedFaisal Any updates on this?
So who all are coming again to zerodha for 0.04% per day MTF?
Perhaps their value of capital is excessive. Actually upset although. All this wait turned out to be for nothing.
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However Noone Is Charging Much less Besides Financial institution Primarily based Brokers
I didn’t know that, however nonetheless. Ultimately they’re opponents.
Mortgage charges are extra related than they’re totally different regardless of the price of capital being considerably totally different for various lenders.
So why ought to MTF be any totally different?
(That is simply my take)
They Will Undoubtedly Look For Income Supply From Every Of Their Product, I Imply If NBFC Is Charging Say For Instance 10% ,They Will Cost Further Few %age To Meditate These Issues, They Are Doing Enterprise Afterall, However Anyway I Realized Someplace That They Will Cost 0.035% Per Day However Now They Got here Up With Larger Charges That’s Disheartening
For Place Above 5Cr 6.99
However For Beneath 5 It’s 9.99%
Nonetheless They Are Good
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@MohammedFaisal @nithin Have we given up on it?
Wait till you hear Upstox MTF Price.
₹40 for each ₹40001 borrowed. That equals to a whopping 36.5% annualized. My bank card has decrease revolving price than this.
Nice information! I opened angel one and Bajaj Broking just for MTF for swing trades. That mentioned, I’m nonetheless utilizing Zerodha for investing.
Hope MTF shall be lively on Zerodha and may wholeheartedly switch for funds from others brokers and use them right here for Swing trades. Since Zerodha is my first demat account and I keep in mind I opened them by submitted the appliance personally to JP nagar workplace coming from Tumkur.
Lastly can’t watch for the MTF to be launched quickly! Cheers
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gautham26:
Lastly can’t watch for the MTF to be launched quickly!
MTF is stay for beta, if you wish to take part in it you’ll be able to DM me your id, for beta mtf isn’t allowed for single ledger and NRI accounts.
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Its Rs20 per 40k in upstox @thisisbanerjee
@sn88, A cost of ₹20 per ₹40,000 borrowed is utilized in slabs of 40k. So, should you borrow ₹40,001 or ₹40,100 as much as ₹80,000, you’ll be charged ₹40.
That’s why @thisisbanerjee talked about ₹40 for borrowing ₹40,001.
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Oops, i missed Re1 additional. Thanks for correcting. % is healthier.
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Thank sir for activating my MTF. Took place few days again and the method is pledging is really easy in comparison with different brokers. However solely factor is v want place the order from kite net and in addition exiting the place. I assume as soon as this function roll out, it is going to be accessible in kite app additionally.
It’s actually attention-grabbing to see that persons are keen to pay 50% increased curiosity value for MTF as in comparison with the bottom rate of interest accessible available in the market, only for utilizing Zerodha platform…
That is astounding! nonetheless is it smart or foolishness varies individual to individual, however it actually negates the outdated saying in inventory market that the traders and merchants ought to solely love revenue, in the event that they need to generate income.
There are platforms charging brokerage in % and there may be buyer addition each month. Why? There’s something at all times which a gaggle of consumer loves. It’s past P&L. That is good for a wholesome brokerage market. At current the platform utilization are fairly concentrated. Atleast High 10 12 brokers ought to have comparable consumer base for a wholesome market development in future and lesser danger.
