Buy more with limited funds
Enhance your buying power up to 4 times
Enhance your buying power up to 4 times
As low as 8.7% p.a on funded amount
Use Shares as margin to make optimum use of market opportunities
Get Benefits from our exculsive research for you
|Plan||Delivery Brokerage(%)||MTF Interest rates (p.a)|
|Plan||Delivery Brokerage(%)||MTF Interest rates (p.a)|
| ₹ 1,00,000
Interest will be calculated on the funded amount for the number of days you hold position in MTF. The number of days would start from the exchange pay-in date for the settlement of the respective transaction and charged till the date the funds are actually received. The interest shall be charged per day basis including non-working days.
Interest will be charged for funded amount or Shares as Margin amount blocked against your MTF positions for the number of days you hold.
No, ICICIdirect don’t charge any minimum interest amount.
Default interest rate for your position is charged at 0.05% per day.
You can choose from the prime plan and prepaid plan available to reduce interest rate as applicable for respective plan.
Go to Equity place order page & Select MTF Buy
Select the trade you want to make- the exchange, the stock & price,; Click BUY NOW
Click on proceed to complete the buy transaction- You just traded with MTF! It’s that simple
With the introduction of Pledge Model in September 2020, it is now mandatory for customers to pledge their shares purchased under Margin Trading. Pledging is mandatory for creating limits against demat shares as well
You can check the status of your pledge request on the Open Positions page. Pledge will be created on T+2nd day. When the status shows 'Pledge Created', it means your shares are now pledged.
Note: After the 'T' day market hours, 'Convert To Delivery' option will only be available after your shares are successfully pledged
Yes. You will need to Pledge your shares to hold positions in Margin Trading beyond T+2 days. In case you do not confirm the Pledge for the shares bought under Margin Client mode/Flexi cash product then your positions will be squared off on T+3rd day.
If you have taken a fresh position in Margin Trading, you will receive a link on your Mobile number and E-mail id registered with the Depositories at the end of day, on opening this link and entering your PAN number the page will display a list of all those stocks you bought on that day under which you have taken position under Margin Trading product. You will need to follow below 2 steps:
Step 1: Open the link received from the Depositories, enter PAN and select stocks that you want to proceed with Pledging
Step 2: Click on 'Generate OTP' and authenticate your Pledge by entering the OTP received on your Mobile number and you are done.
You will need to Pledge your shares within T+2 days 9.00 AM of taking any fresh position. The stocks will be pledged on T+2nd day.
Yes, there will be a charge of Rs. 20 + GST for Pledging / Unpledging of MTF Shares in accordance with depositories NSDL and CDSL. These charges are applicable on a per-ISIN basis in each instruction.
You will be able to square off your Margin Trading positions as per the existing process. No OTP authentication will be required to square off your pledged positions.
In case of CTD option, you will be able to do Convert to Delivery (CTD) for your Margin Trading position from Open Positions page on 'T' Day before the end of market hours. However, CTD will not be allowed post T day market hours till the successful confirmation of Pledge in favor of ISEC (Client Securities Margin Funding Account) which will happen on receipt of shares in your demat account.
This would mean that CTD against Margin Trading shares bought on T day will not be allowed post market hours from T day onwards till T+2 days. It will only be allowed from T+3rd day onwards i.e. post confirmation of Pledge and in case of clearing holiday it may be allowed from T+4 day onwards or later depending on continuous clearing holidays.
You will be able to check the status of your unpledged Margin Trading shares in Open Positions > MTF page. The positions for which shares are pending to be pledged will be highlighted in red color.
Yes. You will be allowed to take fresh positions in Margin Trading. However, the shares of all these positions will have to be pledged by T+2 days to continue holding them.
Cut off time for Pledge confirmation is 9.00 AM on T+2nd day.
You will receive the link between 6 PM - 9 PM on T day.
For knowing the status of MTF pledge request, customers can visit the Pending for Delivery (PFD) page and check the "Pledge Status" column. Following are the various statuses which will be visible to the customer-
You can buy stocks by paying an initial small amount called margin amount and rest of the outstanding amount will be funded by ICICI Securities. Stocks bought under this product can be held for T+365 days(T= being Trade date). You can sell/square off the stocks anytime or convert the stocks to delivery (CTD) within 365 calendar days. Interest will be charged for the funded value.
In other words, MTF is leveraged investment product which allows you to buy shares with cash or collateral/pledged shares(SAM).
Unlike for a 'Cash buy' order, you do not have to pay the full order value for MTF order.
You can use your existing shares to create limits which can be used to buy shares in MTF product.
When a stock is bought in MTF, you can either hold it or pay the full amount and take delivery of the stock in your demat account. CTD option is available in Equity tab - open position tab - MTF/Margin.
Under Open Position-Margin/MTF, you can find the 'Convert To Delivery' (CTD) option under Actions column wherein, by paying the remaining outstanding amount, you can take delivery of the stocks.
CTD can be done on the same day or after the pledge confirmation(As per new sebi guideline w.e.f Sep 2020) for MTF position.
No extra charges will be levied for CTD except if CTD is done on same day where delivery brokerage will be applicable for the trade.
Yes, you can sell 100% of the shares bought on previous day in MTF under open positon - MTF.
Once you have an open position in MTF, it is visible under the Margin tab under Open Positions on the same day and under MTF page from next day onwards. Under actions, you will find an option to square off the position.
You will continue holding the shares for T+365 calendar days(T- being the trade day) or take delivery of shares within the specified time.
ICICI securities will square off the trade on T+365 days or as applicable at any time after 3 pm. This is subjected to change / review by ICICI securities Ltd from time to time.
Yes. Your dividend will be credited to your linked bank account.
In order to buy stocks under margin products, a part of the total amount needs to be paid initially. This amount is termed as Initial Margin. Margin differs across stocks and is different for different products. To view Initial and Minimum margin for any stock, visit Stock List page on www.icicidirect.com. You can estimate the margin amount by calculating it as a percentage of total position value.
For example, if Mr. X buys 100 shares of ABC Ltd in Margin Trading at Rs.100 per share, the total value of his purchase becomes Rs. 10,000. If initial margin applicable on ABC Ltd is 30%, it means Mr.X will only have to pay Rs. 3000 to take position in this stock and will get 1 year to payback the remaining Rs. 7000.
You can use cash or pledge shares/shares as margin(SAM) for buying stocks in MTF.
Your position under Margin Trading follows Minimum Margin requirement. Minimum margin is that price beyond which if the current market price falls, the position gets squared off. A way to track your position's performance is by keeping a check on Trigger Price under open position – MTF/Margin. If your stock price is reaching closer to the Trigger Price, it means that your position is incurring a loss and will get squared off on hitting the trigger price. To avoid squaring off of your positions, you can always Add Margin for Margin Trading positions from the Open Positions page.
If the position is squared off on the same day, the brokerage gets charged as per the rate under Margin segment of your selected brokerage plan whereas if the position is carried forward, cash brokerage is charged.
Interest is calculated on the outstanding amount of your open position, i.e., (Total Position Value - Initial Margin paid). In case, where the position is taken using shares as margin/pledge shares (SAM), the interest is chargeable on the entire position value.
Interest is charged from T+2nd day till the end of selling settlement cycle. For ex: If you have taken a position on Monday, June 22, 2020 and carried it forward, interest will be charged from Wednesday, June 24, 2020. Now, if you square off your position on Monday, June 29, 2020, you will be charged interest till Wednesday, July 01, 2020.
Interest is charged at 0.049% per day or 18% per annum. However, the same can be reduced to as low as 0.024% per day or 8.90% per annum with Select Prime and Prepaid plans.
As per SEBI's new guidelines, for the purpose of providing securities as margin, the existing Shares as Margin process is getting replaced by the mandatory Margin Pledge process (via OTP authentication) in Depository system, i.e., you will have to pledge shares in favour of ICICIdirect to avail securities limit.
Similarly, in case of buying shares under Margin Trading facility, you will have to pledge those shares in favour of ICICIdirect to continue holding the positions under Margin Trading.
This new process has been implemented to ensure the safety and security of your shares.
You can create a fresh pledge request by following the below steps
you do not select all stocks while providing pledge confirmation, your unselected stocks will not get pledged and therefore, the limits generated against those stocks will become zero.
If you have neither received any link on your mobile number nor on email id from CDSL/NSDL, please check whether your correct Mobile number and E-mail id is registered with the Depositories. If your contact details are correct and you still haven't received the link-
Click here for the link if you have an NSDL account
Click here for the link if you have a CDSL account
You can track your pledge request from the Request Book under Shares as Margin Section. Once your pledge request is successfully confirmed through OTP authentication the status in the Pledge Book will reflect as "Confirmed".
Yes, there will be a charge of Rs.20 + GST for pledging/unpledging and invoking the Pledge.
A. Please follow below process to check your existing mobile number and email id details: Login to Linked ICICI Bank Internet Banking > Investments and insurance > Demat > View Personal Details
B. To change your mobile number and email with the depository, follow below process: Login to Linked ICICI Bank Internet Banking > Investments and insurance > Demat > Service requests > Registration for Mobile Alerts facility
|Type of Instruction (Per ISIN in an instruction)||Pledging Charges in Rs.|
|Margin Trading Pledge : MTF Pledge Creation/Closure/Invocation||20|
|Shares as Margin Pledge Creation/Closure/Invocation||20|
ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. ( Member Code : 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: firstname.lastname@example.org. Investments in securities market are subject to market risks, read all the related documents carefully before investing. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. Please note, Mutual Fund, Corporate Fixed Deposits, Bonds, IPO, NPS, Wealth Management, Corporate Services, Portfolio Management Services, Alternate investment funds, Tax planning, Succession planning and Loans related services are not Exchange traded products and I-Sec is acting as a distributor to solicit these products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. Please note, Insurance related services are not Exchange traded products and I-Sec is acting as a corporate agent to solicit these products. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Please note Brokerage would not exceed the SEBI prescribed limit.
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Margin Trading is offered as subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017 and the terms and conditions mentioned in rights and obligations statement issued by I-Sec.
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