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    Shares As Margin (SAM)

    Is there any interest charged for using Shares as Margin in the Equity segment? (MTF/Intraday)

    ICICI Direct’s Share as Margin (SAM) feature lets you pledge existing free shares in your Demat holdings to create instant trading limits. These limits can be used to create positions in MTF and Intraday, subject to applicable haircuts — no cash margin needed.

    Interest is charged on these limits when they are used to create position in MTF. The interest rate depends on your brokerage plan and can go as low as 9.65% p.a on the utilized limits.

    No interest is charged for usage of shares as margin limits to create Intraday positions.

    What do I need to keep in mind while pledging shares? How can I track my margin pledge request? What are the applicable Pledge charges for both Margin Trading and Shares as Margin? What is shares as margin (SAM)? What is the Pledge Model? How do I place a fresh request? How much time it takes to generate margin under SAM? What is Haircut in Shares As Margin? Will my shares as margin funding limits change on a day to day basis? How can an increase in Shares As Margin haircut impact you? What is the impact of Hindustan Unilever demerger on the shares pledged by me in Shares as Margin?