Trade with up to 4X leverage at 12% p.a.

Chola Securities offers MTF under four pricing plans with interest rates ranging from 12% to 14% p.a., all charged monthly. The Trade Plus plan offers the lowest interest rate at 12% p.a. and includes priority research calls and a higher leverage tier. The Trade Start plan is available at 14% p.a. and is suited for entry-level intraday and MTF traders. The Invest Start plan at 14% p.a. is designed for delivery investors who want to use their holdings as margin. The Invest Premier plan at 13% p.a. includes premium investor benefits and a dedicated relationship desk. All interest is billed once a month, not daily, which keeps the effective cost lower than daily-interest alternatives.

Chola Securities offers leverage of up to 4X under the Margin Trading Facility. This means if you have Rs 25,000 as margin, you can take a position of up to Rs 1,00,000 in eligible NSE-approved stocks. The actual leverage available depends on the specific scrip, the margin requirement set by SEBI and the exchange, and the MTF plan you have opted for. Leverage is not uniform across all stocks and is subject to change based on exchange regulations.

MTF on Chola Securities is available for selective approved securities traded in the NSE cash segment. These include a curated universe of NSE-listed stocks that meet SEBI's and the exchange's eligibility criteria for margin trading. The list of eligible stocks is updated periodically and is available within the Chola Securities app and web platform. BSE-listed stocks and derivative segment instruments are not eligible for MTF. Chola Securities' research team also publishes high-conviction MTF stock recommendations with recco price, target price, and stop loss to help investors identify suitable opportunities.

MTF amplifies both potential gains and potential losses. A small adverse price movement in a leveraged position can result in a loss significantly larger than your initial margin. If the value of your position falls below the required margin threshold, Chola Securities will issue a margin call requiring you to either add funds or pledge additional approved securities. If the margin call is not honoured within the stipulated time, the broker may liquidate your position at the prevailing market price. Investors are advised to use MTF only with a clear risk management plan, defined stop losses, and regular monitoring of their positions.

To activate MTF on Chola Securities, you need an active demat and trading account with Chola Securities. Complete the quick paperless KYC process and accept the MTF terms and conditions to activate the facility. Once activated, add margin by bringing in cash or pledging approved holdings as collateral. You can then browse the MTF-eligible stock universe or choose from Chola Securities' research team's high-conviction MTF calls and place your buy order under the MTF product. The entire process is digital and can be completed through the Chola Securities app or web platform.