Margin Against Shares Trading

Margin against shares allows traders to pledge the securities in Demat account to get additional cash leverage for trading in Equity intraday, Future, and Options writing.

The margin on stocks from pledging i.e collateral margin is very used by frequent traders. A list of eligible share is provided by the broker. This list also includes information like "for every ₹100 worth of stock pledged, you'll receive a collateral margin of ₹XYZ (i.e. ₹82)" and haircut %.

There is a cost of pledging i.e. Zerodha charge is ₹60 + GST per pledge request. There is no cost for un-pledging.

A small number of stockbrokers allow pledging shares as collateral. Below is the list:

Brokers offering Margin Against Shares

Broker Brokerage (Eq Intraday) Brokerage (Eq Futures) Brokerage (Eq Options) Active Clients Request Callback Review
Zerodha₹20 per executed order or .01% whichever is lower₹20 per executed order or .01% whichever is lower₹20 per executed order or .01% whichever is lower1,257,180Open AccountZerodha Review
ICICI Direct0.275%0.05% to 0.03%₹95 to ₹35 per lot1,014,293Open AccountICICI Direct Review
HDFC Securities0.05%0.05%₹100 per lot or 1% of the premium (whichever is higher)675,448Open AccountHDFC Securities Review
Upstox₹20 per executed order₹20 per executed order₹20 per executed order555,302Open AccountUpstox Review
Kotak Securities0.049% (both side)0.049% (both side)₹300 per lot538,909Open AccountKotak Securities Review
5paisa₹20 per executed order₹20 per executed order₹20 per executed order380,693Open Account5paisa Review
Motilal Oswal0.05% (both side)0.05% (both side)₹100 per lot (both side)350,068Open AccountMotilal Oswal Review
AxisDirect₹20 per executed order₹20 per executed order₹20 per executed order271,881Open AccountAxisDirect Review
Karvy0.03%0.03%₹30 per lot255,684Open AccountKarvy Review
Edelweiss₹10 or 0.01% whichever lower₹10 or 0.01% whichever lower₹10 or executed order120,218Open AccountEdelweiss Review
IDBI Capital0.05%0.05%₹100 per lot50,228Open AccountIDBI Capital Review
Aditya Birla Money0.03%0.03%₹50 per lot44,609Open AccountAditya Birla Money Review
Indiabulls₹0 (Free)₹15 per trade₹15 per trade43,688Open AccountIndiabulls Review
Trade Smart Online₹15 per executed order₹15 per executed order₹15 per executed order23,794Open AccountTrade Smart Online Review
SAS Online₹0₹0₹012,550Open AccountSAS Online Review
Tradejini₹20 per executed order or .01% whichever is lower₹20 per executed order or .01% whichever is lower₹20 per executed order4,923Open AccountTradejini Review
RMoney₹18 per executed order or .01% whichever is lower₹18 per executed order or .01% whichever is lower₹18 per executed order or .01% whichever is lower1,981Open AccountRMoney Review

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