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 .03% whichever is lower₹20 per executed order or .03% whichever is lower₹20 per executed order1,746,614Open AccountZerodha Review
ICICI Direct0.275%0.05% to 0.03%₹95 to ₹35 per lot1,091,830Open AccountICICI Direct Review
HDFC Securities0.05%0.05%₹100 per lot or 1% of the premium (whichever is higher)729,868Open AccountHDFC Securities Review
Upstox₹20 per executed order or 0.05% whichever is lower₹20 per executed order or 0.05% whichever is lower₹20 per executed order729,858Open AccountUpstox Review
Kotak Securities0.049% (both side)0.049% (both side)₹300 per lot604,820Open AccountKotak Securities Review
5paisa₹20 per executed order₹20 per executed order₹20 per executed order534,655Open Account5paisa Review
Motilal Oswal0.05% (both side)0.05% (both side)₹100 per lot (both side)396,575Open AccountMotilal Oswal Review
AxisDirect0.05%0.05%Intraday: ₹0.01 per lot | Carry Forward: ₹10 per lot283,378Open AccountAxisDirect Review
IIFL Securities0.05%0.05%1% of Premium or ₹100 per lot, whichever is high228,467Open AccountIIFL Securities Review
Karvy0.03%0.03%₹30 per lot215,272Open AccountKarvy Review
Edelweiss₹10 per executed order₹10 per executed order₹10 per executed order131,874Open AccountEdelweiss Review
IDBI Capital0.05%0.05%₹100 per lot51,744Open AccountIDBI Capital Review
Aditya Birla Money0.03%0.03%₹50 per lot45,212Open AccountAditya Birla Money Review
Indiabulls₹0 (Free)₹15 per trade₹15 per trade43,688Open AccountIndiabulls Review
TradeSmart₹15 per executed order₹15 per executed order₹15 per executed order27,104Open AccountTradeSmart Review
SAS Online₹0₹0₹013,621Open AccountSAS Online Review
Indira Securities0.01%0.01%₹25 per lot (both side)6,902Open AccountIndira Securities 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 lower2,218Open AccountRMoney Review
Tradejini₹20 per executed order or .01% whichever is lower₹20 per executed order or .01% whichever is lower₹20 per executed order0Open AccountTradejini Review

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