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 Rs 100 worth of stock pledged, you'll receive a collateral margin of Rs XYZ (i.e. Rs 82)" and haircut %.

There is a cost of pledging i.e. Zerodha charge is Rs 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
ICICI Direct0.275%0.05% to 0.03%Rs 95 to Rs 35 per lot1,289,023Open AccountICICI Direct Review
HDFC Securities0.05%0.05%Rs 100 per lot or 1% of the premium (whichever is higher)889,126Open AccountHDFC Securities Review
Kotak Securities0.049% (both side)0.049% (both side)Rs 300 per lot688,217Open AccountKotak Securities Review
Motilal Oswal0.05% (both side)0.05% (both side)Rs 100 per lot (both side)495,271Open AccountMotilal Oswal Review
AxisDirect0.05%0.05%Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot415,014Open AccountAxisDirect Review
IIFL Securities0.025%0.025%Rs 25 per lot268,346Open AccountIIFL Securities Review
EdelweissRs 10 per executed orderRs 10 per executed orderRs 10 per executed order147,040Open AccountEdelweiss Review
Ventura0.03%0.03%Rs 50 per lot90,277Open AccountVentura Review
Aditya Birla Money0.03%0.03%Rs 50 per lot52,105Open AccountAditya Birla Money Review
Choice Broking0.02%0.02%Rs 25 per lot51,361Open AccountChoice Broking Review
IDBI Capital0.05%0.05%Rs 100 per lot50,125Open AccountIDBI Capital Review
IndiabullsRs 0 (Free)Rs 15 per tradeRs 15 per trade43,688Open AccountIndiabulls Review
Dhani StocksRs 0 (Free)Rs 0 (Free)Rs 0 (Free)39,237Open AccountDhani Stocks Review
Indira Securities0.01%0.01%Rs 25 per lot (both side)7,902Open AccountIndira Securities Review
GCL Securities0.02%0.02%Rs 25 per lot4,380Open AccountGCL Securities Review
Karvy0.03%0.03%Rs 30 per lot2,064Open AccountKarvy Review

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