MTF with HDFC Sky App

Margin trading facility is available on the stocks which are assigned by Exchange. Follow the below step to buy stock through MTF:

• In the mobile app, when you login, go to search bar and search for stock which you want MTF.
• Clicking on the stock you will get redirected to its details page and then you have to click on BUY button. A new
  screen will open where you will get option to place trade in MTF as shown in below reference image.

• Once you select MTF order type also observe margin value at the bottom of the screen, further you have to click on Review
  Buy Order Screen.

Once you click on Review Buy Order, you will be redirected to CDSL Page for Pledging your stock

Please note, failing to pledge your stocks will invalidate your MTF positions!

• Once you have placed the order you can track the order status in Orders Section.
• The placed MTF orders will appear in your Portfolio’s Position section on T (Trade)day.
• Incase, authorisation ( pledging ) is pending, on Positions, you will see a green badge asking for Authorization.

• Clicking on green badge, on next screen select the quantity you want to pledge and click on “Authorise on CDSL” button.

On clicking ‘ Authorise on CDSL ‘

You will be re-directed to CDSL, where you can enter OTP and authorise the trades.

Failing to do so by 9 PM on T-day, will lead to auto-square off at 1:30 PM on next day.

On T+1 day, the positions will reflect in MTF Positions tab in Portoflio as shown below

You will be sent reminders to pledge your pending MTF trades on T-day, but incase you miss it, on T+1, to safeguard your trades, you only have the option to ‘Convert To Delivery’

You can do this anytime before 1:30 PM ( provided you have enough margin ), to avoid auto-square off of the position.

You can convert your existing MTF positions to delivery as well, via the same way as shown below ->

• Click on the position you want to convert

• Click on Convert
• ( Here you will be able to see other details as well, such as transaction day, days to square off, margin multiplier and so on )

Here, you can select the quantity and convert accordingly.

Once done, it will appear in your Holdings on T+1 day.

Please note, you will be able to hold your MTF Positions for T+999 days. Post which, your positions will be auto-squared off.

Any corporate actions, or scrip being suddenly declared in-eligible for MTF, will also lead to auto-square off.

MTF Charges:

As mentioned above, it is at a minimal rate of 15% per annum only.
Pledging of MTF trades is ₹20 per scrip.