m.Stock by Mirae AssetOpen an Account
m.Stock by Mirae Asset
Pay Later (MTF) from 6.99% p.a.Flip Rupee

Pledge Shares. Get Margin.

Instant 80% margin | ₹0 pledge creation charges

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What is Pledge Shares facility?

Pledge Shares is a facility through which you can pledge your holdings and get margin for trading. With m.Stock, you can pledge stocks and ETFs and get high collateral margin of up to 80% instantly with low haircut.

Boost your trades with instant margin across

  • Options Selling
  • Futures (buying & selling)
  • Equity Delivery using Pay Later (MTF)
  • Intraday trading
  • Investing in ETFs using Pay Later (MTF)

The Pledge Shares advantage with m.Stock

  • Up to 80% margin
  • Sell pledged shares anytime
  • Margin against ETFs
  • Zero pledge creation charges
  • 0 cash trades using Pledge Shares & MTF together
  • Unlimited holding period

Getting instant margin is easy!

  • You have
    0 cash

  • Your holdings
    ₹3,00,000

  • Assumed haircut
    20%

  • Margin received
    ₹2,40,000

  • rupee

    Value of order placed
    ₹2,40,000

Who can avail the Pledge Shares?

Options Traders
For instant margin against holdings to sell/write options!
Intraday Traders
To ride the market wave for daily trades with interest-free margins.
Futures Traders
To buy & sell futures by availing margin up to 80%.
Investors
By transferring holdings to get instant margin & place a big order in stocks & ETFs!

Pledge Shares vs Pay Later (MTF)

DifferencesPledge SharesPay Later (MTF)
PurposeAllows using existing holdings as collateralAllows leveraging on available fund
Collateral requiredExisting shares in the Demat accountNone
Interest chargesCharged on the margin utilisedCharged on the overall funding
Risk of chargesHigher in volatile market conditionsBased on purchased stock performance

Avail Pledge Shares in 3 quick steps

  • 2

    Enter quantity to be pledged 

  • 3

    Use margin to trade BIG

Start your investment journey
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FAQs

What is Pledge Shares?

Pledge Shares is a facility where you can pledge your existing shares with the broker and in return, the broker will give you capital to trade or invest in the stock market.

How does Pledge Shares work?

Say you want to take an intraday position worth ₹1 lakh but you only have ₹50,000 in your trading account. You need another ₹50,000 to place this order. Now assuming you have shares worth ₹70,000 in your Demat account, you can pledge them and get additional margin for trading. In this case, assuming a 20% haircut, you will get ₹56,000 as collateral margin helping you place your desired intraday order.

In which segments can I avail Pledge Shares?

Pledge Shares is available in Intraday, Futures & Options(writing/selling only), across all segments – equity and currency. You can even use margins received under Pledge Shares and take fresh positions under Pay Later (MTF) and enjoy unlimited holding period. Know how you can trade with zero capital.

What interest rate does m.Stock charge on Pledge Shares?

m.Stock does not charge any interest to avail margin with Pledge Shares for Intraday trades. For F&O trades, the interest is ZERO unless there is a margin shortfall. In case of a margin shortfall, an interest of just 0.0274% per day, is charged.

How much interest is charged on Pledge Shares?

m.Stock charges 9.99% p.a. interest on Pledge Shares, which is one of the lowest in the market. So, if you take funding worth ₹100, you will pay ₹9.99 interest in a year, which is ₹0.027 in a day. To elaborate, here are 3 scenarios:



Value of existing stock portfolioHaircutFunding received after haircutInterest payable (@ 9.99% p.a.)
₹10,00010%₹9,000₹899
₹1,00,00015%₹85,000₹8,492
₹10,00,00020%₹8,00,000₹79,920