Borrowing size changes the published Dhan MTF rate
Dhan currently lists 12.49%, 13.49%, 14.49% and 15.49% annual MTF rates across increasing funded-amount bands. That makes the funded balance itself a number worth preserving in every journal entry.
For Dhan TradersMTF trading journal for dhan traders
See real profits, after all MTF costs
QbarTrade → MTF costs + fees + actual net P&LBreaks down interest, fees and other trade costs to show what you actually take away.
Broker → Position + P&LExecutes & displays the position and shows gross P&L.
QbarTrade view
Shows Net P&L after MTF costs
ATHERENERGLong
Net Qty: 240NSE 1,412.00 +24.50 (1.77%)
Gross P&L
Rs8,400.00Total fees
Rs254.37MTF interest
Rs1,340.73MTF Interest (Broker)Broker
Rs1,340.730.04% • 57 days
P&L (After all charges)Net
Net P&L (After fees & MTF interest)
Rs6,804.90Impact
18.99%MTF charges and Net P&L shown upfront.Track true profit after funding cost.
Broker view
Shows Gross P&L only
ATHERENERGDhan
NSE 1,412.00 +24.50 (1.77%)Event
Investment
Invested89,300
P&L+8,400.00
Qty.100
Avg. price.Rs893.00
Avg Exit PriceRs977.00
Shows only gross P&L.MTF interest & charges hidden.
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How it works
Dhan MTF is priced by funded balance, not by one flat interest rate
Dhan's Margin Trading Facility lets you take larger delivery exposure by contributing only the margin required for an eligible stock. Dhan funds the remaining amount, and the applicable borrowing rate changes across published funding slabs.
MTF shares are pledged automatically after purchase
Dhan's current process automatically pledges shares bought through MTF, so the trader does not need to complete a manual pledge step. Pledge and unpledge charges still belong in the all-in trade cost.
Dhan exposes margin, funding and interest before the trade
Dhan's MTF calculator shows your funds, leverage, funded-by-Dhan amount, interest, transaction charges and return estimates. The journal can carry those same inputs forward into post-trade review.
Dhan currently advertises up to 4× leverage and 1,700+ eligible stocks. Rates, stock eligibility and margin requirements can change.
The blind spot
Your Dhan MTF position can change cost before it changes direction
Dhan gives traders detailed MTF tools, but the important numbers do not all move on the same schedule. Funded balance determines interest, interest is posted weekly, and risk can force a position change when margin coverage weakens.
Moving into another funding slab changes the carry assumption
A trade entered while your Dhan funded balance sits in one slab may coexist with later MTF purchases that push the borrowing into another band. Recording the funded balance and applicable rate makes that change visible instead of assuming one permanent cost.
Daily interest and weekly ledger charges tell different stories
Dhan computes the funding cost daily but posts the accumulated MTF interest to the ledger weekly. Waiting for the ledger entry means you may review an open position without the carry already building against it.
A 20% holding-coverage breach can end the trade for you
Dhan says MTF holdings may be auto-sold when required margin is not maintained or Holding Coverage falls below 20%. That turns margin maintenance into part of execution risk, not merely an account-balance detail.
The fix
Make the Dhan MTF ledger part of the trade record
QbarTrade's MTF workflow can keep the market decision and the funding history in the same review: how much Dhan funded, which rate applied, what interest accumulated, and whether margin alerts or delivery conversion changed the trade after entry.
Save the Dhan-funded amount and slab at entry
Store your contribution, funded-by-Dhan amount and applicable rate together. If the borrowing changes later, you still have the original financing context available for comparison.
Compare your running estimate with Dhan's weekly MTF charge
Estimate carry while the trade remains open, then reconcile it against the weekly ledger entry and daily MTF statement. This makes differences easier to investigate before they disappear into a portfolio-level total.
Attach margin alerts and forced reductions to the position
When Dhan requests more margin, coverage drops or RMS reduces the position, record the date and capital change. The final P&L then reflects the path the funded trade actually took.
Using it well
Three Dhan-specific checks for every MTF review
Dhan's combination of interest slabs, automated pledge handling and holding-coverage risk gives you three useful checkpoints that are more actionable than looking at leverage alone.
Check the funded balance before adding another MTF position
A larger funded book can move into another published Dhan interest slab. Note the current balance and estimated rate before scaling so the additional trade is judged with its financing impact included.
Reconcile journal carry with the Dhan MTF statement
Dhan provides a daily MTF statement while interest appears as a weekly ledger charge. Use both to verify funded balance, days outstanding and actual financing cost after each charging cycle.
Treat holding coverage as a live risk metric
A position can remain attractive on the chart while its MTF coverage deteriorates. Log margin alerts, additional funds and conversion-to-delivery decisions before a shortfall turns into an RMS-driven exit.
FAQ
Dhan MTF interest, charges, statement and margin questions
What is Dhan MTF?
Dhan MTF is a Margin Trading Facility for eligible equity delivery positions. You contribute the required margin and Dhan funds the remaining purchase amount, giving you additional buying power while the broker-funded balance remains subject to MTF interest and risk requirements.
What is the Dhan MTF interest rate?
Dhan currently publishes slab-based MTF rates starting at 12.49% p.a.. The published slabs rise to 13.49% p.a., 14.49% p.a. and 15.49% p.a. as the funded amount moves into higher ranges. Dhan's detailed support page also states that very small funded balances up to ₹500 carry no interest.
How is Dhan MTF interest calculated?
Dhan calculates MTF interest on the funded amount, represented by the negative MTF ledger. For the first main slab, the published daily rate is 0.0342% per day. Interest begins according to Dhan's settlement-based MTF process and continues while the funded amount remains outstanding.
Does Dhan charge MTF interest daily or weekly?
Dhan calculates MTF interest daily but posts the accumulated charge to the ledger weekly. This is why a useful MTF journal should estimate carry while a trade is still open and then reconcile that estimate with the weekly MTF charge entry.
What are the main Dhan MTF charges?
Dhan currently lists brokerage at ₹20 or 0.03% per order, whichever is lower, pledge and unpledge charges at ₹15 per ISIN/request + GST, and DP charges at ₹12.50 + GST per ISIN/instruction when the position is sold. Auto square-off charges can also apply when RMS closes a position because of margin shortfall or low holding coverage.
How much leverage is available on Dhan MTF?
Dhan currently advertises up to 4× MTF leverage and 1,700+ eligible stocks on its MTF product page. Actual leverage and required margin are stock-specific, so the journal should record the real contribution and funded amount used on each position.
Do I have to manually pledge Dhan MTF shares?
No. Dhan states that shares bought using MTF are automatically pledged under its current MTF pledge process. Pledge and unpledge charges still apply, but traders do not need to perform the manual pledge flow for each MTF purchase.
Where can I check Dhan MTF interest and statements?
Dhan says users with open MTF holdings receive a daily MTF statement on their registered email. The ledger is also available from Profile > All Statements > Ledger Summary, where weekly MTF interest charges can be reviewed.
What is the 20% holding coverage rule in Dhan MTF?
Dhan uses a Holding Coverage Ratio to monitor MTF risk. If the ratio falls below 20%, Dhan says stocks may be auto-sold to recover the shortfall. A journal should record the margin alert, coverage change, funds added and any forced reduction of the position.
Can Dhan MTF holdings be converted to delivery?
Yes. Dhan provides an MTF-to-delivery conversion workflow. Converting a funded position to delivery changes how the trade is financed, so the conversion date and additional capital used should be recorded as part of the trade history.
What should a Dhan MTF trading journal track?
Track your contribution, funded-by-Dhan amount, interest slab, daily carry estimate, holding days, leverage, brokerage, pledge charges, weekly ledger interest, margin alerts, holding coverage, delivery conversion and final net P&L. That gives you a complete view of the trade's capital cost and risk events.
Dhan MTF journal
Turn Dhan's funded balance into a trade-level cost history.
Keep interest slab, funded amount, ledger charges, margin alerts, coverage changes, notes and net P&L in one MTF review.
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