MTF trading journal for sharekhan traders

Sharekhan Margin Trading Facility lets eligible clients buy approved equity shares by paying part of the trade value as margin while Mirae Asset Sharekhan funds the remaining eligible amount. The funded position remains subject to interest, stock-level margin, pledge and risk-management requirements.

A Sharekhan MTF trading journal keeps your own contribution, Sharekhan-funded amount, holding days, financing cost, pledge status, collateral, margin calls, charges and final net P&L attached to the same funded trade.

Sharekhan historically used Exchange Margin Funding or EMF terminology for its funded equity product. Current Sharekhan pages use Margin Trading Facility or MTF, while pricing still refers to EMF in some places. Both terms are useful when reviewing older Sharekhan records and searching for funding charges.

You contribute the required margin and Sharekhan funds the eligible balance needed for the stock purchase. Sharekhan's current example uses a ₹1,00,000 position with ₹25,000 contributed by the client and ₹75,000 funded by the broker, while noting that actual margin varies by scrip.

Sharekhan's current MTF FAQ states that the minimum margin requirement is 25%, with maximum exposure of up to four times. The actual margin requirement varies by security and can change, so the position-level margin should be saved in the journal.

Mirae Asset Sharekhan's current pricing page lists interest on outstanding Margin Trading Facility debit at 18% per annum. Broker pricing can change, so the rate and actual debit shown for the account should remain the source of truth when calculating a historical funded trade.

For journaling, start with the outstanding amount funded through the MTF position, apply the applicable annual funding rate and track the number of days the funding remained outstanding. The broker ledger should be used to reconcile the final interest actually charged.

Sharekhan's current MTF FAQ says MTF interest is debited to the Equity Trading ledger. Keeping that debit attached to the funded position makes the final net P&L easier to review.

Yes. Sharekhan's MTF FAQ states that a separate MTF ledger is maintained as required under the regulatory framework. This helps distinguish funded MTF activity from the normal trading ledger.

Sharekhan says funded positions are available through the MTF Holding Report across its digital platforms. MTF positions can also be managed through broker reports such as the MTF Collateral Report and DPSR workflow.

Sharekhan says MTF positions can be exited from the MTF Holding Report, MTF Collateral Report or DPSR Report by selecting the MTF Sell action. The resulting P&L is posted to the equity ledger.

Yes. Sharekhan's current MTF FAQ says an MTF position can be squared off on the same trading day.

Sharekhan's current MTF FAQ says an MTF position cannot be converted to Intraday, Delivery or NRML on the trade day. Position handling should therefore remain identifiable as MTF when recording the initial transaction.

Sharekhan's current MTF terms say eligible securities are drawn from Group I securities permitted under the applicable SEBI and exchange framework. Sharekhan may enable a smaller subset according to its own risk-management policy.

Yes. Sharekhan's MTF terms allow it to prescribe margin or collateral haircuts above the regulatory minimum according to its risk-management framework. That is why the margin actually used on the trade should be recorded rather than assuming a permanent 25% requirement.

Yes. Sharekhan allows MTF margin in cash, cash equivalents or eligible pledged equity shares, subject to applicable haircut and broker risk rules. Collateral and broker-funded stocks are identified separately when funding is calculated.

Current Sharekhan terms say funded shares are transferred to the mapped demat account after exchange payout and the client must confirm the MTF pledge through OTP authentication within the broker-prescribed T+1 timeline.

Sharekhan's current terms state that funded-stock pledge confirmation is required through OTP by 12:00 noon on T+1, or within another timeline Sharekhan may prescribe from time to time.

Sharekhan's current terms say the corresponding MTF debit can be transferred to the normal broking ledger when the funded-stock pledge is not confirmed. The shares can subsequently become unpaid-securities collateral, and unresolved debit can lead to risk-management square-off.

Mirae Asset Sharekhan's current pricing page lists pledge under margin funding at ₹30 per transaction. Standard margin pledge is separately listed at ₹20 per transaction, so the funding-related pledge type should be identified correctly when recording charges.

CUSPA refers to the Client Unpaid Securities Pledgee Account workflow used for unpaid securities. Sharekhan's current pricing lists CUSPA pledge at ₹25 plus GST per instruction. It is different from the ordinary MTF funding pledge and should be recorded separately if it affects the trade.

Sharekhan's current MTF FAQ says brokerage for MTF purchases follows the brokerage applicable to regular delivery purchases. Because Sharekhan clients can have different brokerage arrangements, save the account's actual delivery brokerage instead of applying one universal MTF brokerage rate.

Sharekhan continuously monitors MTF margin and can issue a margin call specifying the deficiency. The client must add the required margin within the broker-prescribed period, and funded positions or collateral can be liquidated when a margin call is not satisfied.

Sharekhan's current MTF terms say liquidation following a margin call must follow the broker's declared policy and should not be later than five working trading days from the margin call. Risk action may occur earlier according to market conditions and Sharekhan policy.

Yes. Sharekhan's current MTF terms state that daily margin statements should identify MTF margin and collateral separately, helping traders reconcile the capital supporting each funded position.

Sharekhan changed its MTF workflow in September 2024 so that margin is released immediately when an MTF-funded stock is sold, instead of the earlier T+3 release process. That released margin can be used for fresh positions.

Track position value, your contribution, Sharekhan-funded amount, margin percentage, funded days, MTF interest, pledge status, pledged collateral, MTF ledger entries, brokerage, margin-funding pledge charges, margin calls, RMS actions, gross P&L and final net P&L.

Yes. QbarTrade can keep your own margin, Sharekhan-funded capital, holding duration, financing cost, pledge events, margin changes, notes and final net outcome together so funded trades are reviewed separately from ordinary delivery positions.