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What we Offer

In order to facilitate our customers we have introduced the facility of Margin Trading facility (MTF) under its product category called E-margin. Margin Trading Facility, also referred to as eMargin is an exchange approved product, which eliminates the problem of insufficient funding while you place a delivery trade. That is, with eMargin, you can place a trade in the delivery segment with margin requirement as low as 35% and the remaining being funded by your broker.

Buy more with limited funds. Enhance your buying power up to 3 times

Lower interest rate.

Go cashless. Use Shares as margin to make optimum use of market opportunities

Exclusive handpicked research. Get Benefits from our exclusive research for you

Increased return potential. Increase your returns as a result of increased buying potential through MTF.

Benefit from price movement. Advantageous for investors who want to profit from price movements in the short term.

Steps of MTF Pledge

An important step of availing MTF is completing the Pledge Request. This is a mandatory process introduced by SEBI. When you buy shares under Margin Trading Facility, you have to pledge those shares to continue holding the position. In case you fail to do so, your shares will be squared-off on T+6 day.

Here’s how you can complete your MTF Pledge Process:

1 Once-your-MTF

Once your MTF Trade executed, check your Email/SMS for communication related to MTF Pledge Request Initiated

2 Click-the-CDSL

Click the NSDL link in the Email/SMS (You will be redirected to NSDL’s website)

3 Enter-PAN-Demat

Enter PAN Number

4 Select-Stocks-to-Pledge

Select Stocks to Pledge

5 Generate-OTP.png

Generate OTP

6

Enter received OTP to Authorize and complete the Process

Download MTF Form

Key Features

Margin Trading Facility lets you invest in hand-picked stocks without making a full upfront payment. What’s more is it allows up to 4X leverage on select stocks and allows you to hold them for an indefinite period of time..

Invest more in less funds

Get PSMART and Start Investing

Indefinite holding period

Call from anywhere and Trade

Better yeild on the capital deployed

Integated Tradingview Chat

Attractive interest rate as compared to market

We do instant pledge

Steps to open an Account

Capital Markets is one of the ideal platforms to make long term investments. Peerless allows you to trade in equities at your fingertips with best in className technology & unbeatable research calls. Invest in Capital Markets with smart insights & recommendations from our research desk to get returns in multifolds.

Begin by visiting the official website of Peerless Securities Limited www.peerlesssec.co.in. On the homepage, you'll find the "Open an Account" option. Input your email address and mobile number as requested. This information will be used to generate a One-Time Password (OTP) that will be sent to your provided mobile number.

After receiving the OTP on your mobile, proceed to verify your Permanent Account Number (PAN). Enter your PAN number and date of birth as per your PAN card details. Additionally, you'll receive an email verification mail from Peerless Securities Limited (PSL).

You can choose the KYC verification method that suits you best. Options include fetching KYC data from the KYC Registration Agency (KRA), offline Aadhaar XML-based eKYC, sharing KYC documents via Digilocker, or opting for Video KYC, and access a pre-filled registration form. You'll need to provide the remaining details required to finalize your account registration.

Fill in your bank account number, along with the corresponding IFSC code and any other essential bank details. Additionally, you'll have the opportunity to select the specific trading segments you're interested in. In the same section, you can indicate if you already have an existing demat account that you'd like to use. If you choose this option, provide your existing client ID and DPID or otherwise proceed with new demat account procedure.

Prepare and upload the necessary documents as part of the account opening process. The documents typically include your signature, a selfie photo with your PAN card, a scanned copy of your PAN card, a cancelled cheque or bank statement, and any other relevant documents. Be sure to adhere to the specified size and format guidelines for smooth processing. Additionally, this is the stage where you can choose to nominate a beneficiary for your account.

Carefully read and agree to the provided terms, review all the information you've provided, and choose to e-sign using Aadhaar OTP. Await confirmation regarding your account opening status from Peerless Securities Limited.

Pricing and Charges Details

Capital Markets is one of the ideal platforms to make long term investments. Peerless allows you to trade in equities at your fingertips with best in className technology & unbeatable research calls. Invest in Capital Markets with smart insights & recommendations from our research desk to get returns in multifolds.

Charges Equity Intraday Equity Delivery Equity Futures Equity Options
Brokerage 0.02% 0.2% 0.02% ₹ 25 per Lot.
STT 0.025% on the sell side 0.1% on buy & sell 0.0125% on sell side 0.0625% on sell side (on premium). In case of Options Exercise 0.125% on (Settlement Price * Quantity) to be paid by Buyer
Transaction charges NSE/BSE: 0.00325% NSE/BSE: 0.00325% NSE: Exchange transaction charge: 0.0019% Clearing charge: 0.0005% NSE: Exchange transaction charge: 0.05% Clearing charge: 0.002%
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges + Clearing Charges) 18% on (Brokerage + Transaction Charges + Clearing Charges)
SEBI charges ₹ 10 / crore ₹ 10 / crore ₹ 10 / crore ₹ 10 / crore
NSE IPFT Charges ₹ 10 / crore ₹ 10 / crore ₹ 10 / crore ₹ 50 / crore (On Premium)
Condition Applied* : Above charges are applicable for clients who have registered online. These charges will vary for our offline clients (who can avail extended facilities such as a higher margin and a dedicated RM/Dealer).

Charges Currency Futures Currency Options
Brokerage 0.02% ₹ 20 per Lot
STT No STT No STT
Transaction charges NSE Trans. Chgs.: 0.0009% Clearing charge: 0.0005% NSE Trans. Chgs.: 0.035% Clearing charge: 0.002%
GST 18% on (Brokerage + Transaction Charges + Clearing Charges) 18% on (Brokerage + Transaction Charges + Clearing Charges)
SEBI charges ₹ 10 / crore ₹ 10 / crore
Condition Applied* : Above charges are applicable for clients who have registered online. These charges will vary for our offline clients (who can avail extended facilities such as a higher margin and a dedicated RM/Dealer).

Charges Commodity Futures Commodity Options
Brokerage 0.02% ₹ 50 per Lot.
CTT 0.01% on sell side 0.05% on sell side. In case of Options Exercise 0.125% on (Settlement Price * Quantity) to be paid by Buyer
Transaction charges Exchange txn charge: 0.0026%
Clearing charge: 0.0003% ,
RMS Charge 0.005% (Only NCDEX)
Exchange txn charge: 0.05% Clearing charge : 0.002%
GST 18% on (Brokerage + Transaction Charges + Clearing Charges) 18% on (Brokerage + Transaction Charges + Clearing Charges)
SEBI charges ₹ 10 / crore ₹ 10 / crore
Condition Applied* : Above charges are applicable for clients who have registered online. These charges will vary for our offline clients (who can avail extended facilities such as a higher margin and a dedicated RM/Dealer).


Securities/Commodities Transaction Tax

Tax levied by the government while transacting on the exchanges. Charged as above on both buy and sell sides when trading equity delivery. Charged only on selling side when trading either intraday or in F&O.

Transaction/Turnover Charges

Exchange transaction charges + Clearing charges. Charged by exchanges (NSE,BSE,MCX) and clearing member.

BSE: Flat Rate per Trade Rs 1.50 & Clearing Charges Rs 0.01 per Trade.

Stamp Charges

Charged as per Stamp Duty Act 1899 levied for transacting in Securities on exchanges or depositories

DP (Depository participant) Charges

Please refer DP Section for details

Minimum Contract Note Charges

Peerless Securities Doesn’t Charge any Minimum Contract Note Charges

GST

Tax levied by the government on the services rendered. 18% of ( brokerage + transaction charges)

SEBI Charges

SEBI fees Rs. 5 per cr for cash & Non agri-commodities and Rs. 1/- per crore for Agri-Commodities


*In case no scheme is selected by you then by default AMC as per annual plan will be charged at the end of the first year. For a Corporate Account, the AMC charges applicable from the 1st year are - 1000/- + GST per Annum Plan

Buyback, OFS and NFO Order Charges

No Extra Charges for participating in Buyback, OFS & NFO Orders.

Request for Physical CMR, Contract Note, Ledger, etc.

No Charges for Physical CMR, Contract Note or Ledger Etc.

Disclaimer

Brokerage will not exceed the rates specified by SEBI and the exchanges. All statutory and regulatory charges will be levied at actuals. No Brokerage is charged on expired, exercised, and assigned options contracts.

Way to Trade/Invest in PSL

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Online Trading / Investing


Trade/Invest easily from anywhere through our mobile app PSMART  PSMART and MR-PiP  PiPapp

   

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Call & Trade


Just dial 033 6813 5000 and place your order.

033 6813 5000

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Trade from our Office


Visit any of our 10+ offices near you for a rich trading experience.

PSL Location

Open A/c Contact Support

Frequently Asked Questions

A derivative is a formal financial contract that allows an investor to buy and sell an asset for a future date. The expiry date of a derivative contract is fixed and predetermined. Derivative trading in the share market is better than buying the underlying asset since the gains can be substantially inflated.

Margin Trading Facility or better known as MTF, is a special offer to buyers of shares and securities wherein they can buy worth more than they can afford to pay in cash where you only have to pay a certain percentage of the total amount using cash or margin against pledged shares, while the rest will be funded by Peerless Securities.

MTF facility is pre-activated when you open Demat and Trading account with PSL. If you have missed while account opening, then you require four document and a photograph.
Eligibility Criteria:
  • Must have an active Demat and Trading account with us.
  • MTF can be availed for selective stocks only and margin requirement is stock-specific.
  • Adequate margin needs to be mainbtained for MTF orders.

In such a scenario, your holdings will be converted into normal holdings. Incase of insufficient balances in your account, they will be sold by our systems on T+6 days.

Yes. You can do BTST trades using MTF

MTF holdings can be liquidated by our Risk Management Systems (RMS) under the following circumstances:
  1. MTF holdings have not been pledged within the cut off time.
  2. When required margins are not being maintained.
  3. Holding Coverage has fallen below 20%.
    Example below (refering to Question no. 1):
    A client had Rs. 25,000, he bought a stock of worth Rs. 1,00,000 with 4X leverage provided by PSL.
    Now, if the value of stock falls to Rs. 93,000 client will be squared off as per below formula:
    Combined Ledger : -75,000
    Holding Full Value: 93,000
    Holding Coverage = (-75,000 + 93,000) / 93,000 = 19%

Interest will be calculated on the funded amount for the number of days you hold position in MTF. The number of days would start from the exchange pay-in date for the settlement of the respective transaction and charged till the date the funds are actually received. The interest shall be charged per day basis including non-working days.

Cash as well as non cash holdings can be used as collateral while placing trades via MTF. Available Funds for MTF would be your combined ledger plus pledged holdings.

You can take fresh positions in Margin Trading, as long as you are able to provide sufficient Margin.

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