What should I do after I place my MTF order?
After your MTF order has been executed, you will be required to pledge the purchased stocks.
As per SEBI's revised policy, shares bought using the MTF facility must be pledged (by the client) by 12:00 p.m. on the settlement date (T+1) for it to be considered as an MTF position. If you fail to do so, it will be considered as a regular delivery trade under the cash segment.
For example, if you buy shares via MTF on Monday, you will be required to pledge these shares by 12:00 p.m. on the settlement date (T+1) for it to be treated as an MTF position.
Refer our article on how to pledge your shares after placing an MTF order.
Please note that MTF pledge charge of Rs. 30 is applicable. Refer our pledge charges article.
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