m.Stock by Mirae Asset launches 'Margin Trade Facility (MTF)'@ 7.99%

m.Stock by Mirae Asset today, announced the launch of a Margin Trade Facility (MTF) option for traders at an interest rate starting at 7.99%* one of the lowest in the industry. Christened ‘eMargin’, the facility enables traders and investors to get access to instant funding to meet their margin requirements while dealing in equities.

With this, traders can get 80% of their margin funded, and use it to purchase shares at low interest rates ranging from 7.99% -  9.49% at the click of a button across over 700 stocks. They can even hold on to the shares for an unlimited period, at no additional cost. Moreover, in keeping with the m.Stock ‘Future Without Brokerage’ philosophy, traders will get the benefit of undertaking unlimited number of trades without having to spend a single rupee on brokerage.

Speaking about the launch, Mr. Jisang Yoo, Chief Executive Officer, Mirae Asset Capital Markets (I) Pvt. Ltd. said, “We, at the Mirae Asset Group, remain laser-focused in our commitment at bringing first in the industry innovative financial solutions for customers across the spectrum that can cater to their varied financial requirements. ‘eMargin’ as a proposition has been specially curated for investors who prefer to trade in higher value and volumes. In fact, we have gone a step further, to provide customers with the benefit of an extremely competitive rate of interest which will help them expand their investment threshold, without having to worry about their finances. Going forward, we will continue introducing more such services that add value to a customers’ overall trading experience.”

Elaborating further, Mr. Arun Chaudhry, Director & Chief Business Officer, Mirae Asset Capital Markets (I) Pvt. Ltd. said, “Off late, markets have been very volatile with a negative bias creating many buying opportunities in fundamentally strong companies. To ensure that our investors never miss out on any such lucrative opportunities due to lack of funds we at m.Stock are very excited to launch MTF (eMargin) which is an exchange approved funding products for delivery (cash) based transactions at unmatched rate of interest, flexibility to hold on to their portfolios at no additional cost, as well as facilitating unlimited trades without having to pay a single rupee as brokerage for lifetime. I do believe, we have created a strong proposition which shifts the ‘needle of choice’ back in the customer’s hand and enables him/her to make informed decisions pertaining to their investment journeys.”