Who can?
MTF facility can be availed at Jainam by all entities such as Individual, HUF, Partnership, Corporate, and LLP. However, if DDPI is not enabled then, the client needs to enable it first. To check your POA status see, How to check whether the POA/DDPI is active or inactive for an account?
Who cannot?
Currently, NRIs and Minors are not eligible for MTF with Jainam.
RELATED FACTS: - - Once Client’s MTF facility is activated, Jainam will fund to client for his purchase of shares in following conditions –
1. If client has purchased MTF Approved security,
2. If client has maintained required margin in form of Cash or Non-cash prior to purchase of security,
3. If client has placed Buy order with MTF product,
4. If client has not breached per client sanction limit amount.
- MTF is only available for those clients whose POA/DDPI is enabled in their Jainam account.To enable your POA/DDPI see, What is Demat Debit and Pledge Instruction (DDPI) and how to activate DDPI?
MTF can be accessed with any of Jainam’s brokerage plans, giving you enhanced buying power. However, the minimum margin required as per the scrip/ISIN has to be maintained in your Jainam account to avail of MTF.To know more see, How much initial margin by the client is required to buy a stock under MTF facility at Jainam?
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