Margin Against Shares (MAS) or Loan Against Securities (LAS)
Last updated August 22, 2026
This IPO News guide/article covers “Margin Against Shares (MAS) or Loan Against Securities (LAS)”. The page is organized around margin against shares comparison, conclusion, zerodha trade@20, frequently asked questions, 1. how margin against shares actually works?−. IPO News presents the structured facts and tables in its own layout and wording.
Topics Covered
- Margin Against Shares comparison
- Conclusion
- Zerodha Trade@20
- Frequently Asked Questions
- 1. How Margin Against Shares actually works?−
- 2. How to use Margin Against Shares fund?+
- 3. Can I pledge bank fixed deposits-RBI t-bills-govt securities-bonds also?+
- 4. What if I incur losses in trading using my collateral margin?+
- 5. Does the value of the collateral vary everyday based on the underlying value of the pledged holdings?+
- 6. How to get collateral money in your account?+
- 7. How much time it will take to get collateral margin for trade?+
- 8. How much time it will take to get stock back in demat account or after unpledge request?+
- Compare Stock Brokers Side-by-Side
Key Facts
- India's trusted financial research platform since 2015. Live IPO GMP, subscription data, allotment status, Rights Issues, NCDs and unbiased stock broker reviews.
- Cash to collateral ratio is maintained at 50:50 which means 50% of the margin needs to compulsorily come in cash and the remaining 50% can be in terms of collateral margin.
- There can be a special charge by a broker to place a pledge and un-pledge request. This amount varies from broker to broker. Like Upstox charge Rs 50, Zerodha charge Rs 60.
- Want to start your investment journey? Join India's Pioneer Discount Broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.
- If he wants to pledge 1000 Share of YYY which are trading @100 Rs per share in order to take a position in NIFTY future, the value of his pledged request will be
- If applicable haircut on pledged request is 25%, that means Rs 25,000 brokers keep for risk cover and release 75,000 for collateral margin. This amount will show as collateral value in your account.
- It will take T+1 day after unpledged request before cut off time with a broker. For Zerodha its 2:00 PM, for Upstox its 3:00 PM.
- 10 Best Mutual Fund Apps for Investors in 2025
Data Tables
| Haircut | Pledge/Unpledge Cost | Cash:Collateral – Ratio | Short Case (Not able to have 50% cash) | pledge/Unpledge Request | Collateral margin request cutoff time | Unpledge Request Cutoff time | Fund or Stock availability | |
|---|---|---|---|---|---|---|---|---|
| Upstox | By Script or 25% whichever is higher | Rs 50 | 50:50 | Not allowed – Order Reject | By Email | 3:00 PM | 3:00 PM | T+1 |
| Zerodha | By Script | Rs 60 | 50:50 | Allowe order with 0.05% Intrest PD on debit amount. | By Email | 4:00 PM | 2:00 PM | T+1 |
| SAS Online | By Script or 25% whichever is higher | Rs 99 | 25:75 | Not allowed – Order Reject | Online | 3:00 PM | 2:00 PM | T+1 |
| TSO | By Script | Rs 60 on Pledge only | 40:60(For Intraday) 50:50 (All others) | Allowe order with 0.05% Intrest PD on debit amount. | Online | 4:00 PM | 2:00 PM | T+1 |
| MyValueTrade | By Script | Min 50 or .02% | Online | 4:00 PM | 2:00 PM | T+1 | ||
| ICICI Direct | By Script | 0.03 % or minimum of Rs. 50/- | Online | 4:00 PM | 2:00 PM | T+1 | ||
| Sharekhan | By Script | 0.02% or Rs.15/- per transaction whichever is higher | 4 times | Online | 4:00 PM | 2:00 PM | T+1 | |
| Kotak | By Script | 0.05% or Rs.30/- per transaction whichever is higher | 6 Times | Online | 4:00 PM | 2:00 PM | T+1 |
Source record: View original public source ↗