Margin Calculator for Indian Stock Market Traders
Calculate margin requirements for stock trading in India. Get instant calculations for equity delivery, intraday, F&O trading with broker-wise comparisons for NSE/BSE markets.
Why Use Our Margin Calculator?
- 📊 Segment-wise margin insights for NSE/BSE trading
- 📈 Broker-wise leverage comparison for informed decisions
- 🔒 Reliable, ad-free & focused on Indian market regulations
- 📱 Responsive design optimized for mobile traders
- ⚡ Instant calculations with real-time chart visualization
- 💹 Support for equity, intraday, F&O margin calculations
- 🎯 SEBI-compliant margin requirements and risk analysis
- 💡 Educational content for better trading decisions
Your Margin Calculation
Trade Overview
Total Value: ₹1.0L
Margin Required: ₹20,000
Leverage Used: 5.0x
Risk Analysis
Buying Power: ₹1.0L
Capital Efficiency: 80%
Segment: Intraday
Margin Trading Benefits
Capital Efficiency: You're using only 20.0% of trade value as margin
Enhanced Returns: 5.0x leverage amplifies your potential profits
Capital Optimization: 80.0% of capital (₹₹80,000) available for other investments
Market Opportunities: Increased buying power of ₹1.0L with margin of ₹20,000
Portfolio Flexibility: Diversify with freed-up capital while maintaining position size
Popular Broker Margin Comparison
| Broker | Intraday Margin | Delivery Margin | F&O Margin | Max Leverage |
|---|---|---|---|---|
| Zerodha | 20% | 100% | SPAN + Exposure | 5x |
| Upstox | 20% | 100% | SPAN + Exposure | 5x |
| Angel One | 15-20% | 100% | SPAN + Exposure | 5x |
| ICICI Direct | 25% | 100% | SPAN + Exposure | 4x |
| HDFC Securities | 25% | 100% | SPAN + Exposure | 4x |
What is Margin in Share Trading?
Margin trading allows you to buy stocks by paying only a percentage of the total transaction value upfront. The broker lends you the remaining amount, enabling you to trade with leverage. This amplifies both potential profits and losses, making risk management crucial.
How to Calculate Margin Required?
Basic Margin Formula
Margin Required = (Stock Price × Quantity × Margin %) ÷ 100
- Stock Price: Current market price
- Quantity: Number of shares
- Margin %: Broker requirement
- Total Value: Price × Quantity
Leverage Calculation
Effective leverage shows how much exposure you get for your margin.
- Leverage = 100 ÷ Margin %
- 20% margin = 5x leverage
- 10% margin = 10x leverage
- Higher leverage = Higher risk
Buying Power
Your total trading capacity based on available margin and leverage.
- Buying Power = Available Funds × Leverage
- Depends on segment and broker
- Changes with market volatility
- Subject to margin calls
Risk Management
Essential practices for safe margin trading in volatile markets.
- Use stop-loss orders
- Maintain adequate funds
- Monitor margin requirements
- Understand liquidation risks
Margin Requirements by Segment
Equity Delivery
For delivery-based equity trading, you typically need to pay 100% of the transaction value. Some brokers offer margin funding at interest rates, allowing you to pay a percentage upfront and the rest as a loan.
Intraday Trading
Intraday or day trading offers the highest leverage, typically requiring 10-25% margin depending on the stock and broker. Popular brokers like Zerodha and Upstox offer up to 5x leverage (20% margin) for most liquid stocks.
Futures Trading
Futures margin consists of SPAN (risk-based) and Exposure margin. Total margin is usually 8-15% of contract value. SPAN margin covers 99% of potential losses over one day, while exposure margin provides additional cushion.
Options Trading
Options buyers pay full premium upfront (100% margin). Options sellers need to maintain SPAN + Exposure margin, which varies based on the option's moneyness, time to expiry, and underlying volatility.
Popular Broker Margin Policies
- Zerodha: 20% intraday margin, up to 5x leverage, competitive F&O margins
- Upstox: Similar to Zerodha with 20% intraday margin and 5x leverage
- Angel One: 15-20% intraday margin with additional features for active traders
- ICICI Direct: 25% intraday margin, 4x leverage, higher for traditional broker
- HDFC Securities: Conservative 25% margin, focus on investor education
Margin Examples with Popular Indian Stocks
| Stock | Price (₹) | Quantity | Total Value (₹) | Margin @ 20% (₹) | Leverage |
|---|---|---|---|---|---|
| RELIANCE | ₹2,500 | 40 | ₹1,00,000 | ₹20,000 | 5x |
| TCS | ₹3,800 | 25 | ₹95,000 | ₹19,000 | 5x |
| INFY | ₹1,600 | 60 | ₹96,000 | ₹19,200 | 5x |
| HDFC Bank | ₹1,700 | 60 | ₹1,02,000 | ₹20,400 | 5x |
Margin Trading Risks and Precautions
Risks:
- Amplified losses due to leverage effect
- Margin calls requiring immediate fund infusion
- Forced liquidation if margin requirements not met
- Interest charges on borrowed funds
- Higher impact of market volatility
Precautions:
- Start with smaller positions to understand leverage
- Maintain stop-loss orders for risk management
- Keep extra funds to meet margin calls
- Understand broker's margin policies thoroughly
- Monitor positions regularly during market hours
- Avoid over-leveraging your portfolio
Margin Calculator - Frequently Asked Questions
How is margin calculated in intraday trading?
Intraday margin is typically 10-20% of the total transaction value. For example, if you want to buy stocks worth ₹1,00,000 for intraday trading, you may need only ₹10,000-₹20,000 as margin depending on the broker and stock. This gives you leverage of 5x to 10x.
What margin do I get in Zerodha?
Zerodha typically provides 5x leverage for intraday equity trading (20% margin), up to 1x for delivery trades, and varying margins for F&O based on SPAN and exposure margins as per SEBI guidelines. The exact margin depends on the specific stock and market conditions.
What happens if I don't have enough margin?
If your account doesn't have sufficient margin, your broker may issue a margin call requiring you to deposit additional funds. If not met within the stipulated time, the broker may liquidate your positions to meet margin requirements, potentially at unfavorable prices.
Can margin requirements change during the day?
Yes, margin requirements can change during trading hours based on market volatility, stock-specific events, or regulatory changes. Brokers may increase margins for volatile stocks or during uncertain market conditions to manage risk.
What is the difference between SPAN and Exposure margin?
SPAN (Standard Portfolio Analysis of Risk) margin covers 99% of potential losses over one day using statistical models. Exposure margin is an additional buffer, typically 3-5% of contract value, to handle extreme market movements beyond SPAN calculations.
Is margin trading suitable for beginners?
Margin trading involves significant risk due to leverage and is generally not recommended for beginners. New traders should first gain experience with regular cash trading, understand market dynamics, and develop risk management skills before considering margin trading.
How do I calculate buying power with margin?
Buying Power = Available Cash × Leverage Ratio. For example, with ₹20,000 and 5x leverage, your buying power is ₹1,00,000. However, remember that higher buying power also means higher risk exposure.
Are there interest charges on margin trading?
Yes, brokers typically charge interest on the borrowed amount for margin trading. For intraday trades, there might be no interest if positions are squared off the same day. For carry-forward positions, interest rates usually range from 0.03% to 0.05% per day.
Disclaimer: This margin calculator is for educational and planning purposes only and does not constitute investment advice. Margin trading involves significant risk and can result in substantial losses. Margin requirements may vary by broker and market conditions. Past performance is not indicative of future results. Please consult with qualified financial advisors and understand all risks before margin trading.