HDFC SKY reduces MTF interest rate by 20% to 12% per annum and removes ETF brokerage fees.
HDFC SKY has reduced its Margin Trading Facility (MTF) interest rate by 20%, lowering it from 15% to 12% per annum, equating to 1% monthly. Additionally, it has eliminated brokerage fees on Exchange-Traded Fund (ETF) transactions. These changes aim to reduce costs and enhance trading opportunities for clients, promoting more strategic investing. CEO Dhiraj Relli and COO Sandiip Bhardwaj highlight the focus on financial flexibility and informed trading.
October 25, 2024
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