Brokers are starting to act like NBFCs.
If there is a margin shortfall there will be interest charge of 12% annualized, charged daily
I am sure this margin cover will be against a mortgage like shares or mutual funds.
So the risk is fully covered and they get to generate a differential of 4%.
A portion of Futures TO of 1200000 crore, should attract these interest charges and give Angel an excellent profit stream.
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