7 Margin Funding Picks To Buy For Medium Term As Suggested By ICICI Direct

Month on Month leading brokerage firm ICICI Direct comes up with MTF or Marginal funding picks. This is for the aggressive investor class who can have the appetite to make bets based on the borrowed money or by pledging their holdings. Here what comes as fruitful for the investor is the return over and above the cost i.e. the interest they are charged for the margin.

Likewise, here below are listed ICICI Direct MTF picks for July 2022:

Scrip Name	Buying Range	Support	Target	Market Cap (In Crs )	200 Days EMA	52 Weeks High/Low	YTD Returns(%)
H DFC Bank	1370-1400	1310	1515	782359	1427	1725/1272	-5.0
Havells India	1200-1220	1135	1330	76669	1198	1504/980	-12
DR. Reddy	4460-4540	4250	4930	74946	4400	5614/3654	-8
Indian Hotels	240-246	230	268	34992	207	269/ 128	36
Thermax	2060-2110	1930	2290	24844	1849	2347/ 1287	16
SKF I ndia	3740-3810	3480	4130	18777	3344	4239/2723	-2
Elgi Equipment	354-373	340	410	11797	310	422/191	24

Do's when engaging in MTF trades

This route should be used only for convenience and the margin here can be correlated to the credit card we resort to.

Interest repayment can be reduced by even repaying the interest the next day. Lowering your outgo as interest rate shall be cut.

Cash can also be kept handy for some margin calls in case of erratic market movements

The time period should be known to you and also not forget to keep a stop loss

Book profits wherever possible to lessen borrowings and optimise returns

Also, note MTF should be for short term as it goes with the credit card and only when necessary.