Why did my MTF order get rejected with a 'quantity breach' message?

A limit applies on the total exposure you can have in any stock, based on the combined value of your pledged holdings (collateral) and your Pay Later (MTF) positions.

If this combined exposure crosses the allowed limit for that stock, new MTF purchases in that stock are blocked until your exposure comes back within the permissible range. This ensures better risk control and avoids breaches where clients could earlier purchase beyond the allowed exposure.

When an order exceeds the limit, it is automatically rejected with the message: “Fresh MTF Order blocked due to quantity breach. Max Accepted Qty: xxx | BoD Existing Qty: xxxx.”

You can check the latest exposure limits for each stock here.

Note: The exposure cap applies to the combined value of both pledged and MTF holdings for each stock.