Margin Trading Facility (MTF) data provides valuable insights into leveraged participation across the Indian equity markets. It tracks industry-wide funded positions, weekly and monthly changes, along with stock-wise additions and liquidations, helping investors understand where market leverage is building or reducing.
Industry MTF Snapshot (As on October 1, 2026)
Industry MTF Book: ₹1,50,354.67 Crore
Initial MTF Book: ₹1,45,923.93 Crore
Net Book Added: +₹4,430.74 Crore
Weekly Change: +₹1,283.93 Crore
The industry MTF book crossed the ₹1.5 lakh crore mark during September, reflecting continued participation from leveraged investors. The industry added ₹4,430.74 crore during the month, while the final week of September saw an additional ₹1,283.93 crore of net additions.
Top 5 Stocks with Highest Industry MTF Holdings
| Rank | Stock | Funded Value | Margin on Dhan |
|---|---|---|---|
| 1 | BSE | ₹3,186.33 Cr | 3.33x |
| 2 | HDFC Bank | ₹3,177.48 Cr | 4.55x |
| 3 | Reliance Industries | ₹2,883.01 Cr | 4.55x |
| 4 | Jio Financial Services | ₹1,801.91 Cr | 4.35x |
| 5 | Bharat Electronics | ₹1,270.94 Cr | 4.35x |
Highlights
• BSE emerged as the largest MTF-funded stock in the industry with funded positions worth ₹3,186.33 crore.
• HDFC Bank remained one of the most actively leveraged large-cap stocks with funded value exceeding ₹3,177 crore.
• Reliance Industries continued to feature among the largest MTF holdings.
• Financial services and capital market stocks continued to dominate industry leverage.
Top 10 Stocks Added to the Industry MTF Book
| Rank | Stock | Added Amount | Added Quantity | Margin on Dhan |
|---|---|---|---|---|
| 1 | Tata Steel | ₹37.77 Cr | 20,88,874 | 4.35x |
| 2 | Larsen & Toubro | ₹30.72 Cr | 80,864 | 4.44x |
| 3 | Fineotex Chemical | ₹30.46 Cr | 52,53,553 | 2.41x |
| 4 | Nippon Nifty 50 ETF (NIFTYBEES) | ₹24.18 Cr | 9,60,275 | 5.00x |
| 5 | SBC Exports | ₹22.43 Cr | 30,74,384 | 1.67x |
| 6 | Syrma SGS Technology | ₹22.27 Cr | 1,29,460 | 2.75x |
| 7 | Jio Financial Services | ₹21.42 Cr | 11,76,271 | 4.35x |
| 8 | Bajaj Auto | ₹20.38 Cr | 21,807 | 4.55x |
| 9 | Patanjali Foods | ₹19.02 Cr | 5,35,895 | 4.35x |
| 10 | Dixon Technologies | ₹18.06 Cr | 11,812 | 3.87x |
Highlights
• Tata Steel recorded the highest increase in funded positions during September, adding ₹37.77 crore.
• Larsen & Toubro and Fineotex Chemical also witnessed notable growth in leveraged participation.
• NIFTYBEES featured among the top additions, indicating increased leveraged exposure to the broader market index.
• Jio Financial Services continued to attract fresh MTF interest despite already being among the industry’s largest funded positions.
• The additions were spread across metals, infrastructure, ETFs, financial services, auto, FMCG, and electronics manufacturing.
Top 10 Positions Liquidated from the Industry MTF Book
| Rank | Stock | Liquidated Amount | Liquidated Quantity | Margin on Dhan |
|---|---|---|---|---|
| 1 | Infosys | ₹148.22 Cr | 14,94,977 | 4.35x |
| 2 | HDFC Bank | ₹104.90 Cr | 15,19,842 | 4.55x |
| 3 | Coforge | ₹28.42 Cr | 1,65,186 | 3.82x |
| 4 | Vodafone Idea | ₹27.24 Cr | 1,61,63,857 | 3.33x |
| 5 | Siemens Energy | ₹25.32 Cr | 79,028 | 3.18x |
| 6 | Yes Bank | ₹21.20 Cr | 97,43,681 | 4.17x |
| 7 | Waaree Energies | ₹21.01 Cr | 61,938 | 3.33x |
| 8 | IFCI | ₹20.70 Cr | 22,60,383 | 2.42x |
| 9 | Hitachi Energy | ₹17.20 Cr | 5,864 | 3.33x |
| 10 | Tata Consultancy Services | ₹16.51 Cr | 85,311 | 4.44x |
Highlights
• Infosys witnessed the largest reduction in leveraged positions during September, with liquidations worth ₹148.22 crore.
• HDFC Bank also saw significant position unwinding despite remaining one of the largest MTF-funded stocks.
• IT stocks including Infosys, Coforge, and Tata Consultancy Services accounted for a substantial share of the month’s liquidations.
• Vodafone Idea, Yes Bank, IFCI, and Siemens Energy also experienced notable deleveraging.
Key Takeaways
• The industry MTF book crossed ₹1.50 lakh crore for the first time, reaching ₹1,50,354.67 crore.
• September witnessed net additions of ₹4,430.74 crore, indicating continued growth in leveraged participation.
• BSE became the largest MTF-funded stock in the industry, ahead of HDFC Bank and Reliance Industries.
• Fresh leveraged interest was concentrated in Tata Steel, Larsen & Toubro, NIFTYBEES, Jio Financial Services, and Bajaj Auto.
• Liquidations were largely concentrated in IT and banking stocks, led by Infosys and HDFC Bank.
• Despite selective profit booking, the overall MTF book continued its upward trajectory, reflecting sustained investor participation through margin funding.
How Investors Can Leverage the Data
• Track investor sentiment by observing MTF fund utilization.
• Identify stocks experiencing increased or decreased leveraged buying.
• Anticipate potential market movements based on shifts in margin positions.
Use Cases for Beginners (ScanX MTF Insights)
• Monitor MTF additions to identify stocks attracting fresh leveraged interest.
• Track liquidations to understand where leveraged investors are reducing exposure.
• Compare weekly and monthly changes to identify evolving market trends.
What Does the Data Include?
• Industry MTF Book: Total value of leveraged positions across the market.
• MTF Added: New leveraged positions created during the period.
• Liquidated: Leveraged positions closed or reduced.
• Net Additions: Difference between additions and liquidations.
• Funded Amount: Total amount financed through MTF.
• Exposure (%): Share of industry MTF exposure.
• Margin on Dhan: Leverage available on Dhan for eligible stocks.
Disclaimer: The above data represents industry-wide Margin Trading Facility (MTF) positions as on October 1, 2026. MTF activity reflects leveraged market participation and should not be construed as a recommendation to buy or sell any security.
Thanks,
Pranita