MTF Insights — February 2025
India's combined NSE + BSE MTF book fell ₹6,733 crore (8.3%) in February 2025 to ₹74,586 crore on 28 Feb 2025 — the largest monthly fall since tracking began, and 21.3% higher than a year earlier. The book grew on 6 of 20 sessions. Reliance Industries saw the largest unwind, ₹230 crore.
IndiaMTF · 31 Jan 2025 to 28 Feb 2025 · Tracking MTF data and analytics since 01 Jan 2021
Stocks
Largest changes in funded value over the month, among stocks present in both month-end files. The share column is the change in shares under margin, adjusted for splits and bonuses — it shows whether more stock was genuinely borrowed against, rather than a price move.
| Biggest additions | Book (₹ Cr) | Change | Shares |
|---|---|---|---|
 State Bank of IndiaSBIN | ₹885 | +₹204 | +34.6% |
 TrentTRENT | ₹346 | +₹125 | +68.5% |
 Larsen & ToubroLT | ₹475 | +₹119 | +38.4% |
 BSEBSE | ₹250 | +₹99 | +42.1% |
| NINippon India ETF Nifty BeESNIFTYBEES | ₹249 | +₹81 | +50.8% |
| Biggest unwinds | Book (₹ Cr) | Change | Shares |
|---|---|---|---|
 Reliance IndustriesRELIANCE | ₹1,644 | −₹230 | −10.3% |
 Castrol IndiaCASTROLIND | ₹135 | −₹202 | −61.0% |
 Varun BeveragesVBL | ₹741 | −₹153 | −13.2% |
 Indian Railway Finance CorporationIRFC | ₹650 | −₹148 | −14.9% |
| ZOZomatoZOMATO | ₹497 | −₹138 | −20.2% |
New to the top 500 (24)
Muthoot Finance₹52
Lloyds Enterprises₹48
NTPC Green Energy₹48
Tourism Finance Corporation of India₹38
Kesoram Industries₹38
Kajaria Ceramics₹37
Apollo Micro Systems₹36GUGujarat Gas₹35
Aarti Pharmalabs₹34
Atul₹34
Sobha₹34+12 moreLeft the top 500 (24)
Day by day
Change in the combined book on each trading day. The largest single-day addition was +₹837 Cr on 06 Feb 2025; the largest fall was −₹1,455 Cr on 12 Feb 2025.
Sectors
1 sector grew while the book fell, led by Health Services.
| Largest additions | Book (₹ Cr) | Change | % |
|---|---|---|---|
| Health Services | ₹91 | +₹42 | +85.1% |
| Sectors that shrank | Book (₹ Cr) | Change | % |
|---|---|---|---|
| Finance | ₹17,466 | −₹1,111 | −6.0% |
| Process Industries | ₹4,048 | −₹831 | −17.0% |
| Energy Minerals | ₹3,635 | −₹608 | −14.3% |
| Non-Energy Minerals | ₹4,525 | −₹560 | −11.0% |
| Electronic Technology | ₹4,101 | −₹473 | −10.3% |
NSE, BSE and concentration
NSE’s book moved −8.4% to ₹71,327 Cr and BSE’s −5.4% to ₹3,259 Cr, so BSE held 4.4% of the combined book. The ten largest positions held 13.6% of the whole book at month-end, 0.1 points more than a month earlier.
February in context
| Month | Book at month-end (₹ Cr) | Change |
|---|---|---|
| February 2025 | ₹74,586 | −8.3% |
| January 2025 | ₹81,319 | −6.0% |
| December 2024 | ₹86,506 | +8.0% |
| November 2024 | ₹80,065 | −0.6% |
| October 2024 | ₹80,577 | −5.6% |
| September 2024 | ₹85,395 | +0.3% |
Month-end is the last trading day in the archive for the month; changes compare 31 Jan 2025 with 28 Feb 2025. Sector figures sum each day’s largest positions on a fixed basis. See the methodology for every definition.