MTF Insights — April 2025
India's combined NSE + BSE MTF book rose ₹1,018 crore (1.4%) in April 2025 to ₹72,082 crore on 30 Apr 2025, and 7.3% higher than a year earlier. The book grew on 11 of 19 sessions. Bajaj Finance added the most, ₹369 crore.
IndiaMTF · 28 Mar 2025 to 30 Apr 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 |
|---|---|---|---|
 Bajaj FinanceBAJFINANCE | ₹522 | +₹369 | +216.8% |
 Nazara TechnologiesNAZARA | ₹231 | +₹165 | +229.7% |
 VoltasVOLTAS | ₹246 | +₹159 | +211.6% |
 VedantaVEDL | ₹700 | +₹133 | +26.6% |
 Amber Enterprises IndiaAMBER | ₹210 | +₹127 | +144.7% |
| Biggest unwinds | Book (₹ Cr) | Change | Shares |
|---|---|---|---|
 Reliance IndustriesRELIANCE | ₹877 | −₹458 | −35.9% |
 Jio Financial ServicesJIOFIN | ₹1,133 | −₹244 | −21.0% |
 IndusInd BankINDUSINDBK | ₹283 | −₹138 | −39.4% |
 Titan CompanyTITAN | ₹115 | −₹106 | −49.4% |
 Mazagon Dock ShipbuildersMAZDOCK | ₹320 | −₹103 | −27.3% |
New to the top 500 (34)
Eternal (Zomato)₹467
Syngene International₹99
Cholamandalam Investment and Finance Company₹78GONippon India ETF Gold BeES₹65
Yatharth Hospital & Trauma Care Services₹48SINippon India ETF Silver BeES₹47
Max Healthcare Institute₹46
AGI Infra₹45
Radico Khaitan₹44
Crompton Greaves Consumer Electricals₹42
Gland Pharma₹42
Zaggle Prepaid Ocean Services₹41+22 moreLeft the top 500 (34)
Sterlite Technologies₹53
Hitachi Energy India₹48
Devyani International₹42
Nykaa₹39
HDFC Life Insurance Company₹39
SBI Cards and Payment Services₹37
Saregama India₹36
Vishal Mega Mart₹36
Britannia Industries₹36
Campus Activewear₹35+22 moreDay by day
Change in the combined book on each trading day. The largest single-day addition was +₹3,993 Cr on 04 Apr 2025; the largest fall was −₹3,549 Cr on 02 Apr 2025.
Sectors
Technology Services supplied 102% of the month's increase on its own. 5 sectors shrank while the book grew 1.4%, led by Unclassified.
| Largest additions | Book (₹ Cr) | Change | % |
|---|---|---|---|
| Technology Services | ₹4,682 | +₹1,036 | +28.4% |
| Non-Energy Minerals | ₹4,456 | +₹317 | +7.6% |
| Producer Manufacturing | ₹6,605 | +₹311 | +4.9% |
| Health Technology | ₹1,694 | +₹241 | +16.6% |
| Health Services | ₹194 | +₹154 | +378.8% |
| Sectors that shrank | Book (₹ Cr) | Change | % |
|---|---|---|---|
| Unclassified | ₹2,300 | −₹744 | −24.4% |
| Energy Minerals | ₹2,696 | −₹463 | −14.6% |
| Process Industries | ₹3,758 | −₹103 | −2.7% |
| Transportation | ₹1,423 | −₹101 | −6.6% |
| Consumer Non-Durables | ₹1,932 | −₹88 | −4.4% |
NSE, BSE and concentration
NSE’s book moved +1.6% to ₹69,176 Cr and BSE’s −2.9% to ₹2,906 Cr, so BSE held 4.0% of the combined book. The ten largest positions held 11.0% of the whole book at month-end, 1.2 points less than a month earlier.
April in context
| Month | Book at month-end (₹ Cr) | Change |
|---|---|---|
| April 2025 | ₹72,082 | +1.4% |
| March 2025 | ₹71,064 | −4.7% |
| February 2025 | ₹74,586 | −8.3% |
| January 2025 | ₹81,319 | −6.0% |
| December 2024 | ₹86,506 | +8.0% |
| November 2024 | ₹80,065 | −0.6% |
Month-end is the last trading day in the archive for the month; changes compare 28 Mar 2025 with 30 Apr 2025. Sector figures sum each day’s largest positions on a fixed basis. See the methodology for every definition.