MTF Insights — August 2025
India's combined NSE + BSE MTF book rose ₹2,446 crore (2.6%) in August 2025 to ₹98,185 crore on 29 Aug 2025, and 15.4% higher than a year earlier. It set a record ₹98,554 crore on 28 Aug 2025 before easing. The book grew on 12 of 19 sessions. Hindustan Aeronautics added the most, ₹248 crore.
IndiaMTF · 31 Jul 2025 to 29 Aug 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 |
|---|---|---|---|
 Hindustan AeronauticsHAL | ₹1,618 | +₹248 | +20.6% |
 VedantaVEDL | ₹852 | +₹167 | +24.9% |
 Suzlon EnergySUZLON | ₹768 | +₹160 | +29.8% |
 Reliance IndustriesRELIANCE | ₹1,183 | +₹158 | +16.8% |
 Nazara TechnologiesNAZARA | ₹914 | +₹158 | +21.7% |
| Biggest unwinds | Book (₹ Cr) | Change | Shares |
|---|---|---|---|
 Waaree EnergiesWAAREEENER | ₹230 | −₹256 | −52.0% |
 TrentTRENT | ₹610 | −₹193 | −25.3% |
 Bajaj AutoBAJAJ-AUTO | ₹328 | −₹167 | −36.3% |
 Hero MotoCorpHEROMOTOCO | ₹117 | −₹144 | −58.2% |
 State Bank of IndiaSBIN | ₹596 | −₹126 | −19.0% |
New to the top 500 (26)
Left the top 500 (26)
Eicher Motors₹102
TVS Motor Company₹100
Indian Bank₹89
Karur Vysya Bank₹73
Cummins India₹60
HDFC Life Insurance Company₹53
Supreme Industries₹49
Aeroflex Industries₹47
Creditaccess Grameen₹46
UPL₹46
MphasiS₹46TDTD Power Systems₹45+14 moreBorrowing versus price
Of the 198 largest positions with price history for both month-ends, 102 saw investors add shares under margin while the price fell. Share counts, not funded value, are compared here, because funded value moves with the price on its own; both are adjusted for splits and bonuses, and stocks with a demerger in the month are left out.
Investors added shares under margin while the price fell — leverage building into weakness.
- Hindustan Aeronauticsshares +20.6% · price −4.4%
- Jio Financial Servicesshares +5.9% · price −5.3%
- Reliance Industriesshares +16.8% · price −2.4%
Shares under margin and the price both rose — leverage following the move.
- Yes Bankshares +3.1% · price +1.0%
- Ola Electric Mobilityshares +24.6% · price +30.8%
- Eternal (Zomato)shares +35.6% · price +2.0%
Shares were released from margin as the price fell — positions being cut or closed.
- Sammaan Capitalshares −1.2% · price −2.3%
- Zee Entertainment Enterprisesshares −3.3% · price −1.8%
- ITCshares −3.6% · price −0.5%
The price rose while shares under margin fell — gains being taken off the table.
- Tata Consultancy Servicesshares −3.4% · price +1.6%
- Trentshares −25.3% · price +5.6%
- State Bank of Indiashares −19.0% · price +0.7%
Day by day
Change in the combined book on each trading day. The largest single-day addition was +₹964 Cr on 22 Aug 2025; the largest fall was −₹893 Cr on 18 Aug 2025.
Sectors
5 sectors shrank while the book grew 2.6%, led by Consumer Durables.
| Largest additions | Book (₹ Cr) | Change | % |
|---|---|---|---|
| Electronic Technology | ₹6,084 | +₹340 | +5.9% |
| Commercial Services | ₹1,178 | +₹301 | +34.3% |
| Finance | ₹20,988 | +₹297 | +1.4% |
| Energy Minerals | ₹3,355 | +₹285 | +9.3% |
| Health Technology | ₹2,881 | +₹280 | +10.8% |
| Sectors that shrank | Book (₹ Cr) | Change | % |
|---|---|---|---|
| Consumer Durables | ₹2,739 | −₹486 | −15.1% |
| Consumer Non-Durables | ₹2,702 | −₹166 | −5.8% |
| Unclassified | ₹2,580 | −₹85 | −3.2% |
| Retail Trade | ₹1,615 | −₹78 | −4.6% |
| Consumer Services | ₹2,143 | −₹59 | −2.7% |
NSE, BSE and concentration
NSE’s book moved +2.1% to ₹93,860 Cr and BSE’s +12.9% to ₹4,325 Cr, so BSE held 4.4% of the combined book. The ten largest positions held 11.3% of the whole book at month-end, 0.5 points more than a month earlier.
August in context
| Month | Book at month-end (₹ Cr) | Change |
|---|---|---|
| August 2025 | ₹98,185 | +2.6% |
| July 2025 | ₹95,739 | +8.9% |
| June 2025 | ₹87,905 | +7.0% |
| May 2025 | ₹82,183 | +14.0% |
| April 2025 | ₹72,082 | +1.4% |
| March 2025 | ₹71,064 | −4.7% |
Month-end is the last trading day in the archive for the month; changes compare 31 Jul 2025 with 29 Aug 2025. Sector figures sum each day’s largest positions on a fixed basis. See the methodology for every definition.