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Max Financial Services — MTF Book

MFSL · Max Financial Services Limited
Finance

Daily Margin Trading Facility book for Max Financial Services across NSE and BSE, from 01 Aug 2017. All figures in ₹ crore, derived from exchange public disclosures.

What is Max Financial Services’s MTF book?

Max Financial Services Limited (MFSL) has ₹34 crore funded under Margin Trading Facility across NSE and BSE as of 26 Oct 2026 — 0.02% of India’s MTF book, ranking #804. Over 1M (the last 30 trading days) the funded value has fallen 15.3%, with the number of shares under margin down 10.3%.

Funded value
₹34 Cr
as of 26 Oct 2026
Rank in book
#804
1,698 days tracked
Share of book
0.02%
of the whole NSE + BSE book
Peak funded
₹149 Cr
on 25 Aug 2023
Largest single-day addition
+₹133 Cr
on 24 Aug 2023
Largest single-day unwind
−₹37 Cr
on 08 Nov 2023
Free-float market cap
₹42,263 Cr
full market cap ₹42,798 Cr · 98.8% free float · Mid cap
MTF share of free float
0.07%
0.2× the median mid cap · 0.1× the Finance median

Share of free float on margin, month by month

Shares under margin at each month-end as a share of free-float shares, using that month-end’s share count and the free-float filing public at the time. It counts shares, not value, so a price move does not move it by itself.

0.01%0.04%0.06%0.09%Feb 2024Oct 2026
View as table: share of free float on margin22 months
Month-end% of free float
26 Oct 20260.067%
30 Sep 20260.069%
31 Aug 20260.068%
31 Jul 20260.069%
30 Jun 20260.044%
22 May 2026†0.030%
30 Apr 20260.032%
06 Feb 2026†0.027%
30 Jan 20260.033%
31 Dec 20250.031%
28 Nov 20250.033%
31 Oct 20250.033%
30 Sep 20250.023%
13 Aug 2025†0.021%
31 Jul 20250.024%
18 Jun 2025†0.018%
30 May 20250.019%
24 Apr 2025†0.020%
27 Mar 2025†0.018%
28 Feb 20250.020%
31 Jan 20250.022%
05 Feb 2024†0.081%

† Not the month’s last trading day: the last day the stock was in the archive that month (before 11 Nov 2025 the archive kept only the 500 largest positions).

Dated events

NSE & BSE split

How MFSL’s funded book divides across the two exchanges, as of 26 Oct 2026.
NSE
NSE ₹33 Cr · 97.4%BSE ₹1 Cr · 2.6%

MTF vs Price

Margin-funded outstanding for MFSL in ₹ crore against the closing price, adjusted for splits and bonuses. Each window uses the same reference date as the table below, so the two agree. Funded value moves with the price on its own, so the line under the chart reads the share count instead — that is what shows whether more stock is genuinely being borrowed against.
MTF book (₹ Cr)

Price and liquidity

Adjusted for splits and bonuses, so a change across a corporate action reflects the market rather than the share count.
Last close
₹1,211.30
as of 23 Oct 2026
Price, 1M
−17.5%
adjusted for splits and bonuses
Delivery, 20-day avg
54.1%
of traded volume actually settled
Sessions to unwind
0
of average deliverable volume
Shares under margin divided by average daily deliverable volume over the last 20 sessions.

Book, shares and price by window

Funded value moves with the price on its own, so the share count is what shows whether more stock is actually being borrowed against. The last column reads the two together.
WindowBook ΔBook %SharesPriceReading
1D−₹0−0.6%−0.7%
−1,488
+0.0%unwinding as it falls
10D−₹2−4.2%−2.3%
−5,386
−7.5%unwinding as it falls
1M−₹6−15.3%−10.3%
−26,060
−17.5%unwinding as it falls
3M+₹1+2.7%+10.8%
+22,212
−20.1%building as it falls
6M+₹20+135.9%+162.7%
+1,40,552
−23.7%building as it falls
1Y+₹18+106.0%+112.3%
+1,20,022
−20.2%building as it falls

Shares under margin

Number of shares funded via MTF over time (NSE + BSE combined).

Rank trajectory

Where MFSL has sat in the funded-value ranking each day (1 = most funded). Lower is more prominent.

MFSL — last 30 trading days

Combined NSE + BSE funded value, day-on-day change, share of the whole book, and rank. Newest first.
DateCombined (₹ Cr)Day Δ (₹ Cr)% of bookRank
26 Oct 202634−₹00.02%804
23 Oct 202634−₹10.02%808
22 Oct 202636−₹20.02%799
21 Oct 202638+₹10.02%780
19 Oct 202637+₹00.02%793
16 Oct 202636−₹20.02%799
15 Oct 202638−₹00.02%784
14 Oct 202638+₹40.03%779
13 Oct 202635−₹10.02%819
12 Oct 202636+₹00.02%806
09 Oct 202636+₹00.02%806
08 Oct 202636−₹00.02%808
07 Oct 202636+₹00.02%805
06 Oct 202636+₹00.02%797
05 Oct 202635+₹10.02%799
01 Oct 202635−₹20.02%811
30 Sep 202637−₹00.02%786
29 Sep 202637+₹30.02%780
28 Sep 202634+₹00.02%823
25 Sep 202634−₹100.02%831
24 Sep 202644+₹130.03%723
23 Sep 202631−₹00.02%863
22 Sep 202631−₹00.02%859
21 Sep 202631−₹20.02%861
18 Sep 202633−₹10.02%822
17 Sep 202634−₹50.02%806
16 Sep 202640−₹10.03%743
15 Sep 202640+₹00.03%739
11 Sep 202640−₹00.03%742
10 Sep 202640—0.03%743

MFSL within Finance

Ranked #134 of 155 funded Finance stocks, carrying 0.1% of that sector’s margin book. Its 0.07% of free float on margin is 0.1× the sector median of 1.05%. Nearest names by funded value:
#StockMTF book (₹ Cr)% of sector% of free floatBook, 1M
132SHRIRAMPPSShriram Properties₹350.1%3.11%−19.3%
133SPANDANASpandana Sphoorty Financial₹350.1%3.35%−9.2%
134MFSLMax Financial Services₹340.1%0.07%−15.3%
135CUBCity Union Bank₹330.1%0.15%−11.5%
136SMARTWORKSSmartworks Coworking Spaces₹330.1%1.43%+5.4%

All Finance stocks and how the sector has moved →

Disclaimer. Data sourced from daily margin trading disclosure provided by NSE and BSE. This website and page are meant for educational and information only — not investment advice. MTF is leveraged and can amplify losses. Rules, margins, rates and eligible-stock lists change; verify current details with your broker and SEBI/exchange circulars. IndiaMTF.com is not a SEBI-registered intermediary, broker, or investment adviser and has no affiliation with SEBI, NSE or BSE. Figures are reproduced from publicly disclosed exchange data, may be delayed or revised, and should be independently verified before any trading decision. Consult a SEBI-registered investment adviser before investing.