2.5%Goldbonds2029sr-Ii · Margin Trading Facility (MTF) book
2.5%Goldbonds2029sr-Ii (SGBJUN29II) trades on NSE. This page tracks SGBJUN29II's daily margin-trading outstanding, fresh exposure and liquidation, with the full end-of-day history since 2021.
Retail-crowding fragility · most exposed to a margin-call cascade
Stocks where the small-retail crowd owns a large share, the MTF book is a big slice of that retail holding, and it’s slow to exit · the combination that turns a margin unwind into a cascade. Score = average cross-sectional rank of the three signals.
MTF vs Free-Float Market Cap
Most leveraged vs their free floatMTF book as a share of each stock’s publicly-floating market cap
Most crowded margin (squeeze risk) · heavy margin on a small, thinly-traded float · hardest to unwind
MTF book in context · retail leverage & the cost of carry
MTF book vs market liquidity · how the leverage book compares to what actually trades
MTF’s footprint on the market · how much of the day’s cash trading is leveraged buying & selling
Is margin buying smart money? · what heavily-margined stocks do next
My watchlist · track any stock’s MTF book · saved in your browser, no login
Alerts compare this visit to your last · computed in your browser, nothing is sent anywhere.
Unusual margin activity · biggest abnormal book moves on the latest day (vs each stock’s own norm)
Net Flow by Month × Year
Monthly net flow as % of month-start book
Net Flow by Weekday
Average daily net flow · full history
Net Flow by Month
Average daily net flow · full history
Net Flow by Day of Month
Average daily net flow · full history
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Leverage Stress Index · one gauge of margin-unwind stress vs 2017–now
MTF Book Composition - F&O vs non-F&O vs ETF
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Leverage Flow & Margin Flushes
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Stock rankings
Stock
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Net Margin Flownet change in MTF book · NSE · green = added, red = unwound
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Compare stocksoverlay up to 5 stocks' MTF book over time
Quick compare:
Add stocks above, or pick a quick comparison, to overlay their combined NSE + BSE margin book in rupees. Switch to Indexed to 100 to compare how each stock's leverage has grown rather than its absolute size.
Brokers
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MTF Screener
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Methodology
How mtf.trading is built
Every chart on this site is back-traceable to an official NSE or BSE disclosure file. This page lists each source, what it contributes, and how the numbers are joined.
Not investment advice. Nothing on this site is a recommendation to buy, sell or hold any security. Every figure, chart, ranking and projection is public NSE/BSE disclosure data compiled for information and education only. Do your own research and consult a SEBI-registered adviser before investing.
Data sources
MTF book
NSE CM · Margin Trading Disclosure daily Excel + BSE Margin Trading daily Excel (MarginTrading_*.xls / .csv). One row per stock per day with the outstanding amount financed (total value of shares held under MTF), fresh exposure, and exposure liquidated. Available since 22 June 2017.
Stock universe
NSE EQUITY_L.csv + BSE List of Scrips (ListofScripData). Resolves every symbol/scrip-code seen in the MTF files to a canonical name and ISIN.
F&O membership
NSE F&O bhavcopy (BhavCopy_NSE_FO_*). Point-in-time per day · an F&O stock added or removed mid-week shows the right membership for each historical bar.
ETF list
NSE eq_etfseclist.csv. Used to bucket the per-day MTF book into F&O / non-F&O / ETF.
ISIN / EOD close
NSE & BSE cash bhavcopy (BhavCopy_*_CM_*, EQ_ISINCODE_*). Provides the daily EOD close shown alongside per-stock MTF charts and the ISIN used to canonicalise stock identity. The close line is corporate-action adjusted · older prices are back-adjusted for splits & bonuses (exact ratios from NSE’s corporate-actions feed) so the line stays continuous through them (scaled to today’s terms); a big move that is NOT a corporate action is left as-is.
Market cap
NSE PR price report (PR<ddmmyy>.zip → mcap*.csv) + BSE List of Scrips. Used for leverage % (book / mcap) and the % of universe view in the screener.
Company logos
Self-hosted SVGs vendored from the indian-listed-company-logos repo, keyed by ISIN. Stocks without a vendored logo fall back to a coloured initials monogram.
Source archival & provenance. NSE and BSE purge old reports
from their own sites over time, so every external source file this site depends on
· the daily MTF reports, bhavcopies, index/ETF lists, and the broker/rating
documents · is continuously mirrored to the Internet Archive.
Broker figures carry a \u{1F5C4} link to the archived copy of their primary
source, so each number stays independently verifiable even if the original is taken down.
MTF lets you buy shares by paying only part of the price · your broker funds the rest and holds the shares as collateral. It is India’s regulated way to buy equities on leverage. This page explains how it works, the SEBI rules around it, the risks, and how to read the numbers on this site.
What is MTF?
Under SEBI’s Margin Trading Facility, a stockbroker lends you money to buy approved shares in the cash (delivery) segment. You put up an initial margin (in cash or pledged securities); the broker funds the balance and charges daily interest on it. The shares you buy are pledged to the broker as security until you repay. It is the cash-market cousin of a loan-against-shares · distinct from F&O, where leverage comes from futures/options margins, not a funded delivery position.
How it works
MTF book (amount financed)
What this site calls the MTF book is the exchange-reported amount financed · the total value of the shares held under the facility, i.e. your own margin and the broker’s funding combined, not just the broker’s loan. In the NSE/BSE daily files this works out to roughly the shares’ market value (amount financed ÷ shares ≈ the traded price): about ₹100 of funded stock, of which you might post ₹25 and the broker funds ₹75. The broker’s actual credit is therefore a fraction of the book. It rises when clients open fresh positions and falls when they repay or are squared off.
Pledge
Since 2020, MTF-funded shares must be pledged in your own demat account through the depository’s margin-pledge system (CDSL/NSDL) · the broker cannot move them to its own account. A haircut is applied to the pledged collateral’s value.
Daily interest
Interest accrues every day on the amount you’ve borrowed (the broker’s funding portion, not your own margin), typically in the ~9–24% p.a. range depending on the broker. This is the running cost of carrying a leveraged position · you can model it on the calculators.
Mark-to-market
Your position is marked to market daily. If prices fall and your margin drops below the required level, the broker issues a margin call; if you don’t top up, the position is squared off.
SEBI’s MTF framework
Eligible securities
Only shares the exchanges approve for MTF (broadly, more liquid “Group 1” stocks · those with derivatives or that meet liquidity/impact-cost criteria). The approved list is published and revised periodically by NSE and BSE.
Initial margin
You must fund a minimum initial margin per stock, set from the security’s risk (VaR + Extreme-Loss Margin), so more volatile stocks need more of your own money. The rest is what the broker funds.
Square-off & aging
If a margin shortfall isn’t met, the broker squares the position off. There are also limits on how long a funded position can be carried before it must be converted to delivery (fully paid) or closed.
Disclosure
NSE and BSE publish a daily MTF disclosure · per stock, the outstanding funded book, fresh exposure and exposure liquidated. That daily file is the backbone of this entire site (see the methodology).
SEBI’s hard limits
Beyond the qualitative rules above, SEBI sets three hard numeric caps on how much a broker can lend under MTF, each measured against the broker’s own net worth. They are what stop the facility from over-gearing any single broker. All three come from SEBI’s Comprehensive Review of Margin Trading Facility (2017).
Overall broker cap (maximum allowable exposure)
A broker’s total MTF exposure “shall not, in any case, exceed the borrowed funds and 50% of his net worth.” The book it can fund is limited to everything it has borrowed for MTF plus half of its own net worth.
Borrowing cap (total indebtedness)
The borrowed half carries its own ceiling: “the total indebtedness of a stock broker for the purpose of margin trading shall not exceed 5 times of its net worth.” A broker cannot borrow more than 5× net worth to fund the book.
Per-client cap (concentration)
“Exposure to any single client at any point of time shall not exceed 10% of the broker’s maximum allowable exposure.” No one client can take up more than a tenth of a broker’s total MTF capacity.
Stack the first two together and the outer limit is simple: 5× net worth borrowed + 0.5× net worth of own funds ≈ 5.5× net worth of funded book at most. That 5.5× line is exactly what the brokers table’s “book ÷ net worth” column grades each broker against.
Two further official conditions sit alongside the caps. Funding source: a broker may only use its own funds or borrow from scheduled commercial banks and RBI-regulated NBFCs · no other source is permitted. Diversification: there is no fixed per-stock number, but SEBI requires the funded stocks and the pledged collateral to stay “well diversified” under a board-approved policy.
The risks
MTF magnifies both gains and losses. A leveraged position that moves against you loses value faster than the cash you put in, and three things can compound the damage:
Margin calls & forced liquidation
A sharp drop can trigger a margin call; if unmet, the broker sells your shares · often at the worst possible time, and sometimes across many clients at once, adding to the fall.
Interest drag
You pay interest every day the position is open, whether the stock rises, falls, or goes nowhere. A flat stock held on margin still loses you money.
Concentration
When a large share of a single stock’s free float is funded on margin, an unwind can be hard to exit without moving the price · this site’s most-leveraged and crowding views track exactly that.
How to read this site
MTF book
The total value of shares held under MTF (the exchange’s amount financed) · client margin + broker funding combined, not just the loan · in ₹. “Combined” = NSE + BSE summed. This is the headline number.
Fresh / liquidated / net flow
New margin positions opened vs closed on a day (NSE + BSE). Net flow can differ from the day-on-day book change · see the note on the daily pages.
% of free float
MTF book as a share of a stock’s freely-tradable market cap · how much of the tradeable float is margin-funded. Free float uses NSE’s investable-weight-factor basis.
Days to cover
MTF shares ÷ average daily volume · roughly how many days of normal trading it would take to unwind the book. Higher = more crowded.
Brokers
Per-broker MTF books, curated from credit-rating reports, annual reports and disclosures. See the brokers tab.
Every figure is downloadable on the data page and back-traceable on the methodology page.
FAQ
Is MTF the same as F&O leverage?
No. MTF is a funded delivery position in the cash market (you own the shares, pledged to the broker). F&O leverage comes from futures/options margins · no delivery, and different rules.
What happens on a margin shortfall?
The broker issues a margin call. If you don’t add funds/collateral in time, it squares off (sells) enough of the pledged shares to restore the margin.
Why do NSE and BSE numbers differ?
They are two separate exchanges with different broker mixes and eligible-security lists. A dual-listed stock’s combined book is the sum of both. NSE dominates the MTF book.
What is “free-float leverage”?
A stock’s MTF book divided by its free-float market cap · the share of its publicly-tradable value that is currently funded on margin. See /leveraged.
Does MTF cost anything if the stock doesn’t move?
Yes · daily interest accrues on the funded amount regardless of the stock’s direction. Leverage is not free.
Where does this data come from?
Directly from the daily MTF disclosure files NSE and BSE publish, plus official market-cap, ISIN and shareholding sources. No third-party estimates. Full lineage on the methodology page.
Can I use these numbers?
Yes, freely including commercially · please attribute “via mtf.trading, from NSE/BSE disclosures” and link back where you can. CSV/JSON on the data page.
Every figure on this site is aggregated from official NSE & BSE disclosures into a clean dataset going back to June 2017. It's all here to download · free to use with attribution.
Monthly demat equity by investor category (CDSL + NSDL BO Aggregate) with the derived free float · total equity, promoter proxy, free float (₹ cr) and free-float %. 2015 onward. See methodology.
Every CP issued by a broking legal entity since 2019 · ISIN, issue & maturity date, tenor, amount (₹ cr), coupon, live flag · from the CCIL F-TRAC primary tape (reopenings summed). JSON also carries per-broker outstanding, the maturity wall, borrowing-cost-vs-repo trend and the outstanding-over-time series.
Which mutual funds hold which brokers’ CP · one row per broker · ISIN · fund · scheme, matched by ISIN against 34 fund houses’ SEBI monthly portfolios as of the disclosure month-end. JSON also carries the per-AMC allocation with house & CP-fund AUM.
The data isn't just downloadable · it's built to consume programmatically. These are stable, public URLs you can poll or build on (no key, no rate limit, derived from official NSE & BSE disclosures; attribute mtf.trading):
Atom feed of the daily combined NSE+BSE MTF book · one entry per trading day with the headline figure, day change, and flush / record-high notes, each linking to its dated snapshot. Subscribe in any reader, or poll it.
A full per-day snapshot · headline book, top-funded stocks, concentration, biggest movers, flow and breadth · for any trading day since 2017. The human page lives at /date/<DD-Mon-YYYY>; the data is the same path with a .json suffix and the ISO date.
Period MTF market reports · average book, sequential & year-on-year growth, cash + F&O ADTO, flow/breadth roll-ups, top-funded stocks and biggest movers, plus trend charts. Human pages at /week/<DD-Mon-YYYY> (Monday of the week), /month/<Mon-YYYY>, /quarter/<Qn-YYYY>, /year/<YYYY>; the same paths with a .json suffix (ISO key) return the data. Every week / month / quarter / year since June 2017.
The whole daily series in one file (per-exchange outstanding, fresh exposure, liquidated, securities count). Plus /mtf_flow.json, /mtf_daily_breadth.json, /mtf_aum_by_class.json and /brokers.json for the other series.
The broker commercial-paper chain: /broker_cp.json is every CP a broking entity issued since 2019 (per-broker outstanding/issued/yields, per-CP issues, maturity wall, borrowing-cost-vs-repo trend, outstanding-over-time) from the CCIL F-TRAC tape; /cp_holders.json matches those CPs by ISIN against 34 fund houses’ SEBI monthly portfolios to show which mutual funds fund which broker, as of the disclosure month-end.
Monthly whole-market demat equity by investor category (CDSL + NSDL) and the derived free-float series (total, promoter proxy, free float, free-float %), 2015 onward. The basis for the historical “MTF book vs free float” chart. Plus /market_cap_history.json for the committed daily total + free-float market cap.
URLs are append-only and stable · once a path exists it keeps working. All files are served no-cache with an ETag, so a conditional request is a cheap 304 when nothing changed. Add ?v= with any value to bust an edge cache.
REST API v1
A tiny public JSON API over the same headline figures · no key, no rate limit, open CORS, edge-cached (5 min). Money is in ₹ lakh unless a field is named *_crore / *_lakh_crore.
Top brokers by latest disclosed MTF book, each with its share of the disclosed book (NSE stopped per-member disclosure in 2021 · this is share of what still reports).
Raw daily equity bhavcopy · every column for NSE, BSE & MSE, filter by date, exchange, symbol, series; JSON or CSV. See the parameters & examples below.
NSE’s daily PR (Price/Reports) archive · the 14 member files (52-week highs/lows, gainers/losers, market caps, board meetings, announcements, corporate actions, price data and more) exposed per trading day. Pass date + file (the member key); JSON, CSV or raw text. The catalogue at /api/v1/pr lists every member with a description.
MCX commodity bhavcopy · commodity & index futures and options, filter by date, symbol, instr, option; JSON or CSV. See the section below.
Example: curl https://mtf.trading/api/v1/summary · returns JSON with book, bookCrore, display and asOf.
Daily bhavcopy · /api/v1/bhavcopy
Every column of the end-of-day equity bhavcopy for NSE, BSE and MSE (Metropolitan Stock Exchange), unified into one response (all three publish the identical 34-column UDiFF schema, and an exchange column is added). It’s baked into the deployment as static per-day files, so responses are instant and never depend on a live fetch. MSE is a small exchange (thin equity volumes) and its UDiFF files exist from around 2025. Call it with no date · /api/v1/bhavcopy · for the coverage window and the full column list.
date
Trading day, YYYY-MM-DD (or YYYYMMDD). Required to return rows; a weekend / holiday / out-of-range date returns 404.
exchange
nse, bse, mse, or all (default) · all merges the three, tagged by the exchange column.
symbol
A single ticker (TckrSymb), case-insensitive · e.g. RELIANCE.
series · instr
Filter by SctySrs (e.g. EQ) or instrument type (FinInstrmTp).
fields
Comma-separated column subset · e.g. fields=TckrSymb,ClsPric,TtlTradgVol,exchange.
format
json (default) or csv (downloads a .csv).
limit · offset
Paging · default limit=500, max 100000; pass limit=100000 to pull a whole day in one call.
Examples: curl 'https://mtf.trading/api/v1/bhavcopy?date=2026-08-25&symbol=RELIANCE' · one stock, both exchanges (JSON). curl 'https://mtf.trading/api/v1/bhavcopy?date=2026-08-25&exchange=mse&series=EQ&format=csv&limit=100000' · a full MSE EQ day as CSV. curl 'https://mtf.trading/api/v1/bhavcopy?date=2026-08-25&fields=TckrSymb,OpnPric,HghPric,LwPric,ClsPric,TtlTradgVol,exchange' · OHLC + volume, all exchanges.
The static files are also directly downloadable: /bhavcopy/<YYYYMMDD>.csv.gz and the date index at /bhavcopy/index.json.
Column reference · what each UDiFF field means (34 fields + exchange)
UDiFF is a SEBI-mandated common format used by NSE, BSE and MSE, so the fields are identical across exchanges (verified header-for-header). Field names are from NSE’s official UDiFF spec (readme.xlsx; BSE UDiFF) · the column headers are the ISO 20022 element tags. Prices are in ₹, volume in shares; the derivatives fields (expiry, strike, option type, open interest, underlying price) are blank for cash equity. Also returned as columns_glossary in the catalogue response.
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Daily PR archive · /api/v1/pr
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MCX commodity bhavcopy · /api/v1/mcx
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Embeddable badges
Live SVG badges you can drop into a README, blog or dashboard · they refresh themselves every trading day. Click Copy for the embed snippet.
Recolour the value side with ?color=2563eb (any hex, no #) or relabel with ?label=Your+text. Markdown works too: [](https://mtf.trading).
How to cite & reuse
The data is derived entirely from public NSE and BSE disclosures and is free to use, including commercially. Please attribute · e.g. “MTF data via mtf.trading, from NSE/BSE disclosures.” · and, where possible, link back. The raw exchange files behind every figure are also documented on the methodology page and continuously mirrored to the Internet Archive (see status).
Work out what a Margin Trading Facility position actually costs · interest, break-even, leverage, margin calls · and how yours compares to the whole market. Everything's an estimate; tune the assumptions to your broker. Nothing is stored or sent anywhere.
Position calculator
The full picture for one MTF position · the interest carry, the move needed just to break even, your leveraged return vs paying cash, and how far it can fall before you're wiped out.
Leverage & buying power
How much exposure your capital buys on margin · and how a move is amplified.
Margin call & cushion
How far the stock can fall before a margin call, given your broker's maintenance margin.
Pledge & haircut
The margin you can raise by pledging holdings, after the broker's haircut.
Break-even horizon
For a target gain, how many days you can hold before the interest carry eats it.
MTF vs cash · is it worth it?
Does leverage beat paying cash once you subtract the carry? And the highest rate at which it still pays.
Position sizing by risk
How big a position keeps your loss within a set % of capital if your stop-loss hits.
Averaging down
Add to a losing position · your new average, and the bounce needed to break even.
Extra margin needed
The stock fell · how much to top up to avoid a margin call.
Rollover drag
Hold a leveraged position for months · the cumulative carry as a share of position and of your own capital.
Post-tax return (STCG)
Your net return after short-term capital-gains tax and interest carry.
True cost of a trade
All-in charges on a round-trip equity trade · STT, exchange, GST, SEBI, stamp (discount-broker model).
You vs the crowd
How big your position is against the entire market's MTF book in that stock · and how leveraged the stock already is.
Basket MTF exposure
Add a few stocks (comma-separated) · the combined MTF book of your basket and its book-weighted leverage.
These are simplified estimates for education, not advice. Interest, haircuts, LTV and maintenance margins vary by broker and by stock (SEBI caps and the exchange's approved-securities list apply). Check with your broker before trading.
Every all-time high, biggest single-day move, drawdown, streak and surge in the NSE + BSE Margin Trading Facility book · grouped by theme and derived straight from the official daily disclosures since 22 June 2017.
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Most leveraged stocks vs their free float
Most leveraged vs their free float
Every stock ranked by its MTF book as a share of its publicly-floating market cap · how much of each company’s freely-tradable value is currently funded by margin. Free-float market cap on NSE’s investable-weight-factor basis (excludes strategic & large-institutional holdings; BSE MktCapFF fallback for names NSE doesn’t list); MTF book is combined NSE + BSE.
Retail
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MTF book by sector
MTF book by sector
India’s combined NSE + BSE margin book broken down by SEBI sector · how much of each sector is funded on margin, how retail-owned it is, and how leveraged it is against its free float. Drill between the three classification levels; expand a row for its most-funded stocks. Sector from NSE getSymbolData + BSE, retail from the quarterly Shareholding Pattern.
Level
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Sector rotation over time
The whole margin book, one map
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Systemic risk · how fragile is the leverage
How fragile is the leverage?
A systemic read on India’s margin book · how much of the tradeable market is funded on margin, where that leverage concentrates, and which stocks are most squeeze-prone. NSE + BSE, from the daily MTF disclosures and the quarterly Shareholding Pattern.
Where the margin money sits
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Where the book concentrates
Most squeeze-prone stocks
A composite of retail crowding (small-retail ownership %), leverage-on-retail (MTF book ÷ that retail holding) and illiquidity (days to unwind at normal volume) · the cluster most exposed to a margin-call cascade.
How much investors have borrowed to buy stocks, country by country, in ₹ lakh crore · India's Margin Trading Facility book set against 10 other markets across the US, Asia, the Gulf and Europe.
