As of September 30, the total MTF book size stood at ₹1.51 lakh crore, a growth of 3.6%, compared to the August 31 figure of ₹1.45 lakh crore, according to data available on the NSE.
The concentration among top 10 stocks remained relatively constant at 12.1% of the total book size at the end of September, compared to 11.9% in August.
HDFC Bank continued to remain at the top of the MTF list, although the total exposure to the stock declined when compared to August. The latest Nifty 50 entrant, BSE, also continued to command the second position with its MTF exposure remaining nearly the same as it was at the end of August. Reliance Industries, Jio Financial Services and Infosys made up for the top five stocks at the end of the month.
| Stock | Exposure (₹ Cr) | Change (MoM, ₹ Cr) |
| HDFC Bank | 3,282.40 | -368 |
| BSE | 3,200.30 | -17 |
| Reliance Industries | 2,886.40 | 600 |
| Jio Financial Services | 1,780.50 | 111 |
| Infosys | 1,405.80 | 305 |
Which Stocks Saw The Biggest Increase In MTF Positions?
Unsurprisingly, PB Fintech saw the biggest increase in MTF positions during September. In just about four trading sessions, the total MTF positions on the stock increased manifold. From ₹38.7 crore at the end of August, the overall positions on the stock jumped to ₹254.2 crore. That figure, before the draft IRDAI guidelines were released, stood at just ₹46 crore.
Granules India is another stock which saw a five-fold jump in its overall exposure in the MTF book. Clean Max, KEI Industries and Quality Power, all saw their total MTF exposure more-than-triple compared to August.
| Stock | August 31 (₹ Cr) | September 30 (₹ Cr) | Change (MoM, %) |
| PB Fintech | 38.7 | 254.2 | 556.3 |
| Granules India | 123.6 | 618.1 | 400 |
| Clean Max | 21 | 70 | 233 |
| KEI Industries | 53 | 165 | 213 |
| Quality Power | 28 | 87 | 212 |
Which stocks saw the biggest drop in MTF Positions In September?
Among stocks with the biggest drop in leveraged positions, HFCL was the biggest, with its ₹500 crore-plus exposure at the end of August becoming nearly zero by the end of September. Coal India’s subsidiary CMPDI or Central Mine Planning saw its exposure drop by half, while parent Coal India also saw a 31% drop month-on-month.
| Stock | 31-Aug | 30-Sep | Change (MoM, %) |
| HFCL | 509.5 | 11.1 | -98 |
| GE Shipping | 259 | 102 | -60 |
| Central Mine Planning | 258 | 130 | -50 |
| Paisalo Digital | 512 | 286 | -44 |
| Coal India | 431 | 298 | -31 |
The MTF book also saw 81 new entrants in the month of September, mostly comprising of new listings and newly launched ETFs. Prominent new entrants included Technocraft Ventures (₹60 crore), Indo-MIM (₹51.6 crore), Dhoot Transmission, Lalithaa Jewellery and others.