MTF Insights - April 2026: Top traded stocks using margin funding

In India, 2026 marked a dramatic shift in the margin trading facility landscape. After a sharp liquidation of nearly ₹9,663.56 crore in March 2026, which was a result of massive FII outﬂow, rising geopolitical tensions, and corrections in the major indices, leveraged investors returned to the markets with stronger convictions in April. The industry MTF book added ₹8,682.39 crore during the month, pushing the total MTF book to ₹1,16,163.25 crore by 30 April 2026. This turnaround is an indication of a sharp reversal of the risk-off positioning of March to a more confident risk-on approach among retail and leveraged delivery investors. Key TakeawaysMTF on Dhan enables investors to own up to ₹5 crore of leveraged delivery stocks at interest rates starting from 12.49% per annum.The industry MTF book increased by ₹8,682.39 crore in April 2026, reversing the sharp ₹9,663.56 crore liquidation in a single month in March.HDFC Bank topped the list of top traded stocks with MTF with ₹1,982.09 crore in funded amount.Waaree Energies led the list of new MTF position additions with ₹197.09 crore added in April.Vedanta recorded the highest MTF positions exit with ₹152.04 crore liquidated.Here we will explore the MTF trends, the most traded stocks, new entries, and exits that characterised the market in April 2026.What is MTF, and why does this data matter?The Margin Trading Facility (MTF) allows investors to buy eligible Group 1 securities listed on NSE and BSE by paying only a fraction of the total purchase value, which is usually between 20% to 30%, with the remaining balance being funded by the broker. The amount funded will be charged an interest rate by the broker from T+1 day until the position is closed or squared off.The monthly MTF data offers several valuable insights to the market participants as it indicates the stocks where the investors are willing to take long-term leveraged positions, paying both capital and interest, along with the stocks where they have exited their MTF positions. Additionally, this data also indicates that when a stock consistently features in the top MTF holdings, it implies that the market participants have a strong conviction in the stock’s near-to-medium-term growth prospects.The industry MTF book in April 2026The industry MTF book closed April 2026 at ₹1,16,163.25 crore, up from ₹1,07,480.85 crore at the end of March 2026. That translates to a net addition of ₹8,682.39 crore during the month of April, which represents a sharp turnaround from the ₹9,663.56 crore net liquidation in March.This recovery is an indication of a shift in investors' behaviour. Following the broad-based de-risking of March, which was caused by high volatility, FII selling, and geopolitical uncertainty, April saw improved market stability and a renewed interest in leveraged delivery positions. In April, investors re-entered the leveraged positions with the intent of building fresh positions in large caps and in emerging sectors instead of reducing their MTF exposure.The MTF book crossing ₹1.16 lakh crore underlines the continued adoption of margin funding as a strategic investing tool among Indian investors. With MTF now available for up to ₹5 crore worth of stocks on Dhan, it has now established itself as a mainstream instrument for market participants with high conviction on specific names who want to increase their position size without exiting the delivery framework.Top traded stocks in MTF - April 2026The following stocks received the maximum funded amounts under MTF in April 2026: CompanyFunded Qty Funded Amt (Cr)ExposureLTPPrice with MTFMargin on DhanHDFC Bank2,37,92,5781,982.091.71%779.40171.474.55xJio Financial Services5,32,11,1201,453.241.25%252.7458.134.35xInfosys1,03,66,9471,352.571.16%1,168.40257.054.55xTata Consultancy Services39,34,8411,117.300.96%2,431.30534.894.55xEternal4,06,30,1861,071.270.92%251.9065.173.87xReliance Industries75,15,3001,062.400.91%1,463.10321.884.55xHindustan Aeronautics23,23,8851,049.380.90%4,559.501,094.284.17xITC2,83,86,247962.270.83%311.1068.444.55xCDSL62,73,415901.900.78%1,238.30317.873.90xMazagon Dock Shipbuilders31,72,197889.680.77%2,611.60764.423.42xBharat Electronics2,02,10,357855.690.74%433.5599.724.35xNippon Silver ETF (SILVERBEES)3,45,87,046843.780.73%230.3693.552.46xDixon Technologies6,73,479824.060.71%11,408.003,072.173.71xPatanjali Foods1,53,93,014819.280.71%456.25104.944.35xMahindra & Mahindra24,25,726796.830.69%3,106.50714.504.35xNazara Technologies2,77,09,290778.170.67%267.3089.872.97xTrent16,73,960770.900.66%4,158.501,052.933.95xSuzlon Energy14,26,74,096770.070.66%54.9614.533.78xYes Bank35,23,31,637744.620.64%19.964.794.17x New MTF position additions- April 2026Beyond total holdings, the April MTF data also highlights which stocks saw fresh leveraged buying. It offers valuable insights for identifying sectors with emerging conviction among investors: CompanyAdded QtyAdded Amt (Cr)ExposureLTPPrice with MTFMargin on DhanWaaree Energies6,29,007197.090.61%3,136.30940.893.33xGarden Reach Shipbuilders1,69,85950.800.37%2,778.301,140.772.44xTata Steel18,07,76238.500.21%212.2448.824.35xNALCO9,08,46337.380.19%407.80115.243.54xEmmvee Photovoltaic Power11,90,29132.210.10%267.3588.793.01xEternal14,41,93531.880.92%251.9065.173.87xLarsen & Toubro76,23931.010.51%4,100.80922.684.44xKFin Technologies3,61,80530.610.22%863.95237.073.64xState Bank of India2,47,55726.460.46%1,068.40235.054.55xNavin Fluorine International32,57725.910.11%6,796.502,110.313.22x MTF positions liquidated- April 2026On the other hand, April was also characterised by significant profit booking and de-risking in some names, which include: CompanyLiquidated QtyLiquidated Amt (Cr)ExposureLTPPrice with MTFMargin on DhanVedanta-6,48,363-152.040.37%294.6573.544.01xInfosys-7,37,747-92.921.16%1,168.40257.054.55xHindustan Aeronautics-1,81,176-82.690.90%4,559.501,094.284.17xReliance Industries-5,82,814-80.390.91%1,463.10321.884.55xTata Consultancy Services-2,71,080-76.910.96%2,431.30534.894.55xBajaj Finance-7,73,786-70.790.35%950.20218.554.35xBajaj Auto-65,718-63.380.12%10,132.002,229.044.55xBharat Dynamics-3,97,510-59.990.44%1,372.40385.923.56xTrent-91,102-45.900.66%4,158.501,052.933.95xCDSL-2,67,808-44.440.78%1,238.30317.873.90xHDFC Bank-4,81,628-43.301.71%779.40171.474.55x The bottom lineThe April 2026 MTF data highlights the regaining of trust of market participants in the Indian equity market. The ₹8,682.39 crore net book addition in April indicates that leveraged investors re-entered the large-cap heavyweight stocks and their growing interest in emerging sectoral themes.These monthly insights serve as a useful barometer of where informed, conviction-led retail capital is being deployed and where it is stepping back, thus helping market participants take more informed investment decisions.

MTF Insights - April 2026: Top traded stocks using margin funding

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