INR Flow — RBI · SIP · MTF
Where Indian money is going, and what the central bank is doing about the rupee. Official data, plain English. Not investment advice.
MTF snapshot
Leverage zone Estimate
HIGH
95th percentile of 3-year range
Now ₹1,51,200 cr 23 Oct 2026Peak ₹1,58,716 cr 30 Sept 2026
Book shrinking or growing? Official
▼ SHRINKING
7 days▼ −₹4,518 cr −2.9%
This month▼ −₹7,516 cr −4.7%
Year to date▲ +₹33,720 cr 28.7%
−4.7% below peak
Selling or liquidation? Estimate
Traders closing positions (orderly)
19 Oct1.9%21 Oct3.0%22 Oct2.4%23 Oct3.7%
Last 5 NSE sessions: net −₹4,333 cr · 1 spike day
SIPs under water by sector Estimate
7 of 8 sectors have SIPs under water (1Y).
Financial Services−7.0%
Auto−7.0%
Nifty 50−6.7%
Midcap 150−5.5%
Capital Goods−5.3%
Metals−2.1%
Smallcap 250−1.3%
IT+1.9%
Latest close vs average SIP cost. 1Y window: 12 monthly SIPs, 3 Nov 2025 → 1 Oct 2026; prices to 26 Oct 2026.
Source: NSE index closes · Estimate
Source: NSE MTF file · mtf.trading (third-party) · AMFI market-cap listAs of NSE 23 Oct 2026 · BSE 23 Oct 2026
1Is more buying coming?
Mixed: FII futures neutral + DIIs still strong Estimate
FII index futures: long share Official
12.6% long Neutral
≤ 11.6%≥ 43.7%
FII futures neutral: no big short-covering push either way.
Source: NSE participant OIAs of 26 Oct 2026
DII buying pace vs usual Third-party
1.4× usual Strong
DII buying 1.4× usual pace this month. Domestic money is still coming in faster than usual.
Source: NSE FII/DII · fundtrackerindia (third-party)As of October 2026 to date, 15 sessions
2Where the SIP money went Official
Change in net inflow by category (Aug 26 → Sept 26, AMFI, active equity)
▲ Growing
Large Cap+₹2,007 cr
Sectoral+₹1,893 cr
Flexi Cap+₹1,642 cr (+32.5%)
▼ Shrinking
Contra−₹1,426 cr (-107.4%)
% shown only where Aug 26 inflow was positive.
In Sept 26, equity mutual funds took in a net ₹38,307 cr. The biggest slice went to Small Cap funds: ₹9,039 cr.
Net inflow by active equity fund category, Sept 2026 (₹ cr)
Passive / EPFO money, Sept 26 Official Equity ETFs +₹9,960 crIndex funds (equity) +₹2,649 cr
Hybrid funds
SIP card, Sept 2026
Source: AMFI · updated monthly
SIP inflow
₹32,490 cr
Contributing SIP accounts
10.06 cr
New SIP registrations
63.26 lakh
SIPs discontinued + matured
49.68 lakh
SIP AUM
₹17,86,095 cr
Stoppage ratio (discontinued + matured)
78.5%
÷ new registrations
Source: AMFI monthly report (xls) · AMFI monthly data (SIP figures)As of Sept 2026 · SIP card edited 24 Oct 2026
3Where the margin money went
Margin trading (MTF) means buying shares with money borrowed from your broker. The total borrowed book tells you how much leveraged money is in the market.
Under MTF, investors buy shares with part of their own money and part borrowed from their broker, paying interest on the loan. If prices fall, brokers ask for more margin, and positions that aren't topped up get sold. A shrinking book can mean traders are cutting risk on their own, which is orderly. A fast fall during a price drop usually means forced selling.
Margin money by sector this month (30 Sept 2026 → 23 Oct 2026, NSE, equity only)
▲ Growing
Consumer Durables+₹124 cr
Forest Materials+₹6 cr
Utilities+₹1 cr
▼ Shrinking
Financial Services−₹2,031 cr
Information Technology−₹2,013 cr
Capital Goods−₹577 cr
By sector, 23 Oct 2026 (NSE, equity only)
Margin book · share
Change this month (30 Sept 2026 → 23 Oct 2026)
Change this month (30 Sept 2026 → 23 Oct 2026)
Other/unclassified: 14.0% of the book is in stocks outside the Nifty Total Market and Microcap 250 lists, which are our industry source.
Top 50 stocks (equity only) by margin money, 23 Oct 2026 (NSE)
W = this week: 16 Oct 2026 → 23 Oct 2026 · M = this month: 30 Sept 2026 → 23 Oct 2026 · Daily change vs 22 Oct 2026. Big move = weekly change ≥ ±10% and ≥ ±₹25 cr.
| # | Stock | Size | Sector | Margin book | Daily change | This week | This month |
|---|---|---|---|---|---|---|---|
| 1 | HDFCBANK | Large | Financial Services | ₹3,016 cr | −₹42 cr | ▲ +₹114 cr (+3.9%) | ▼ −₹266 cr (−8.1%) |
| 2 | BSE | Large | Financial Services | ₹2,718 cr | −₹45 cr | ▼ −₹61 cr (−2.2%) | ▼ −₹482 cr (−15.1%) |
| 3 | RELIANCE | Large | Oil Gas & Consumable Fuels | ₹2,658 cr | −₹34 cr | ▲ +₹9 cr (+0.3%) | ▼ −₹228 cr (−7.9%) |
| 4 | JIOFIN | Large | Financial Services | ₹1,793 cr | −₹18 cr | ▼ −₹2 cr (−0.1%) | ▲ +₹12 cr (+0.7%) |
| 5 | BEL | Large | Capital Goods | ₹1,256 cr | −₹23 cr | ▼ −₹19 cr (−1.5%) | ▼ −₹16 cr (−1.3%) |
| 6 | ITC | Large | Fast Moving Consumer Goods | ₹1,121 cr | −₹13 cr | ▼ −₹36 cr (−3.1%) | ▼ −₹61 cr (−5.2%) |
| 7 | LT | Large | Construction | ₹1,031 cr | −₹1 cr | ▼ −₹9 cr (−0.9%) | ▲ +₹106 cr (+11.5%) |
| 8 | SBIN | Large | Financial Services | ₹1,015 cr | −₹14 cr | ▼ −₹71 cr (−6.5%) | ▼ −₹71 cr (−6.5%) |
| 9 | SUZLON | Mid | Capital Goods | ₹997 cr | −₹6 cr | ▼ −₹12 cr (−1.2%) | ▼ −₹51 cr (−4.9%) |
| 10 | IDEA | Large | Telecommunication | ₹979 cr | −₹29 cr | ▼ −₹97 cr (−9.0%) | ▼ −₹102 cr (−9.4%) |
| 11 | ADANIPOWER | Large | Power | ₹967 cr | −₹5 cr | ▲ +₹10 cr (+1.0%) | ▲ +₹29 cr (+3.0%) |
| 12 | VEDL | Large | Metals & Mining | ₹914 cr | −₹17 cr | ▼ −₹34 cr (−3.6%) | ▲ +₹107 cr (+13.3%) |
| 13 | HINDCOPPER | Mid | Metals & Mining | ₹905 cr | −₹17 cr | ▼ −₹40 cr (−4.2%) | ▼ −₹67 cr (−6.9%) |
| 14 | TMPV | Large | Automobile and Auto Components | ₹866 cr | −₹18 cr | ▼ −₹6 cr (−0.7%) | ▼ −₹49 cr (−5.4%) |
| 15 | SAMMAANCAP | Small | Financial Services | ₹857 cr | −₹11 cr | ▼ −₹33 cr (−3.7%) | ▼ −₹50 cr (−5.6%) |
| 16 | MAZDOCK | Mid | Capital Goods | ₹838 cr | −₹13 cr | ▼ −₹36 cr (−4.1%) | ▼ −₹70 cr (−7.7%) |
| 17 | BHEL | Large | Capital Goods | ₹817 cr | −₹11 cr | ▼ −₹14 cr (−1.7%) | ▲ +₹77 cr (+10.4%) |
| 18 | M&M | Large | Automobile and Auto Components | ₹813 cr | −₹20 cr | ▼ −₹13 cr (−1.6%) | ▼ −₹20 cr (−2.5%) |
| 19 | INFY Big move | Large | Information Technology | ₹808 cr | −₹17 cr | ▼ −₹140 cr (−14.8%) | ▼ −₹598 cr (−42.5%) |
| 20 | PATANJALI | Mid | Fast Moving Consumer Goods | ₹796 cr | −₹27 cr | ▲ +₹9 cr (+1.1%) | ▲ +₹26 cr (+3.4%) |
| 21 | LAURUSLABS | Mid | Healthcare | ₹777 cr | +₹10 cr | ▲ +₹23 cr (+3.1%) | ▲ +₹33 cr (+4.4%) |
| 22 | MARUTI | Large | Automobile and Auto Components | ₹741 cr | −₹6 cr | ▼ −₹9 cr (−1.2%) | ▲ +₹19 cr (+2.7%) |
| 23 | TATASTEEL | Large | Metals & Mining | ₹724 cr | −₹5 cr | ▲ +₹13 cr (+1.9%) | ▼ −₹120 cr (−14.2%) |
| 24 | WAAREEENER | Mid | Capital Goods | ₹716 cr | −₹10 cr | ▼ −₹17 cr (−2.3%) | ▼ −₹94 cr (−11.6%) |
| 25 | CDSL | Small | Financial Services | ₹713 cr | −₹5 cr | ▼ −₹11 cr (−1.6%) | ▼ −₹37 cr (−4.9%) |
| 26 | ANANTRAJ | Small | Realty | ₹678 cr | −₹7 cr | ▼ −₹21 cr (−2.9%) | ▼ −₹53 cr (−7.2%) |
| 27 | CANBK | Large | Financial Services | ₹674 cr | +₹10 cr | ▼ −₹40 cr (−5.6%) | ▼ −₹6 cr (−0.9%) |
| 28 | TFCILTD | Micro | Other/unclassified | ₹669 cr | −₹3 cr | ▲ +₹6 cr (+0.9%) | ▼ −₹44 cr (−6.2%) |
| 29 | LLOYDSME | Mid | Metals & Mining | ₹651 cr | +₹26 cr | ▲ +₹59 cr (+9.9%) | ▲ +₹7 cr (+1.1%) |
| 30 | PFC | Large | Financial Services | ₹641 cr | +₹4 cr | ▲ +₹4 cr (+0.7%) | ▼ −₹38 cr (−5.6%) |
| 31 | TCS Big move | Large | Information Technology | ₹641 cr | −₹40 cr | ▼ −₹122 cr (−16.0%) | ▼ −₹486 cr (−43.1%) |
| 32 | BHARTIARTL | Large | Telecommunication | ₹640 cr | −₹15 cr | ▼ −₹43 cr (−6.2%) | ▼ −₹214 cr (−25.0%) |
| 33 | RVNL | Mid | Construction | ₹638 cr | −₹13 cr | ▼ −₹22 cr (−3.3%) | ▼ −₹54 cr (−7.7%) |
| 34 | KAYNES | Small | Capital Goods | ₹624 cr | −₹11 cr | ▼ −₹33 cr (−5.0%) | ▲ +₹1 cr (+0.2%) |
| 35 | KTKBANK | Micro | Financial Services | ₹614 cr | −₹3 cr | ▼ −₹11 cr (−1.7%) | ▲ +₹28 cr (+4.7%) |
| 36 | NAZARA | Micro | Media Entertainment & Publication | ₹611 cr | −₹13 cr | ▼ −₹10 cr (−1.7%) | ▼ −₹33 cr (−5.1%) |
| 37 | DIXON | Mid | Consumer Durables | ₹611 cr | −₹7 cr | ▼ −₹23 cr (−3.6%) | ▲ +₹32 cr (+5.5%) |
| 38 | ASHOKLEY | Mid | Capital Goods | ₹609 cr | −₹13 cr | ▼ −₹18 cr (−2.8%) | ▼ −₹4 cr (−0.6%) |
| 39 | ZEEL | Micro | Media Entertainment & Publication | ₹591 cr | −₹5 cr | ▲ +₹50 cr (+9.2%) | ▲ +₹7 cr (+1.1%) |
| 40 | BDL | Mid | Capital Goods | ₹590 cr | −₹12 cr | ▼ −₹18 cr (−3.0%) | ▼ −₹42 cr (−6.6%) |
| 41 | IRFC | Large | Financial Services | ₹578 cr | −₹7 cr | ▼ −₹12 cr (−2.1%) | ▼ −₹48 cr (−7.6%) |
| 42 | GRANULES | Small | Healthcare | ₹570 cr | −₹3 cr | ▲ +₹0 cr (+0.0%) | ▼ −₹48 cr (−7.7%) |
| 43 | SWIGGY | Mid | Consumer Services | ₹554 cr | −₹19 cr | ▼ −₹17 cr (−2.9%) | ▼ −₹1 cr (−0.2%) |
| 44 | GRSE | Small | Capital Goods | ₹553 cr | −₹10 cr | ▼ −₹23 cr (−4.0%) | ▼ −₹37 cr (−6.3%) |
| 45 | NETWEB | Small | Information Technology | ₹552 cr | −₹3 cr | ▼ −₹24 cr (−4.2%) | ▲ +₹4 cr (+0.8%) |
| 46 | YESBANK Big move | Mid | Financial Services | ₹552 cr | −₹30 cr | ▼ −₹63 cr (−10.2%) | ▼ −₹121 cr (−18.0%) |
| 47 | HSCL | Small | Chemicals | ₹512 cr | −₹17 cr | ▼ −₹1 cr (−0.2%) | ▲ +₹18 cr (+3.7%) |
| 48 | HINDALCO | Large | Metals & Mining | ₹512 cr | −₹1 cr | ▲ +₹3 cr (+0.6%) | ▼ −₹24 cr (−4.5%) |
| 49 | ADANIENT | Large | Metals & Mining | ₹481 cr | −₹0 cr | ▲ +₹14 cr (+2.9%) | ▲ +₹81 cr (+20.1%) |
| 50 | HINDZINC | Large | Metals & Mining | ₹475 cr | −₹6 cr | ▲ +₹26 cr (+5.7%) | ▲ +₹18 cr (+3.9%) |
Source: NSE MTF file · mtf.trading (third-party) · AMFI market-cap list · NSE industry listsAs of NSE 23 Oct 2026 · BSE 23 Oct 2026
4Stress gauges
Where leveraged money could get hurt next.
⚠ Needs attention now
● Nifty 50: 7.2% from next liquidation level
Midcap 150 High marginHigh stress
−11.6% from high
Margin ₹25,073 cr · ▼3.1% this week
Next liquidation level 19,660 · 5.5% away
margin being cut
CalmWatchHigh
Smallcap 250 High marginWatch
−10.6% from high
Margin ₹33,852 cr · ▼3.6% this week
Next liquidation level 15,641 · 5.6% away
12-mo SIP avg cost 16,787 · index −1.3%
margin being cut
CalmWatchHigh
Metals High stress
−14.5% from high
Margin ₹7,890 cr · ▼0.2% this week
Next liquidation level 11,046 · 5.8% away
small margin book
CalmWatchHigh
Auto High stress
−15.8% from high
Margin ₹7,136 cr · ▼2.9% this week
Next liquidation level 23,190 · 7.1% away
margin being cut
CalmWatchHigh
Nifty 50 High marginHigh stress
−13.6% from high
Margin ₹25,354 cr · ▼1.4% this week
Next liquidation level 21,111 · 7.2% away
CalmWatchHigh
Financial Services High marginHigh stress
−14.1% from high
Margin ₹28,414 cr · ▼2.1% this week
Next liquidation level 22,622 · 7.5% away
margin being cut
CalmWatchHigh
Capital Goods High stress
−12.0% from high
Margin ₹19,725 cr · ▼3.4% this week
Next liquidation level 13,425 · 8.5% away
margin being cut
CalmWatchHigh
IT Calm
−18.3% from high
Margin ₹5,914 cr · ▼9.1% this week
Next liquidation level 26,819 · 16.9% away
shallow fall for this index
CalmWatchHigh
Source: NIFTY MIDCAP 150 · NIFTY SMALLCAP 250 · NIFTY METAL · NIFTY AUTO · NIFTY 50 · NIFTY FINANCIAL SERVICES · NIFTY INDIA MANUFACTURING · NIFTY ITAs of 26 Oct 2026
5Are Indians sending more into overseas equity/debt? Official
Month on month (Aug 26 vs Jul 26)
▼ −₹234 cr
Shrinking · −7.1%
₹3,303 cr → ₹3,069 cr
Quarter on quarter (last 3 mo vs prior 3)
▲ +₹918 cr
Growing · +9.4%
Mar 26–May 26 ₹9,791 cr → Jun 26–Aug 26 ₹10,709 cr
Conclusion. A soft month (−7.1%), but the last quarter is still up 9.4% — the overseas equity/debt trend is intact. Still +130.3% vs a year ago.
This tracker uses official NSE, BSE, NSDL and AMFI data, along with the third-party sources marked on each panel. Figures marked Estimate are modelled, not reported. Nothing here is investment advice.
Labels: Provisional = NSE same-day figures. Third-party = not an official source (mtf.trading). Estimate = our calculation. Manual = entered by the editor from an official release. Gaps are left as gaps. Page built 27 Oct 2026, 2:53 pm IST. Part of INR Flow · RBI sister site · products.