India’s MTF book, which lets investors buy shares using broker-funded loans, hit a record ₹1.27 trillion in May, up 65% year-on-year and 11% over April, according to CareEdge Ratings. The growth contrasted with futures and options activity, where the average daily turnover was largely flat sequentially as a higher securities transaction tax and Sebi’s earlier curbs weighed on speculative trading.
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