What Mutual Funds Bought And Sold In December

Mutual Funds Emerge as Strong Net Buyers in Indian Secondary Market in December 2025

Mutual funds have emerged as strong net buyers in the Indian secondary market in December 2025, even as foreign institutional investors (FIIs) continued to pare exposure. According to data from Nuvama Institutional Equities, mutual funds bought equities worth Rs 38,900 crore during the month, while FIIs sold Rs 31,400 crore.

Key Buying and Selling Sectors in Pure Equity Schemes

• Buying Sectors: Large-cap buying by mutual funds was concentrated in ICICI Bank, HDFC Bank, Shriram Finance, Tech Mahindra, and Kotak Mahindra Bank.
• Selling Sectors: Funds trimmed exposure to Infosys, State Bank of India, Maruti Suzuki, Bajaj Finance, and Reliance Industries.

New Small-Cap Entries and Exits

• New Small-Cap Entries: Inox Green Energy Services, Shipping Corporation of India, Indian Metals & Ferro Alloys, Borosil Renewables, and Datamatics Global Services.
• Complete Exits: Gandhar Oil Refinery, Praveg, Taj GVK Hotels, Knowledge Marine & Engineering Works, and others.

Equity Schemes Additions and Reductions

• Largest Additions: ICICI Prudential AMC worth Rs 6,000 crore, InterGlobe Aviation (Rs 5,800 crore), and Swiggy (Rs 5,600 crore).
• Largest Reductions: Infosys saw the sharpest cut at Rs 8,500 crore, followed by Vedanta (Rs 1,600 crore) and Bajaj Finance (Rs 1,500 crore).

Mid-Cap and Small-Cap Equity Schemes Activity

• Mid-Cap Additions: Belrise Industries (Rs 900 crore), Privi Speciality Chemicals (Rs 700 crore), and Akzo Nobel India (Rs 600 crore).
• Mid-Cap Reductions: Kaynes Technology (Rs 800 crore), HFCL (Rs 500 crore), and Nazara Technologies (Rs 400 crore).
• Small-Cap Additions: CORONA Remedies (Rs 500 crore), Wakefit Innovations (Rs 500 crore), and Akums Drugs (Rs 300 crore).
• Small-Cap Reductions: Zee Entertainment, GHCL, and Neogen Chemicals, each by about Rs 100 crore.

Three-Month Activity in Mutual Fund Additions and Reductions

Over the last three consecutive months, large-cap additions were led by HDFC Bank, ICICI Bank, ITC, Kotak Mahindra Bank, and Hindustan Aeronautics, while Reliance Industries, State Bank of India, Life Insurance Corporation, Sun Pharma, and ONGC saw reductions.

Mid-cap buying focused on Container Corporation, Dalmia Bharat, 3M India, Astral, and UCO Bank, while small-cap additions included Olectra Greentech, Vesuvius India, and GR Infraprojects.