Top 5 Stocks sold by mutual funds in June 2025: ICICI Bank, Reliance, Infosys and more
- Kiran S N
- Jul 30
- 2 min read
Updated: Aug 22
At an aggregate industry level, June portfolio disclosures show that domestic mutual funds unloaded roughly ₹41,000 Crore worth of shares, among which the top 5 accounted for ~₹7,300. The table and the heatmap below rank those stocks and quantify the wave of selling.
Rank | Stock | Sector | Net Qty Sold (shares) | Estimated Sell Value (₹ crore) |
1 | ICICI Bank | Financials | 1.15 crore | 1,663.6 |
2 | Infosys | IT Services | 0.96 crore | 1,516.3 |
3 | Reliance Industries | Energy | 1.03 crore | 1,509.3 |
4 | HDFC Bank | Financials | 0.76 crore | 1,500.0 |
5 | Tata Motors | Auto | 1.67 crore | 1,177.6 |
Why these five?
All are index heavyweights with deep mutual-fund ownership. A single AMC trimming its position therefore magnifies into large absolute sales figures. However, it's not just a single AMC's actions, but a collective action across major AMCs like SBI, Nippon India, HDFC and more.
Key Takeaways
ETF flows: In ICICI Bank and Tata Motors, a notable chunk of selling was passive, driven by SBI MF’s large index funds amplifying headline quantities.
No “across-the-board” churn: While the five names top the sell chart, the same AMCs bought or held them elsewhere (e.g., ICICI Pru added Infosys in a tech-thematic fund even as it sold via large-cap funds).
Profit Booking: Most of the stocks sold in June appear to be part of profit booking after the sharp rally since April, during which Nifty delivered ~17% – 18% returns. This trend doesn’t necessarily indicate any underlying fundamental weakness with the companies, it would be premature to generalise across the board.
June held up with gains of 3.1%, higher than the 15-year average of 1.63%, which wasn’t surprising given the strong run since April. But July’s been a bit of a curveball; it’s turning out to be one of the worst in recent years, shedding ~3% already, even though July usually delivers an average of 2.21%.
It doesn’t mean the rally’s over, but it’s a clear sign to stay alert. Foreign outflows, mixed earnings, and global jitters are starting to weigh, and we’ll need to watch how things shape up heading into August.
Disclaimer: This content is for educational purposes only; please conduct your own research and consult with a qualified investment advisor before making any investment decisions.
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