Top Stocks bought and sold by mutual funds in July 2025. SBI, Infosys, TCS, Interglobe aviation in focus.
- Kiran S N
- Aug 18
- 4 min read
Updated: Sep 3
In July, foreign investors turned net sellers, offloading about ₹47,667 crore worth of Indian equities. On the other hand, domestic institutions stepped in with strong support, buying nearly ₹60,939 crore. A big chunk of this came from mutual funds, which, as per AMFI data, saw net inflows of around ₹42,700 crore during the month. Here’s a look at where the action was, which stocks and sectors saw the most activity, and which market caps drew investor focus.
Top stocks bought by mutual funds
Stock Name | Sector | Approx. Buy Value (In Rs. Cr) |
State Bank Of India | Financials | 10519.53 |
Infosys Ltd. | Technology | 5616.85 |
Tata Consultancy Services Ltd. | Technology | 4314.85 |
Reliance Industries Ltd. | Energy | 4025.67 |
Axis Bank Ltd. | Financials | 3871.87 |
HDB Financial Services Ltd. | Financials | 3870.8 |
Kotak Mahindra Bank Ltd. | Financials | 3106.4 |
HCL Technologies Ltd. | Technology | 2837.32 |
Mahindra & Mahindra Ltd. | Auto and Ancillaries | 2809.02 |
Anthem Biosciences Ltd. | Healthcare | 2686.48 |
The buying activity was dominated by State Bank of India's record ₹10,520 crore purchase, representing ~10% of total mutual fund buying for the month. This was likely driven by the bank's ₹25,000 crore QIP issue. The top 15 purchases were heavily concentrated in financial services and technology sectors
The top 5 purchases alone accounted for 28.1% of total buying activity, indicating significant concentration in blue-chip stocks.
In the small-cap space, the top picks included Travel Food Services (₹699 Cr), JB Chemicals & Pharmaceuticals (₹579 Cr), Navin Fluorine International (₹551 Cr), Marathon Nextgen Realty (₹435 Cr), and Akzo Nobel India (₹435 Cr).
On the mid-cap side, allocations were much larger, led by HDB Financial Services (₹3,871 Cr) and Anthem Biosciences (₹2,686 Cr), followed by Oberoi Realty (₹1,393 Cr), Swiggy (₹1,381 Cr), and PB Fintech (₹881 Cr).
Top stocks sold by mutual funds
Stock Name | Sector | Approx. Sell Value (In Rs. Cr) |
Interglobe Aviation Ltd. | Travel | 2377.93 |
Eternal Ltd. | Consumer services | 1601.94 |
Hindustan Petroleum Corporation Ltd. | Energy | 975.36 |
Hindalco Industries Ltd. | Metals | 961.01 |
NTPC Ltd. | Energy | 916.65 |
HDFC Asset Management Company Ltd. | Financials | 834.64 |
ACC Ltd. | Construction | 824.51 |
Solar Industries India Ltd. | Chemicals | 819.3 |
Coal India Ltd. | Energy | 765.16 |
Sun Pharmaceutical Industries Ltd. | Healthcare | 685.8 |
Among mid-caps, the larger exits were from Hindustan Petroleum (₹975 Cr), ACC (₹825 Cr), UPL (₹593 Cr), BSE (₹436 Cr), and ICICI Lombard General Insurance (₹426 Cr).
In the small-cap bucket, top reductions came in Hindustan Copper (₹617 Cr), Aarti Industries (₹471 Cr), Chambal Fertilisers & Chemicals (₹409 Cr), Indian Energy Exchange (₹359 Cr), and Zee Entertainment (₹305 Cr).
Despite the Nifty IT index falling 9% in July (the worst among sectoral indices), mutual funds doubled down on quality IT names. Infosys, TCS, HCL Tech, and Tech Mahindra were aggressively bought. Possible reasons could include attracting valuation, fund managers may have seen this as a bargain
According to CreditSights (Fitch Solutions), Indian banks have less than 10% exposure to export-oriented sectors impacted by the new 50% US tariff, and leading NBFCs hold an even smaller direct exposure. With strong provision buffers, public sector banks’ PCR (provision coverage ratio) is above 70% and new government credit-guarantee schemes supporting SME exporters, asset quality risks remain contained. This backdrop helped mutual funds continue adding to financials, even as they pulled back from other cyclical sectors.
In the Auto & Auto Components space, mutual funds increased exposure to domestic leaders like Mahindra & Mahindra, Maruti Suzuki,Hero MotoCorp, and Bharat Forge, driven by steady urban-rural and tractor demand, rising EV adoption, and limited vulnerability to US tariffs. On the other hand, they trimmed holdings in export-oriented names such as Samvardhana Motherson, and Apollo Tyres, where tariff risks weighed on sentiment.
In Real Estate, mutual funds added positions in Oberoi Realty, Lodha, The Phoenix Mills, Marathon Nextgen, and Godrej Properties, reflecting confidence in the recovery of urban residential and office demand, aided by supportive reforms and lower interest rates. At the same time, they pared exposure to Prestige Estates, Raymond Realty, and NBCC, where slower project launches or sharp recent rallies prompted profit booking.
The selling activity revealed tactical profit-taking and sector rotation strategies, with travel and hospitality stocks facing the largest redemptions. IndiGo Aviation's ₹2,378 crore sale and Eternal Limited's ₹1,602 crore divestment reflected concerns over travel demand and new-age stock valuations
In the Cement sector, mutual funds cut exposure to names like ACC, Grasim, Ambuja, JK Cement, and JK Lakshmi Cement, citing pressure from rising energy and logistics costs, softer monsoon-driven demand, and weakness in export-linked volumes.
Summary
In July 2025, mutual funds clearly tilted their portfolios toward structural growth stories, defensive plays, undervalued sectors and policy-backed themes. Fresh buying was seen in technology, financials, pharmaceuticals, consumer staples, and real estate. On the flip side, allocations to cyclical sectors like aviation, logistics, cement, chemicals, metals, utilities, and media were scaled back, reflecting caution around global headwinds, rising costs, and earnings uncertainty.
The pattern suggests a pragmatic mix of safety and selective opportunity: retail-focused NBFCs provided stability, IT stocks looked attractive after sharp corrections, and capital goods gained from the ongoing capex push. While there are always exceptions, funds do occasionally add names with higher macro or geographic risks, but the overall flows highlight how managers are positioning portfolios for the next few quarters.
Source: AMFI, Rupeevest, JM Financial Institutional Securities Limited
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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