ICICI Pru MF, HDFC MF, SBI MF, Kotak MF: What did these AMCs buy and sell in December?
Despite a decline in equity mutual fund net inflows, the mutual fund industry was vibrant in December with SIP inflows recording a fresh peak of Rs 31,002 crore, up from Rs 29,445 crore in November. But what did India's top AMCs buy and sell in December?
Kolkata: Mutual funds are supposed to hold the pulse of investors. Anyway, they are trusted by millions of investors who put a large part of their savings with the mutual fund schemes. While the total number of MF folios reached about 26.13 crore, the number of SIP accounts went up to nearly 9.8 crore in December 2025. The fund managers have the responsibility of maximising returns for the investors, within the risk parameters laid down in the scheme document.
Mutual funds signal skill in investment and heft in selection of assets and instruments where to put in funds. Therefore, what they invest in carry a big meaning not only for the direct investors in the scheme but for a large number of investors who can gain insights from the decision of the fund managers. Let's have a look at what five big AMCs of the country have bought and sold in December. The data has been crunched by Nuvama Alternative & Quantitative Research.
SBI MF
SBI MF is the biggest mutual und house in India. It invested big sums in Meesho IPO (Rs 2,186 crore) and ICICI Prudential AMC (Rs 2,017 crore) in December. SBI MF also picked up stake in Interglobe Aviation worth Rs 1,817 crore when the aviation crisis in the operator was at its height. On the other hand, SBI MF trimmed its holdings in HDFC Bank (Rs 972 crore), Reliance Industries (Rs 750 crore) and Eicher Motors (Rs 742 crore). The fund exited Bank of Baroda, Aditya Birla Capital and Grasim Industries, along with Craftsman Automation, Punjab & Sind Bank and Nazara Tech.
HDFC MF
HDFC MF, the AMC arm of the biggest private sector bank in the country, The fund also raised its bets on Indigo and bought stakes in Interglobe Aviation in December (Rs 691 crore). It also picked up stake in Eternal (Rs 600 crore) and ICICI Prudential AMC (Rs 538 crore). It also bought Tata Chemicals and Wakefit Innovations shares. On the other hand, HDFC AMC trimmed its stake in Cipla (Rs 428 crore), Eicher Motors (Rs 206 crore) and L&T Finance (Rs 147 crore). The companies where HDFC MF exited completely included Bharat Dynamics, Gandhar Oil, OLA Electric, and Torrent Power.
ICICI Prudential MF
ICICI Prudential MF recently made waves on Dalal Street with its own IPO, which witnessed a storm of applications from all categories of bidders. The newly-listed company bought stake in Interglobe Aviation (Rs 3,760 crore), ITC (Rs 2,128 crore) and Swiggy (Rs 1,302 crore). On the other hand, it trimmed stake in Infosys (Rs 4,516 crore), TCS (Rs 864 crore) and Vedanta (Rs 863 crore). The fund also picked up stakes in Maharashtra Seamless, Coforge, GSK Pharma, and JSW Infra. ICICI Pru made a total exit from Cohance Lifesciences, Indus Towers, EPL, NMDC, ZF Commercial, EPL and Pricol.
Kotak MF
The big time purchases by Kotak MF in December featured HDFC Bank (Rs 1,234 crore), Bank of Maharashtra (Rs 1,000 crore) and Bank of Baroda (Rs 703 crore). Kotak MF bought fresh shares in Nippon Life India AMC and Ujjivan Small Finance Bank. The AMC trimmed stake in Hindalco Industries (Rs 712 crore), Hero MotoCorp (Rs 532 crore) and Oil India (Rs 497 crore). Kotak MF exited Bajaj Auto, Oil India and GE Shipping.
Axis MF
Axis MF made significant purchases in Shriram Finance (Rs 714 crore), Reliance Industries (Rs 586 crore) and Tata Motors (Rs 513 crore). The AMC trimmed stakes in Bajaj Finance (Rs 1,305 crore), IndiGo (Rs 1,000 crore) and Bharti Airtel (Rs 877 crore). The fund made a complete exit from Hexaware, Asian Paints and Biocon.
Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, InvITs and any form of alternative investment instruments and crypto assets.