Portfolio rejig: Here's what top 3 mutual fund houses bought & sold in July
An analysis by Motilal Oswal Financial Services and Nuvama Institutional Equities says India’s top AMCs, SBI Mutual Fund, ICICI Prudential Mutual Fund and HDFC Mutual Fund, increased equity fund values in July 2026. SBI bought Bajaj Finance (₹2,634 cr) and Adani Enterprises (₹2,386 cr), while selling Reliance (₹1,016 cr). ICICI Pru bought Kotak Mahindra Bank (₹2,100 cr) and sold Infosys (₹3,200 cr). HDFC AMC bought Adani Enterprises (₹800 cr) and sold Reliance (₹500 cr).
How this was made
The 30-second read
Why it matters
The main tradable takeaway is relative rotation signals across sectors and large Indian equities, but the article does not disclose new company fundamentals or policy/regulatory events.
Market read
For traders, this is a flow-based rotation read-through, not a fundamental catalyst. It may help frame positioning in the named large caps and sector leaders.
What to watch
The article does not provide total market volumes, execution dates within the month, or whether multiple AMCs moved in the same direction, limiting inference about price impact.
Background
Business Standard summarizes July 2026 equity portfolio changes by India’s top three AMCs, citing brokerage analyses of buys and sells by value.
Ticker impact
ICICI Prudential Mutual Fund sold Infosys stocks worth Rs 3,200 crore in July.
Near-term downside bias possible, but not a reliable directional signal without broader flow confirmation.
The article does not disclose any Infosys fundamental change; it is a portfolio activity report.
Market effects
Highlights rotation toward financials and IT, with pharma also active, but it is based on AMC trades rather than new sector fundamentals.
India-focused equity flow signals may influence near-term positioning in large Indian names.
Low. The story is domestic fund flow data without direct global macro or cross-border catalysts.
Counterpoint
AMC buy/sell values can reflect rebalancing, index/benchmark tracking, or risk management rather than a strong directional view on fundamentals.
Key entities
- asset_managerSBI Mutual Fund
Reported top buys and sells in July, including large purchases in Bajaj Finance and sales in Reliance Industries.
- asset_managerICICI Prudential Mutual Fund
Reported buys and sells in July, including Kotak Mahindra Bank purchases and Infosys/TCS sales.
- asset_managerHDFC Mutual Fund
Reported buys and sells in July, including Adani Enterprises/Adani Green Energy purchases and Reliance Industries sales.
- brokerageMotilal Oswal Financial Services (MOFSL)
Provided the analysis referenced for equity value changes in funds.
- brokerageNuvama Institutional Equities
Provided the analysis referenced for SBI MF’s top purchases.
