Mutual Funds Show Bold Moves in July—SBI, Reliance Lead Investment Surge

In July 2025, India’s mutual fund houses actively reshuffled their portfolios, placing strong bets on prominent names like SBI and Reliance, while also trimming some holdings and backing fresh public listings. These shifts highlight where fund managers anticipate value and growth in the current market.

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Concentrated Bets on SBI and Reliance

SBI emerged as the most favoured stock across mutual fund platforms. SBI Mutual Fund itself pumped in ₹2,322 crore into the bank, followed by ₹1,510 crore from HDFC Mutual Fund and ₹883 crore from Aditya Birla Sun Life Mutual Fund. 

Reliance Industries also drew substantial interest—ICICI Prudential Mutual Fund acquired ₹3,542 crore worth of shares, while Kotak Mutual Fund invested ₹1,209 crore. Additionally, HCLTech received ₹894 crore from HDFC Mutual Fund and ₹877 crore from Kotak Mutual Fund. 

SBI Mutual Fund also added stakes in Oberoi Realty and Tata Steel. 

Heavy Exits from Select Stocks

On the exit front, SBI Mutual Fund offloaded ₹863 crore of Sun Pharma and ₹709 crore worth of Muthoot Finance. HDFC Mutual Fund trimmed ₹1,163 crore from Solar Industries and ₹601 crore from Larsen & Toubro. ICICI Prudential Mutual Fund significantly reduced its exposure to InterGlobe Aviation by ₹1,498 crore, while Aditya Birla Sun Life Mutual Fund exited ₹198 crore. Other exits included Bharti Airtel and HPCL by Kotak and Aditya Birla funds, respectively. 

New IPOs Garner Fund Support

• July also saw mutual fund houses enthusiastically subscribe to new listings. Anthem Bio attracted capital from HDFC, ICICI Prudential, and Aditya Birla Sun Life funds.
• NSDL was backed by SBI and HDFC funds, and Travel Food Services drew interest from Kotak and ICICI Prudential Mutual Funds. 

Complete Divestments in Specific Firms

Some stocks were entirely removed from portfolios. SBI Mutual Fund fully exited from Raymond Realty; Kotak Mutual Fund did the same with GPT Healthcare; and ICICI Prudential Mutual Fund withdrew its investments in Unichem Labs. 

These exits suggest shifting outlooks on these sectors or companies.

Conclusion

July 2025 saw mutual fund houses significantly reallocate resources, favouring established names such as SBI, Reliance, and HCLTech, while embracing IPOs like Anthem Bio and NSDL. These moves reflect a sharp focus on high-conviction value bets and future growth themes.