IndiGo, Swiggy, ITC among MF buys in Dec; Infosys, Vedanta, Bajaj Finance top sells

ICICI Prudential Asset Management Co Ltd, InterGlobe Aviation Ltd (IndiGo), Swiggy Ltd, ICICI Bank, Meesho Ltd and ITC Ltd emerged as stocks that saw highest mutual fund buying in December 2025. Infosys Ltd, Vedanta Ltd, Bajaj Finance, Lupin and Dixon Technologies were among their top sells, data showed. 

The month saw equity-oriented mutual funds recording net inflows of Rs 28,100 crore, moderating from Rs 29,900 crore in November 2025, said Nuvama Institutional Equities.  

"While slightly lower on a month-on-month basis, flows remain healthy and reflect continued retail participation amid market consolidation. Systematic investments provided a strong anchor to equity flows, with SIP contributions rising to Rs 31,000 crore, marking a new monthly high and reinforcing the durability of long-term retail engagement," it said.

MFs bought Rs 6,000 crore worth 2.3 crore ICICI AMC shares for the month. They bought an additional 1.2 crore shares of IndiGo worth Rs 5,800 crore, Nuvama calculated. MFs held 8 crore IndiGo shares at the end of December against 6.8 crore shares at the end of November.

HDFC Bank Ltd saw MF buying to the tune of Rs 3,500 crore, ITC (Rs 3,100 crore), Bank of Maharashtra (Rs 1,900 crore), Shriram Finance (Rs 1,800 crore) and Power Grid (Rs 1,700 crore). JSW Energy, Axis Bank, Eternal, Hindustan Aeronautics Ltd (HAL), Trent and UltraTech Cement are some other stocks seeing Rs 1,000-1,500 crore in MF buying for the month gone by.     

 Swiggy saw Rs 5,600 crore worth in MF buying for the month. MFs bought 14.5 crore additional Swiggy shares in December and held 47.4 crore in total shares. In the case of ICICI Bank, fund managers bought 4,300 crore worth shares. Meesho, whose IPO ran from December 3 to December 5, saw Rs 3,600 crore in net MF buying for the month. 

Meanwhile, Infosys saw the highest MF selling for the month. They sold Rs 8,500 crore worth Rs 5.3 crore Infosys shares. The institutional class owned 82.6 crore Infosys shares at the end of December 2025 compared with 87.90 crore shares at the end of November 2025.  MFs sold Rs 1,600 crore worth 2.6 crore Vedanta shares for the month. Bajaj Finance (Rs 1,500 crore), Lupin (Rs 1,300 crore) and Dixon Tech (Rs 1,100 crore) were a few other stocks where MFs sold over Rs 1,000 crore worth shares in December.