₹19,416 cr bought, ₹10,963 cr sold: Where top flexicap funds put money in August
Top 23 flexicap funds stepped up buying in August, deploying ₹19,416 crore across stocks, while selling ₹10,963 crore. Pharma, realty and capital markets attracted the biggest inflows, while petroleum products and IT software saw heavy selling.
- Sep 14, 2026,
- Updated Sep 14, 2026 5:35 AM IST
Top 23 flexicap funds made significant portfolio changes in August, with net purchases of ₹19,416 crore against ₹10,963 crore of sales. The flows show a clear preference for pharmaceuticals, realty and capital markets, while petroleum products and IT software saw the sharpest outflows.
Top flexicap funds increased exposure to 188 stocks worth ₹11,049 crore and made fresh purchases in another 93 stocks worth ₹8,367 crore during August, according to FinAlpha data. On the selling side, exposure to 153 stocks was reduced by ₹7,707 crore, while 76 stocks worth ₹3,256 crore were completely exited.
The buying was led by a mix of large established companies and newer portfolio additions. HDFC Bank saw the biggest increase in exposure at ₹980 crore, followed by Mahindra & Mahindra at ₹836 crore and Sun Pharmaceutical Industries at ₹556 crore.
MUST READ: Equity mutual fund inflows rise 19% to Rs 29,315 crore in August; SIPs hit record high
Biggest increased exposures
| Stock | Increased exposure |
|---|---|
| HDFC Bank | ₹980 crore |
| Mahindra & Mahindra | ₹836 crore |
| Sun Pharma | ₹556 crore |
| Lenskart Solutions | ₹334 crore |
| ICICI Prudential AMC | ₹330 crore |
Fresh buying was particularly notable in UltraTech Cement, which received ₹988 crore from the funds. DLF and Life Insurance Corporation of India followed, with fresh purchases of ₹947 crore and ₹933 crore, respectively.
Biggest fresh buys
| Stock | Fresh buy |
|---|---|
| UltraTech Cement | ₹988 crore |
| DLF | ₹947 crore |
| LIC | ₹933 crore |
The sectoral flows indicate where fund managers deployed capital during the month. Pharmaceuticals recorded the highest net inflow at ₹1,498 crore, followed by realty at ₹1,082 crore and capital markets at ₹1,022 crore. Retailing, healthcare services and cement were among other sectors that attracted sizeable inflows.
Sector-wise net inflows
| Sector | Net inflow |
|---|---|
| Pharmaceuticals | ₹1,498 crore |
| Realty | ₹1,082 crore |
| Capital Markets | ₹1,022 crore |
| Retailing | ₹799 crore |
| Healthcare Services | ₹644 crore |
| Electrical Equipment | ₹547 crore |
The selling activity, meanwhile, was concentrated in several financial, automobile and energy names. Power Finance Corporation recorded the largest reduction at ₹605 crore, followed by ICICI Bank at ₹587 crore and Maruti Suzuki India at ₹434 crore.
Biggest reduced exposures
| Stock | Reduced exposure |
|---|---|
| Power Finance Corporation | ₹605 crore |
| ICICI Bank | ₹587 crore |
| Maruti Suzuki India | ₹434 crore |
| HDFC Bank | ₹310 crore |
| Bank of Baroda | ₹296 crore |
At the sector level, petroleum products saw the highest net outflow at ₹425 crore, followed by IT software at ₹270 crore and oil at ₹244 crore.
Among complete exits, Cyient led with ₹400 crore, followed by ICICI Lombard General Insurance at ₹242 crore and Indian Oil Corporation at ₹235 crore.
The August moves therefore point to active portfolio rotation rather than a uniform risk-on or risk-off approach, with flexicap funds simultaneously adding to select growth-oriented sectors and trimming exposure to others.
Top 23 flexicap funds made significant portfolio changes in August, with net purchases of ₹19,416 crore against ₹10,963 crore of sales. The flows show a clear preference for pharmaceuticals, realty and capital markets, while petroleum products and IT software saw the sharpest outflows.
Top flexicap funds increased exposure to 188 stocks worth ₹11,049 crore and made fresh purchases in another 93 stocks worth ₹8,367 crore during August, according to FinAlpha data. On the selling side, exposure to 153 stocks was reduced by ₹7,707 crore, while 76 stocks worth ₹3,256 crore were completely exited.
The buying was led by a mix of large established companies and newer portfolio additions. HDFC Bank saw the biggest increase in exposure at ₹980 crore, followed by Mahindra & Mahindra at ₹836 crore and Sun Pharmaceutical Industries at ₹556 crore.
MUST READ: Equity mutual fund inflows rise 19% to Rs 29,315 crore in August; SIPs hit record high
Biggest increased exposures
| Stock | Increased exposure |
|---|---|
| HDFC Bank | ₹980 crore |
| Mahindra & Mahindra | ₹836 crore |
| Sun Pharma | ₹556 crore |
| Lenskart Solutions | ₹334 crore |
| ICICI Prudential AMC | ₹330 crore |
Fresh buying was particularly notable in UltraTech Cement, which received ₹988 crore from the funds. DLF and Life Insurance Corporation of India followed, with fresh purchases of ₹947 crore and ₹933 crore, respectively.
Biggest fresh buys
| Stock | Fresh buy |
|---|---|
| UltraTech Cement | ₹988 crore |
| DLF | ₹947 crore |
| LIC | ₹933 crore |
The sectoral flows indicate where fund managers deployed capital during the month. Pharmaceuticals recorded the highest net inflow at ₹1,498 crore, followed by realty at ₹1,082 crore and capital markets at ₹1,022 crore. Retailing, healthcare services and cement were among other sectors that attracted sizeable inflows.
Sector-wise net inflows
| Sector | Net inflow |
|---|---|
| Pharmaceuticals | ₹1,498 crore |
| Realty | ₹1,082 crore |
| Capital Markets | ₹1,022 crore |
| Retailing | ₹799 crore |
| Healthcare Services | ₹644 crore |
| Electrical Equipment | ₹547 crore |
The selling activity, meanwhile, was concentrated in several financial, automobile and energy names. Power Finance Corporation recorded the largest reduction at ₹605 crore, followed by ICICI Bank at ₹587 crore and Maruti Suzuki India at ₹434 crore.
Biggest reduced exposures
| Stock | Reduced exposure |
|---|---|
| Power Finance Corporation | ₹605 crore |
| ICICI Bank | ₹587 crore |
| Maruti Suzuki India | ₹434 crore |
| HDFC Bank | ₹310 crore |
| Bank of Baroda | ₹296 crore |
At the sector level, petroleum products saw the highest net outflow at ₹425 crore, followed by IT software at ₹270 crore and oil at ₹244 crore.
Among complete exits, Cyient led with ₹400 crore, followed by ICICI Lombard General Insurance at ₹242 crore and Indian Oil Corporation at ₹235 crore.
The August moves therefore point to active portfolio rotation rather than a uniform risk-on or risk-off approach, with flexicap funds simultaneously adding to select growth-oriented sectors and trimming exposure to others.