Mutual Funds Invests ₹30,600 Crore into Equities, Bought ICICI Bank, SBI and Sun Pharma; Sold Wipro, HDFC Bank and Hindalco in April 2026

In April, mutual funds were active in the market, injecting ₹30,600 crore into equities. Key focuses were ICICI Bank, SBI, and Sun Pharma, while strategic exits included Wipro, HDFC Bank, and Hindalco Industries. 

Major Investments and Divestments by Mutual Funds 

In April, mutual funds actively adjusted their portfolios with significant investments in large, mid, and smallcap stocks. ICICI Bank saw a major investment of ₹8,300 crore, followed by SBI with ₹4,300 crore, and Sun Pharma at ₹2,600 crore.  

However, there were notable reductions in Wipro (₹2,400 crore), HDFC Bank (₹2,200 crore), and Hindalco Industries (₹2,000 crore). 

Focus on Largecap Segment 

The largecap segment witnessed strategic acquisitions in ICICI Bank, SBI, Infosys, and Adani Ports and SEZ.  

Conversely, key divestments were made in Reliance Industries, Kotak Mahindra Bank, Hindalco Industries, Jio Financial, and Wipro.  

The top holdings in pure equity schemes in this category included HDFC Bank, ICICI Bank, Axis Bank, Reliance Industries, and Bharti Airtel. 

Midcap and Smallcap Market Movements 

In the midcap sector, mutual funds preferred stocks like Poonawalla Fincorp, ITC Hotels, and BSE.  

Key reductions occurred in GE Vernova T&D I, Persistent System, and Bharat Forge. For smallcaps, purchases included RBL Bank and Indraprastha Gas, while the highest selling was in Manappuram Finance and GR Infraprojects. 

Read More: Sectoral and Thematic Mutual Funds See 28% Drop in April Inflows Despite Positive Returns! 

Investment Patterns and Strategic Shifts 

Over three months, mutual funds consistently acquired Bharti Airtel, ICICI Bank, and Infosys. Reductions were primarily seen in Life Insurance Corporation, Wipro, and Jio Financial Services. This trend indicates strategic realignments in their investment portfolios to optimise returns. 

Conclusion 

April's mutual fund transactions showcased significant portfolio reshaping across various sectors. While there was a substantial investment in prominent banking and pharmaceutical stocks, reductions were meticulously executed in technology and financial sectors, reflecting strategic adjustments by fund managers. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.