Top Stocks Bought and Sold by Mutual Funds in November 2025

November 2025 marked robust equity fund activity, with inflows accelerating 21 per cent month-on-month to Rs 29,911 crore. Systematic investment plans (SIPs) remained steady at Rs 29,445 crore, anchoring the market with consistent retail participation. Mutual funds deployed a net of approximately Rs 75,000 crore across equity purchases (including all instruments like derivatives and others), demonstrating strong conviction in India's growth narrative amid macroeconomic stability.

Top 15 Stocks Bought by Mutual Funds (November 2025)

What Mutual Funds Bought: Rs 91,692.83 Crore Deployment

Fund managers executed aggressive accumulation across 100+ stocks, totalling Rs 91,692.83 crore. The investment thesis revealed three strategic themes:

Financials Dominate: Billionbrains Garage Ventures (Rs 4,214.52 crore) captured the highest mid-cap allocation as the fintech platform launched its IPO with institutional backing. ICICI Bank (Rs 3,655.58 crore), HDFC Bank (Rs 3,127.65 crore), Bajaj Finance (Rs 2,168.99 crore) and Pine Labs (Rs 2,283.16 crore) completed a coordinated financial services bet, signalling conviction in India's digital and retail lending expansion.

Retail & Consumer Growth: Eternal Ltd (Rs 4,671.86 crore), the single largest buy, anchored consumer discretionary exposure, betting on post-pandemic travel and hospitality recovery. ITC (Rs 3,493.93 crore) and Godrej Consumer (Rs 1,082.27 crore) provided defensive FMCG ballast, while Physicswallah (Rs 1,736.74 crore) tapped India's ed-tech upside.

Technology Expansion: Mphasis (Rs 3,470.36 crore), Infosys (Rs 2,087.53 crore), Tech Mahindra (Rs 1,799.88 crore) and HCL Technologies (Rs 343.91 crore) reflected continued confidence in cloud, digital transformation and IT services despite near-term macro headwinds.

Energy & Infrastructure: Power Grid (Rs 340.18 crore) and Petronet LNG (Rs 267.22 crore) received modest allocations, reflecting selective positioning in energy transition infrastructure.

Top 15 Stocks Sold by Mutual Funds (November 2025)

What Mutual Funds Sold: Rs 37,208 Crore Exits

Fund managers executed disciplined profit-taking, divesting Rs 37,208 crore across 80+ stocks:

Banking Sector Rebalancing: State Bank of India (Rs 2,456.83 crore) witnessed the largest exit despite hitting an all-time high of Rs 989 on November 20, exemplifying contra-cyclical rebalancing. Canara Bank (Rs 1,323.95 crore), Bank of Baroda (Rs 498.86 crore) and AU Small Finance (Rs 764.05 crore) were trimmed, freeing capital for higher-conviction financial plays.

Energy Sector Liquidation: Reliance Industries (Rs 1,399.57 crore), Hindustan Petroleum (Rs 679.60 crore), Bharat Petroleum (Rs 678.92 crore), GAIL (Rs 292.73 crore) and Oil & Natural Gas (Rs 266.92 crore) faced coordinated selling, suggesting mature valuations and reallocation toward cleaner growth narratives.

Healthcare Profit-Taking: Lupin (Rs 1,011.39 crore), Sun Pharma (Rs 985.75 crore), Cipla (Rs 413.51 crore), Max Healthcare (Rs 365.83 crore) and Dr Reddy's (Rs 153.22 crore) experienced trimming post strong prior performance, with funds reallocating into higher-growth segments.

Automobiles & Capital Goods Exits: Cummins India (Rs 848.12 crore), Eicher Motors (Rs 745.44 crore), Hyundai Motors (Rs 313.44 crore) and capital goods names faced outflows, reflecting cyclical hesitation in manufacturing-adjacent sectors.

Sector-wise Net Mutual Fund Activity: Buys vs Sells (November 2025)

Conclusion

November 2025's mutual fund activity (Rs 91,692.83 crore buys vs. Rs 37,208 crore sells) reveals sophisticated sector rotation toward financial services innovation, technology and consumer consumption, away from mature energy and cyclical manufacturing. This positioning aligns with India's structural shift to services-led, digitally-enabled growth, supported by SIP-driven retail participation. The strategy balances growth aspirations with valuation discipline, positioning portfolios for sustainable medium-term appreciation.

Disclaimer: The article is for informational purposes only and not investment advice.