HOW BIG-10 FUND HOUSES CHURNED STOCKS IN JUNE 2026

HOW BIG-10 FUND HOUSES CHURNED STOCKS IN JUNE 2026

When we look at mutual fund buying and selling; it is also the actions of the biggest fund houses that matter. Here is a look at what the top 10 fund houses (ranked by equity AUM) bought and sold in June 2026. The focus will be on the key large cap shifts of these funds, and their alpha picks for the month. Here equity buying / selling refers to overall buying across equity funds, passive funds, and hybrid funds. Here is the narrative for June 2026.

SBI MUTUAL FUND: EQUITY PORTFOLIO CHURN IN JUNE 2026

The table below captures the stock churn of SBI Mutual Fund in June 2026.

SBI MF has exited several BFSI stocks, while accumulating Bajaj Finance and HDFC Bank. In the non-BFSI space, the fund action was mixed across frontline stocks. The alpha hunting has focused specific new-age themes like green energy and financial inclusion.

ICICI PRUDENTIAL MUTUAL FUND: EQUITY PORTFOLIO CHURN IN JUNE 2026

The table below captures the stock churn of ICICI Pru Mutual Fund in June 2026.

ICICI Pru MF made has gone aggressively long on Reliance in June, while selling aggressively into Larsen & Toubro. Clearly, the Middle East opportunity getting delayed has not gone down well with MFs. It has shown a preference for HDFC Bank in BFSI space. Alpha picks were bottom-up.

HDFC MUTUAL FUND: EQUITY PORTFOLIO CHURN IN JUNE 2026

The table below captures the stock churn of HDFC Mutual Fund in June 2026.

The fund has aggressively added positions in Eternal and Reliance Industries, while being cautious on L&T and Maruti Suzuki. Alpha picks continue to be on the renewable energy and commodity front, especially amid the ongoing unrest in the Gulf region.

NIPPON MUTUAL FUND: EQUITY PORTFOLIO CHURN IN JUNE 2026

The table below captures the stock churn of Nippon Mutual Fund in June 2026.

Nippon MF has been one of the few large funds going all out buying large private banking stocks. Its theme was predominantly on the buy side in June 2026. Alpha hunting focus was largely on digital stocks, with Meesho and Groww being its top two alpha picks for the month.

KOTAK MUTUAL FUND: EQUITY PORTFOLIO CHURN IN JUNE 2026

The table below captures the stock churn of Kotak Mutual Fund in June 2026.

Kotak MF actions were largely on the sell side, predominantly in the large banking stocks, apart from Reliance. Buying was limited to just Maruti and Eternal. The alpha hunting list included several names in the financial inclusion space. Other alpha buys were stock-specific.

ABSL MUTUAL FUND: EQUITY PORTFOLIO CHURN IN JUNE 2026

The table below captures the stock churn of ABSL Mutual Fund in June 2026.

Aditya Birla Sun Life (ABSL) MF was again cautious on most frontline stocks; preferring to stay neutral on the buy-side. The alpha picks had a strong technology products outsourcing and power related plays.

AXIS MUTUAL FUND: EQUITY PORTFOLIO CHURN IN JUNE 2026

The table below captures the stock churn of AXIS Mutual Fund in June 2026.

Axis MF made big bets on large BFSI plays, apart from its biggest bet on Eternal Ltd. The fund has also been an aggressive seller in frontlines like RIL, ICICI Bank, and SBI. The alpha picks for the month had several customer facing product and service stocks.

DSP MUTUAL FUND: EQUITY PORTFOLIO CHURN IN JUNE 2026

The table below captures the stock churn of DSP Mutual Fund in June 2026.

DSP MF was an aggressive buyer in Reliance Industries and SBI, the latter probably ahead of the AMC IPO. Its broad focus was on the buy side, with IPCA Labs being the only major sell candidate among frontline stocks. On alpha hunting, the focus was on the BFSI space.

MIRAE MUTUAL FUND: EQUITY PORTFOLIO CHURN IN JUNE 2026

The table below captures the stock churn of Mirae Mutual Fund in June 2026.

Mirae Mutual Fund was an aggressive buyer in Reliance and Mahindra & Mahindra in June 2020; but was either neutral or selling in frontline banks. In alpha hunting, the focus was on IPO candidates and financial inclusion as a theme in mid and small caps.

MOTILAL OSWAL MUTUAL FUND: EQUITY PORTFOLIO CHURN IN JUNE 2026

The table below captures the stock churn of Motilal Oswal Mutual Fund in June 2026.

BEL was its top large-cap pick; but for the fourth month in a row, MOSL MF stayed positive on Shriram Finance. However, it sharply pared positions in MCX, Coforge, and Persistent Systems. On the alpha front, the fund appears to be betting big on digital plays and once again on the Adani group.