Top 10 Mutual Funds Stock Churn Feb 2026: AMC Moves

MF CHURN – WHAT THE TOP 10 AMC HOUSES DID IN FEB-26

Here is a quick look at what the top 10 fund houses bought and sold in the month of February 2026. We will look at the key movements in large cap stocks and also what these funds bought for alpha generation. We have ranked the top 10 fund houses based on the equity AUM managed by them, hence they may not match with overall AUM rankings. This is a comprehensive look at what each of these fund houses bought across their active equity, passive equity, and hybrid schemes. Here is a look at how the top-10 churn.

SBI MUTUAL FUND: EQUITY PORTFOLIO CHURN IN FEBRUARY 2026

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

SBI MF seems to be mixed about banking, while it has lowered its stakes in technology. The alpha additions were largely bottom-up stories.

ICICI PRUDENTIAL MUTUAL FUND: EQUITY PORTFOLIO CHURN IN FEBRUARY 2026

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

ICICI Pru MF is broadly positive on the banking space and it has shown some brave aggression in Infosys. However, the fund has been a heavy net seller in industrials. The alpha additions reflect the caution around the current geopolitical risk.

HDFC MUTUAL FUND: EQUITY PORTFOLIO CHURN IN FEBRUARY 2026

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

The company was a surprising buyer in L&T, despite the problems in the Middle East, and bottom fishing in Infosys. However, the fund remained cautious on banks. Its alpha picks had a clear bias towards digital cum technology plays.

NIPPON LIFE MUTUAL FUND: EQUITY PORTFOLIO CHURN IN FEBRUARY 2026

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

While the fund was an aggressive seller in SBI, it was also an aggressive buyer in Infosys Ltd during the month of February 2026. Apart from SBI, the selling was seen in industrials, although BEL was a surprising choice. Alpha stories were largely bottom-up in nature.

UTI MUTUAL FUND: EQUITY PORTFOLIO CHURN IN FEBRUARY 2026

The table below captures the stock churn of UTI Mutual Fund in February 2026.

UTI Mutual Fund was also broadly mixed on the banking space, although the action on both the sides was not too aggressive. Amidst the worsening geopolitical scenarios, the fund opted to wait and watch, before taking any aggressive stock-specific calls.

ABSL MUTUAL FUND: EQUITY PORTFOLIO CHURN IN FEBRUARY 2026

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

Aditya Birla Sun Life (ABSL) MF was also cautious on the market with buying limited and veering more towards selling and neutral positions. The fund was seen bottom fishing in select stocks like Kaynes Technology, an EMS stocks that has corrected over 50% from peak.

AXIS MUTUAL FUND: EQUITY PORTFOLIO CHURN IN FEBRUARY 2026

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

Axis MF was broadly negative on the markets amid global risks, and did not add positions in the month. Selling was distributed. Its alpha purchases were bottom-up in nature and had a strong industrial component to it.

KOTAK MUTUAL FUND: EQUITY PORTFOLIO CHURN IN FEBRUARY 2026

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

Kotak MF has been trading both ways in February although its buying in L&T, Bharti Airtel, and HDFC Bank was very aggressive. Kotak MF also sold aggressively in BEL and could pertain to the recent rally in the stock.

MIRAE MUTUAL FUND: EQUITY PORTFOLIO CHURN IN FEBRUARY 2026

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

The fund was an aggressive buyer in technology stocks including Bharti Airtel, Infy, and Eternal. While the fund was cautious on banks, it was a buyer in HDFC Bank. The alpha stories had a mix of BFSI and technology.

DSP MUTUAL FUND: EQUITY PORTFOLIO CHURN IN FEBRUARY 2026

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

DSP MF has once again bought aggressively into the big private banks and tech intensive stocks. However, it has remained bearish on SBI. The alpha buying was largely bottom-up stories for the month.