Top Mutual Funds' December Moves: IPOs, Aviation, and Sector Shifts Dominate

• Indian Mutual Funds recorded ₹28,100 crore in net equity inflows in December, with SIP contributions reaching a new high of ₹31,000 crore.
• Funds actively invested in new IPOs like Meesho and ICICI Prudential AMC, and increased stakes in aviation sector companies such as Interglobe Aviation amidst its crisis.
• SBI MF bought Meesho and ICICI Prudential AMC IPOs, and Interglobe Aviation, while exiting Bank of Baroda and reducing stakes in HDFC Bank and Reliance Industries.
• ICICI Prudential MF acquired Interglobe Aviation, ITC, and Swiggy, but reduced holdings in Infosys and TCS, and exited Indus Towers.
• HDFC MF also increased its stake in Interglobe Aviation, bought Eternal and ICICI Prudential AMC, and exited Bharat Dynamics and OLA Electric.
• Kotak MF added HDFC Bank, Bank of Maharashtra, and Bank of Baroda, while reducing Hindalco Industries and exiting Bajaj Auto.
• Axis MF bought Shriram Finance, Reliance Industries, and Tata Motors, but reduced Bajaj Finance and IndiGo, and exited Asian Paints.

Why It Matters: Top MFs strategically invested in IPOs and aviation, while rebalancing portfolios with significant buys and sells.