Discover the top 10 investors who shaped India’s stock markets in May 2025, including major DIIs and FIIs driving billion-dollar trades.
Top 10 Investors Fueling Indian Stock Markets – May 2025
Mumbai, India — May 2025:
India’s equity markets saw strong institutional activity in May 2025 under the leadership of a mix of domestic and foreign giants. From high-frequency domestic institutional investors (DIIs) to global funds making billion-rupee entries, the month’s trades indicate strong faith in India’s economic resistance and growth potential.
Here’s a full overview of the top 10 investors—who are ranked on the basis of total deal value—that significantly contributed to changing the market dynamics in May 2025.
1. Graviton Research Capital LLP (DII)
- Total Deal Value: ₹48,878.25 crore
- Quantity Traded: 8.08 crore shares
- Trade Count: 54
Topping the charts is Graviton Research Capital LLP, a key DII known for quantitative investing. With over ₹48,800 crore in deal value across more than 50 trades, Graviton reaffirmed its aggressive stance in Indian equities, likely focusing on high-liquidity and high-volatility counters.
2. Quality Investment Holdings PCC (DII)
- Total Deal Value: ₹36,939.15 crore
- Quantity Traded: 3.69 crore shares
- Trade Count: 10
Another domestic heavy-hitter, Quality Investment Holdings PCC, secured the second spot with nearly ₹37,000 crore in transactions. The firm’s relatively lower trade count hints at large block deals or strategic bulk acquisitions.
3. General Atlantic Singapore Fund Pte Ltd (DII)
- Total Deal Value: ₹17,904.08 crore
- Quantity Traded: 1.72 crore shares
- Trade Count: 2
General Atlantic Singapore, a global growth equity investor, made its mark with just two trades, indicating strategic long-term bets, potentially in sectors like technology, healthcare, or financial services.
4. HRTI Private Limited (DII)
More Read
- Total Deal Value: ₹16,682.31 crore
- Quantity Traded: 6.68 crore shares
- Trade Count: 32
A consistent player, HRTI Private Limited maintained a strong pace throughout the month. With over 30 trades, HRTI likely employed a diversified, sector-agnostic strategy.
5. Aakraya Research LLP (DII)
- Total Deal Value: ₹16,422.60 crore
- Quantity Traded: 2.57 crore shares
- Trade Count: 24
Aakraya Research LLP is emerging as a serious market mover. Its May 2025 activity shows a focus on high-growth stocks, with nearly 25 strategic entries signaling deeper institutional interest.
6 & 7. ANTFIN Netherlands Holding BV & ANTFIN (Netherlands) Holding B.V. (DII)
- Total Deal Value (Combined): ₹21,037.93 crore
- Total Quantity: 2.55 crore shares
- Trade Count: 2
Both ANTFIN entities executed massive one-off trades—likely strategic exits or re-balancing moves. As backers of several high-profile Indian fintechs, these deals could reflect a shift in ownership or monetization phases.
8. Oxbow Master Fund Limited (FII)
- Total Deal Value: ₹5,035.23 crore
- Quantity Traded: 17.83 lakh shares
- Trade Count: 2
The first foreign institutional investor (FII) on the list, Oxbow Master Fund Limited, made high-value plays with minimal volume—potentially targeting niche sectors or high-priced stocks with global potential.
9. BOFA Securities Europe SA (FII)
- Total Deal Value: ₹5,023.32 crore
- Quantity Traded: 17.79 lakh shares
- Trade Count: 2
Following close behind is BOFA Securities, a regular on large FII lists. Their activity signals continued overseas interest in Indian equities, particularly ahead of anticipated fiscal reforms.
10. Sundaram Finance Holdings Limited (DII)
- Total Deal Value: ₹5,011.99 crore
- Quantity Traded: 5.56 lakh shares
- Trade Count: 1
Finishing the list is Sundaram Finance Holdings, with a single massive transaction. Known for its conservative yet high-impact investments, the firm may have increased its stake in a blue-chip stock.
Key Insights
- DIIs Dominate: 8 of the top 10 investors are domestic, indicating strong local conviction in Indian markets.
- FIIs Strategic: Foreign funds continue to participate selectively, focusing on high-value deals rather than broad-based exposure.
- Consolidation Signals: With several investors making fewer but larger trades, consolidation and focused strategies seem to be the theme of May 2025.
Summary Table
| Rank | Investor Name | Type | Deal Value (₹ Cr) | Quantity Traded | Trade Count |
| 1 | Graviton Research Capital LLP | DII | 48,878.25 | 8.08 Cr | 54 |
| 2 | Quality Investment Holdings PCC | DII | 36,939.15 | 3.69 Cr | 10 |
| 3 | General Atlantic Singapore Fund Pte Ltd | DII | 17,904.08 | 1.72 Cr | 2 |
| 4 | HRTI Private Limited | DII | 16,682.31 | 6.68 Cr | 32 |
| 5 | Aakraya Research LLP | DII | 16,422.60 | 2.57 Cr | 24 |
| 6 | ANTFIN Netherlands Holding BV | DII | 10,536.17 | 1.28 Cr | 1 |
| 7 | ANTFIN (Netherlands) Holding B.V. | DII | 10,501.23 | 1.28 Cr | 1 |
| 8 | Oxbow Master Fund Limited | FII | 5,035.23 | 17.83 Lakh | 2 |
| 9 | BOFA Securities Europe SA | FII | 5,023.32 | 17.79 Lakh | 2 |
| 10 | Sundaram Finance Holdings Limited | DII | 5,011.99 | 5.56 Lakh | 1 |
Final Thoughts
As we move deeper into FY26, institutional investors—both domestic and international—continue to place strong bets on Indian equity markets. The trend showcases confidence in India’s macroeconomic story, and May’s top trades further solidify the market’s strength.
Stay tuned for our next monthly recap of market movers and institutional insights.
