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Wednesday, December 03, 2025 | 08:16 AM ISTहिंदी में पढें
DIIs overtake FPIs as dominant investors in Indian markets in March quarter
Value of DII holdings reaches Rs 71.76 trn, 2 per cent higher than their foreign counterparts
 "DIIs, FPIs, NSE-listed firms, March 2025 shareholding, Prime Database, mutual funds ownership, insurance companies investment, foreign investors, domestic equity market, Indian stock market")
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The growing influence of DIIs, alongside retail and high-net-worth individuals (HNIs), who collectively hold 27.1 per cent of the market as of March 2025, has reduced the market’s dependence on foreign capital | Illustration: Binay Sinha
In a significant shift, domestic institutional investors (DIIs), primarily mutual funds and insurance companies, have surpassed foreign portfolio investors (FPIs) as dominant shareholders in India’s equity market. According to Prime Database, DIIs held a 17.62 per cent stake in companies listed on the National Stock Exchange (NSE), edging out FPIs at 17.22 per cent, as of March 2025. This is the first time DIIs have overtaken FPIs since tracking began in 2009, with the value of DII holdings reaching ₹71.76 trillion, 2 per cent higher than that of FPIs.
A decade ago, FPIs dominated with lead of over 10 percentage
