As of March 31, 2026, Domestic Mutual Funds (MFs) have reached a historic share of 11.46% in companies listed on the National Stock Exchange (NSE), continuing an upward trend for the eleventh consecutive quarter. This growth comes as the share of Foreign Institutional Investors (FIIs) has declined to 16.13%, marking a 14-year low. The narrowing gap between MFs and FIIs, which decreased by 83 basis points in the last quarter, signifies a shift in market dynamics, with MFs closing in on FIIs. The gap has halved from 9.34% in December 2023. Meanwhile, the share of individual investors, including both retail and High Net Worth Individuals (HNI), fell to a 5-year low of 9.11%, with net selling of ₹13,134 crore during the quarter. Additionally, the share of private promoters decreased to 40.58%, a 9-year low, reflecting a broader trend of increasing domestic ownership in the market. Domestic Institutional Investors (DIIs) reached an all-time high share of 19.24%, supported by net investments of ₹2.51 trillion during the quarter. This shift in ownership dynamics indicates a growing trend of self-reliance in the Indian market, with MFs expected to overtake FIIs in the near future.