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Retail and HNIs pivot from direct stocks to mutual funds as SIP surges and FII fades
Business
Published on 5 May 2026
Direct stock ownership hits five year lows as SIP takes over
Retail investors and HNIs in India are increasingly moving away from direct stock bets toward mutual funds, with direct ownership sliding to a five year low while mutual fund holdings hit records. The shift is being powered by strong SIP inflows and weaker FII participation, leaving domestic institutions more central to market stability—suggesting a durable change in how people invest.
- Direct stock ownership in India has fallen to a five year low
- Mutual fund holdings have reached record highs
- SIP inflows are a major driver of the shift
- Declining FII participation boosts domestic institutions’ market role
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times