Mumbai, May 27 -- Domestic mutual funds' holding in NSE-listed companies has surpassedownership of individual investors for the first time to an all-time high, as flows into systematic investment plans remain steady amid selling in mid- and small-caps bythe direct retail category. Mutual funds' share as a percentage of the total market capitalization of the companies listed on the National Stock Exchange (NSE) stood at a record high 10.4% in the quarter endedMarch 2025. This surpassed the 9.5% share of individual investors who trade directly, as per NSE's India Ownership Tracker report. These fundsinfused Rs.1.9 lakh crore into equities in Q4 of FY25, taking total net inflows to Rs.6.1 lakh crore for the year, the highest for any fiscal to date. "In value terms, DMF (domestic mutual fund) holdings stood at Rs.42.4 lakh crore, down just 2.4% QoQ, despite a larger drop in the overall market cap, reflecting sustained net equity purchases," the report said. It added that the strong momentum was "driven in part" by continued retail participation through systematic investment plans (SIPs). Individual holding in NSE-listed companies declined by 30 basis points sequentially to a seven-quarter low of 9.5% in January-March, led by reduced share in mid- and small-capcompanies-a segment that saw aggressive buying by individuals over the past few years, according to the report. Market veterans expect the trend to continue, given individuals trading directly tend to use the mutual fund route after encountering losses....