New Delhi, July 16 -- Indian mutual funds continued their buying streak in June 2025, deploying a net Rs.154 billion into equity markets (both primary and secondary), as per data from Nuvama Alternative & Quantitative Research. The allocation was accompanied by foreign institutional investors (FIIs) who pumped in Rs.167 billion, marking strong capital flows into Indian equities.

Mutual fund holdings in cash and equivalents dropped to Rs.1,807 billion or 5.34% of assets under management (AUM), down from Rs.1,961 billion (6.05%) in May - reflecting increased conviction in equity markets despite global volatility.

Within pure equity mutual fund schemes, the large-cap space saw selective churn. Top largecap stocks that mutual funds bought i...