DIIs Cross ₹7 Lakh Crore Buying in 2025, Add ₹6,248 Crore More on 26 November; FIIs Also Turn Net Buyers
- 27th November 2025
- 3 min read
Summary
According to provisional exchange data, domestic institutional investors have been the dominant force in 2025, with mutual funds, insurers, banks and other DIIs together investing about ₹7.01 lakh crore in Indian equities, well above the ₹5.25 lakh crore they deployed in 2024. Over the same period, FIIs have sold nearly ₹2.53 lakh crore, while DIIs have absorbed much of this supply with ₹6.98 lakh crore in net buying, underscoring the growing reliance on domestic flows to support the market.Mumbai | November 27
Domestic institutional investors (DIIs) have continued to dominate equity flows this year, pushing their total net buying in 2025 past ₹7 lakh crore, according to provisional exchange data. With one month still to go, DIIs have already recorded their strongest year of net inflows on record, giving Indian equities a strong domestic backbone at a time when global sentiment has been uneven.
Record Domestic Inflows Offset Multi-Year FII Selling
Mutual funds, insurers, banks and other domestic institutions have collectively purchased about ₹7.01 lakh crore worth of equities so far in 2025, comfortably surpassing their previous high of ₹5.25 lakh crore in 2024.
In contrast, foreign institutional investors (FIIs) have extended their selling trend. They have withdrawn more than ₹2.1 lakh crore from Indian equities this year after pulling out ₹1.21 lakh crore in 2024, based on NSDL data.
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Despite this, the market has remained supported by the scale and consistency of domestic buying. DIIs have shown a steadier approach than FIIs, reacting less sharply to swings in global interest-rate expectations, geopolitical developments or currency moves. Their presence has helped cushion volatility and limit downside pressure, especially in large-cap benchmarks.
However, the benefits have not been evenly spread. Within the BSE 500 index, 265 companies have delivered negative returns over the past year, with gains concentrated in larger, more liquid names. The MidCap index has risen only modestly, while the SmallCap index is still down for the year, underscoring that breadth has lagged headline flows.
It is in this context that Vikram Kasat, Head of Advisory at PL Capital, highlighted the role of domestic flows. “The market has seen broad-based accumulation from domestic institutions at a time when foreign selling has continued. This steady participation has helped absorb volatility and kept sentiment firm even during global risk-off phases,” he said. He added that the skew in performance towards larger companies shows that caution remains in the broader market despite headline indices appearing strong.
Flows on 26 November: DIIs Lead, FIIs Also Turn Buyers
On 26 November, both domestic and foreign investors were net buyers, although DIIs once again took the lead. DIIs added around ₹6,248 crore to equities, while FIIs also turned net buyers with inflows of roughly ₹4,778 crore, according to provisional NSE data.
For the year to date, FIIs remain net sellers of about ₹2.53 lakh crore, whereas DIIs have accumulated close to ₹6.98 lakh crore. The contrast underlines how domestic money has become the primary driver of India’s equity market, increasingly offsetting foreign flows and shaping the market’s direction.
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