From FIIs to DIIs: The New Investment Wave in India | Abhishek Basumallick

In this conversation with Abhishek Basumallick, Co-founder & Fund Manager at Shree Rama Managers, we explore the shifting dynamics of Indian equity markets. Over the past three months, Foreign Institutional Investors (FIIs) have largely stayed away or pulled funds out, while Domestic Institutional Investors (DIIs) have continued to pour record amounts into the market. With equity mutual fund inflows crossing ₹40,000 crore for the first time and SIPs hitting all-time highs, Indian retail investors are reshaping the market landscape. Abhishek draws parallels with the US’s 401(k) revolution, highlighting how technology, early-age investing, and limited alternatives to equities are driving a permanent behavioural shift in India’s investment philosophy.