New Delhi, May 9 -- Foreign Institutional Investor (FII) ownership as a percentage of total Indian equities has fallen from 19.9 per cent in April 2016 to 14.7 per cent in April 2026, marking its lowest level since June 2012, according to JM Financial's Fundamental Research report.

However, as per the report, domestic Institutional Investor (DII) ownership has concurrently risen over the years, reaching 18.9 per cent. This shift highlighted a significant transformation in the market's holding structure as domestic mutual funds reached a record-high share of domestic equity holdings, a trend fuelled by consistent Systematic Investment Plan (SIP) inflows.

In what the report characterised as a near-perfect counter-absorption, DIIs increase...