
Mutual fund bulls vs FII bears: The Rs 38,000 crore battle for 5 popular bank stocks
TIL Creatives MFs deploy Rs 38,000 crore into banking giants as FIIs offload Rs 60,000 crore in selloff clash. Domestic mutual funds unleashed a Rs 38,000 crore buying spree across five banking giants in March, mounting an aggressive counter-offensive as foreign institutional investors dumped a staggering Rs 60,655 crore worth of financial stocks during the worst of the Iran war selloff. The multi-billion dollar battle saw mutual funds pile into HDFC Bank (Rs 17,250 crore), ICICI Bank (Rs 7,320 crore), State Bank of India (Rs 5,450 crore), Kotak Mahindra Bank (Rs 4,089 crore), and Axis Bank (Rs 3,892 crore), according to Prime Database estimates for March 2026.






















