Indian mutual funds saw a ₹2,900 Cr dip in overseas holdings, influenced by volatility in US mega cap stocks. PPFAS suffered a ₹957.51 Cr loss (down 8%), while SBI and ICICI Prudential were also hit. This decline is compounded by the shift in investor sentiment from equities to gold, triggered by rising US tariffs and global uncertainty. Equity MF inflows fell from record highs in August 2025 as investors sought safer options.",