Pension-fund category inflows into Indian equities reached approximately ₹37,409 crore in the three months ended September 2025, according to recent data. This is the highest rolling-three-month total since records began in 2016. The trend underscores strengthening structural demand in India’s equity markets, as institutional investors increasingly allocate to growth assets. Analysts note that while this supports market depth, near-term equity returns still depend on earnings momentum and global liquidity conditions. The shift may help stabilise valuations and broaden participation beyond retail segments.