According to data published recently, Indian mutual funds have channelled 50 % of equity scheme inflows in 2025 into just 19 stocks, including names like Infosys, Axis Bank, State Bank of India and Asian Paints. With total equity‑scheme inflows of about ₹2.67 lakh crore so far this year, fund managers have become markedly selective, favouring a narrow set of high‑conviction names. Analysts caution that such concentration elevates portfolio risk, especially if any of those large holdings face earnings or regulatory setbacks.