The water extracts and extracted phenols from gametophytes and different parts of sporophytes of the two ferns, Adiantum capillus-veneris L. and Adiantum lunulatum Burm. f., used as folkloric medicines in India, China, Tibet, America, Philippines and Italy, were investigated for their antifungal activity against Aspergillus niger and Rhizopus stolonifer. Both crude extracts and extracted phenols of gametophytes and different parts of sporophytes of both fern species were found to be bioactive against the fungal strains. Antifungal activity was found to be higher in gametophytes than different parts of sporophytes. Among the different parts of sporophyte, immature pinnule possesses highest fungistatic property. Adiantum capillus-veneris was found a better antifungal agent than Adiantum lunulatum