Lump sum gross inflows into the equity segment, excluding new fund offers (NFOs), stood at ₹17,900 in October, the lowest since November 2020, according to the latest report by Motilal Oswal Financial Services Ltd.
The slowdown has been on account of large high net worth individuals (HNIs) waiting for a better entry point as the equity market is close to a new high, weakness in flows from lower-end customers in rural areas, and reduced NFO activity by large fund houses in the equity segment, the report said.
