Yeh koi mamuli change nahi hai, dosto. Saalon se jo mutual funds lagatar Indian stocks mein paisa daal rahe the, unhone ab net selling shuru kar di hai. Aisa pehli baar 3 saal baad hua hai. January tak toh sab theek tha, fund managers ne ₹4.93 lakh crore tak invest kar diye the, lekin ab situation badal gayi hai. Fund managers actively risk kam kar rahe hain aur badi companies (large caps) par focus kar rahe hain. SIPs mein paisa toh abhi bhi ₹31,002 Crore aa raha hai January mein, toh yeh panic selling nahi hai, balki strategic shift hai.
Kyun Ho Raha Hai Yeh Sell-off? (Why the Shift?)
Iske peeche sabse bada reason hai badhti hui geopolitical tensions aur US-India trade deal mein aaye kuch changes. US ne $500 billion ke purchase plan ko 'intention' bol diya hai, jo pehle commitment tha. Isi uncertainty ke chalte investors gold ki taraf bhaag rahe hain. Gold ETFs mein toh investment 106% badh gaya hai last month!
Safe Havens Ki Taraf Daud (Race to Safe Havens)
Equity se nikal kar paisa kahan ja raha hai? Debt funds ne toh ₹74,827 Crore attract kiye hain January mein. Hybrid funds mein bhi ₹17,356 Crore aaye hain. Corporate bond funds bhi 7-8% ka stable return de rahe hain, jo volatile equity se better lag raha hai abhi.
Market Ka Current Scene Aur FIIs Ka Pressure
Abhi Nifty 50 ka P/E ratio 22.2 chal raha hai, jo zyada stretch toh nahi, par global uncertainties ko dekhte hue thoda risky lag sakta hai. Nifty 50 index 25,471 ke aas paas trade kar raha hai February 13, 2026 ko. Aur kya? Foreign Institutional Investors (FIIs) bhi January mein ₹35,962.02 Crore ke stocks bech kar gaye hain. Rupee bhi neeche hai. Small aur mid-cap index toh large-cap se zyada gira hai. MSCI index mein bhi changes aa rahe hain (February 27, 2026 se effective), jisse passive funds ko rebalancing karna pad raha hai.
Overall, lagta hai fund managers aur investors dono hi market ko lekar thode cautious hain aur paisa bachana chahte hain. Zaroori hai ki hum bhi apna risk manage karein.