According to Bloomberg, Reliance Industries has reported a slowdown in sales growth within its retail business, marking the lowest growth in several quarters. This development comes as domestic institutions exhibit caution ahead of the upcoming budget, reflecting broader market apprehensions.

In addition to the retail sector's performance, the global IT sector has experienced significant disruptions, highlighting investor vulnerabilities. Analysts have noted that these factors are contributing to a more cautious investment environment.

Meanwhile, mutual funds in India have seen a substantial increase in assets since the onset of the Covid-19 pandemic in early 2020. ICRA Analytics reports that the total assets of mutual funds are expected to exceed 100 trillion rupees within the next 2-3 years. This growth is attributed to the resilience of the local market and improved growth prospects, which have bolstered investor confidence. Currently, only about 5% of Indian household savings are directed towards financial products, indicating significant potential for further growth in the sector.