In March 2026, India's monthly Systematic Investment Plan (SIP) inflows reached a remarkable ₹32,000 crore (around $3.9 billion USD), as noted by Feroze Azeez, Joint CEO of Anand Rathi Wealth. This increase is significant not just for its size but also for the quality of the investors behind it. Despite geopolitical tensions and near-zero market returns over the past year and a half, retail investment has continued to flow into the market, with March showing an acceleration in inflows. Azeez highlighted a shift in investor behavior, contrasting it with previous surges that were often driven by recency bias. The current inflows reflect a more informed approach, with investors focusing on future potential rather than past performance. Notably, smallcap funds saw positive net inflows of approximately ₹6,000 crore throughout March, indicating a willingness among investors to buy at lower valuations. Additionally, domestic institutional investors (DIIs) began March with cash reserves of about ₹2.1 lakh crore (roughly $254 million USD) and ended with approximately ₹1.75–1.8 lakh crore, suggesting they have the capacity to absorb market pressures as foreign institutional investors (FIIs) sell off their positions.