Zerodha co-founder and chief executive officer (CEO) Nithin Kamath shared a stark warning for the Indian stock market amid the current bloodbath that ‘if markets fall sharply, D-Street investors might stay out of the market for years—just like they did after the 2008 global financial crisis.’ According to data shared by Kamath in a post on ‘X’ (formerly Twitter), India’s net flows into equity-oriented mutual fund (MF) schemes dipped sharply between 2008 and 2014.

However, Kamath also highlighted that India’s retail investors have consistently been net buyers of equities in the last five years, starting from the COVID-led market participation.