Capital shifting from secondary market to ₹5 trillion IPO pipeline: Madhu Lunawat
A mutual funds development with market-wide reach.
· LiveMint Markets
Founder of The Wealth Company Mutual Fund Madhu Lunawat said perceived 10-12% inflation is pushing retail funds into small- mid-caps, and that high valuations and currency depreciation are keeping FIIs cautious.
The analysis
Fund flows and NAV moves show where domestic retail conviction is actually going, month after month.
Because the driver here is macro rather than company-specific, the read-through is to index-level positioning rather than to any single name — correlations tend to rise when the whole market faces the same signal.
Why it matters
- Rate decisions ripple straight into banks, NBFCs and every rate-sensitive sector — from real estate to autos.
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- A market-wide development: it reaches beyond any single stock.
- Sectors in the story: Capital Goods & Engineering and Capital Markets.
Capital Goods & Engineering
1M -10.9% · 3M -5.3%
Capital Markets
1M -2.9% · 3M -6.3%
Sector moves are the average of the stocks we track in each sector.
In this story
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