Individual investors withdrew more than ₹15,000 crore from domestic equities in March — their biggest monthly outflow since 2016, when data first became available.
March, the final month of the financial year, is typically a weak period for retail inflows. However, a market decline to nine-month lows at the start of the month pushed more individuals towards “tax-loss harvesting”.
Barring 2020, 2021, and 2022, retail investors have consistently been net sellers in March since 2016.
Tax-loss harvesting is a strategy where investors sell loss-making investments to offset taxable gains from other investments, thereby reducing their overall tax liability. This approach

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