The Indian stock markets continue to face pressure as Sensex and Nifty recorded their fifth consecutive monthly decline in February—marking the longest losing streak since 1996. Global economic uncertainties, FII outflows, and subdued Q3 earnings have triggered broad-based selling on Dalal Street. In February, with net equity inflows falling to ₹29,241.78 crore from ₹39,669.6 crore in January—a 26.29% MoM drop, according to AMFI data. Large-cap fund inflows dipped to ₹2,866 crore (from ₹3,063.3 crore), small-cap funds saw ₹3,722.5 crore in inflows (lower than ₹5,721 crore), while midcap funds recorded ₹3,407 crore (down from ₹5,148 crore). Hybrid funds also fell to ₹6,804 crore, compared to ₹8,767.5 crore in January.Join Navneet Munot, MD & CEO, HDFC AMC & Chairman, AMFI, as he decodes market trends, investment strategies, and the outlook for mutual funds in this edition of Market Masters.