The National Stock Exchange (NSE) reported that new investor registrations fell 18.3% month-on-month in August, with only 12.3 lakh additions-the third-lowest in FY25. Despite the slowdown, the overall investor base grew to 11.9 crore, nearing the 12-crore milestone. Tariff shocks, foreign capital outflows, and global uncertainties are weighing on investor sentiment.