Economy Foreign inflows into Indian equities have declined sharply in last 5 years. Here's why Updated : August 28, 2019 12:47 PM IST Other emerging markets (EMs) too experienced a drop in foreign flows into equity markets. MFs replacing FIIs as the dominant players in Indian equity markets. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.