This paper explores the evolving landscape of risk management in India's investment sector, focusing on emerging strategies, technologies, and frameworks used to mitigate financial uncertainties. With rapid digitization, increased regulatory scrutiny, and rising ESG (Environmental, Social, Governance) awareness, the traditional approaches to risk management are undergoing a significant transformation. Drawing from secondary sources, surveys, and institutional practices, the review identifies the primary tools, techniques, and challenges shaping modern investment risk practices. The paper also outlines research gaps and suggests future directions for more robust and adaptive risk frameworks. Key findings highlight the importance of integrating AI, real-time analytics, and sustainable governance models for investor confidence and market stability. By identifying strengths and shortcomings in current practices, the paper aims to provide a comprehensive perspective on the sector's readiness to manage risk proactively rather than reactively. Also, it highlights research gaps related to the uneven adoption of risk technologies and the limited empirical analysis of behavioral risk dynamics. The findings suggest that India's financial ecosystem is transitioning toward a more adaptive, resilient, and transparent model of risk governance, yet requires greater institutional collaboration and innovation to withstand future disruptions.