In our view, it is still premature to be looking to jump in. We need to get a bit more clarity on the outlook for the global liquidity cycle... Indian valuations relative to the world and to other emerging markets remain at substantial premiums and we think that we probably need to see a little bit of that come off as well.

Malcolm Wood

Asia Pacific Equity Strategist, Morgan Stanley

Our philosophy is to stay invested. If one looks at the fundamentals, things are only looking better and better. Yesterday's GDP number was pretty much like a block bluster number. We think these are great times to buy. We continue to stay invested and we will continue to do so.

Puneet Nanda

Chief Investment Officer, ICICI Prudential Life Insurance

We have not seen any redemption, both on the domestic scene as well as the offshore advisory business that we run. We have seen a lot of inflows in domestic funds in the month of May. Clearly those figures of domestic funds being net buyers reflect inflows into domestic mutual funds at this point in time.

Soumendra Lahiri

Senior VP-Equities, DSP Merrill Lynch

Yesterday (Wednesday) there was a launch of another India fund in Japan, with an outflow of 35 billion Yen, which is going to be deployed in Indian equity. It is just one example of many that will continue to occur over the next couple of weeks and months. They will view this market downturn in India as an opportunity to get into better levels. The better the Japanese feel about themselves, more money will flow out to emerging markets.

David G Fernandez

Head, Emerging Asia Economic Research of JP Morgan

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