As mutual funds are sitting with Rs 1 lakh crore of cash, whenever there is a 4-5% drop from the peak, there is a spate of buying. So equities as an asset class are not seeing sharp drawdowns and in the short term make it safer to invest in and attract more funds. That is the cycle we are in, says Neelkanth Mishra.
Buy the dips in quality names with earnings visibility: Hemang Jani
The broader market had its own sort of corrective phase, but I do think that given the fact that this event has happened and though