If you just go over the last six months, one year, two years, three, five, it is very consistent that India and the US, these are the only two parts of the world which actually have growth and you have momentum in the markets.
I keep neutral to positive bias on the market and a lot of sectors are doing well. So, although index may be illusionary or it
US equity funds are undergoing reversion to the mean. Europe and Japan equity funds are attracting more inflows while the interest in emerging markets persists.
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