India on investors' map; see great opportunities: Axis Cap

Fresh fears of a QE taper and dollar buying by FIIs have spurred fears of a selloff in emerging markets. CNBC-TV18's Latha Venkatesh caught up with the senior management of Axis Capital on the sidelines of the Axis Capital Investors conference. They remain bullish on Indian markets and believe India is still on investors' radars. here's a slice of that conversation.

Manish Chokhani, MD & CEO, Axis Capital says: "You have seen Hindustan Unilever (HUL) putting in Rs 20,000 crore, you have seen Vodafone after all the tax troubles they had coming and saying they want to go up to 100 percent in India, you have seen today Indira Nooyi saying we will put in USD 5 billion into India. So, the gloom we kind of self-flagellate ourselves with is a bit overdone."

Dharmesh Mehta, MD - Institutional Equities, Axis Capital says: "It is not like one generic FII class of investors, which invest in the market. There are long-term investors who take a five year view for them these kind of sell-offs are big opportunities wherein they can buy into these kind of dips because long term once these elections are over and global fears go down this will become the most investable destination. Hopefully, if we get a good government and policies are back in action, for them this is like opportunity of lifetime for them to invest in.

While some of the other players might take some short-term correction as profits and start booking it now or try to come during that time and time the market. However, it is very tough to say especially when these events are unpredictable."