Speaking to CNBC-TV18, Farhan Mumtaz, Hedge Fund Analyst at Eurekahedge, said that the Indian market has been underperforming other emerging markets and most managers who are investing specifically within India have reduced their exposures. And it is possible that they will remain very cautious about the Indian market at least for the short term.
A Merrill Lynch survey shows that while fund managers are increasing their allocation to the emerging markets, India is one of their least favoured markets.