Interacted with 50+ investors in recent US roadshow
Interest in India at an elevated level
EM funds have a 10-year low relative weight in India
Believe that the FPI flows into India would improve in H2CY24 as clarity on Govt policies emerge post budget
Willingness to explore new ideas - real estate, infra, cap goods, PSUs, discretionary consumption plays
Continued delays in FPI registration is also forcing investors to consider ADR which augurs well for HDFC and ICICI
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