Do not see significant downside risk to market: Vijai Mantri

In a chat with ET Now, Vijai Mantri, MD & CEO, Pramerica MF, shares his views on market outlook.

ET Now: Characterise the market environment for us, three things which investors they need to know in this current environment?

Vijai Mantri: Most of the people are banking on the election result in May 2014. As far as global flow of information is concerned, it is always a cross current but if you look at incremental news flow most of them would be positive as far as the global economy is concerned.

The way market is positioned today, from fundamental perspective, it is quoting at the reasonable valuation neither under valued nor over valuation zone.

The market is going to track the corporate earning and we see the corporate numbers are coming little better than what markets or people are expecting.

So from these level we do not see significant downside risk to the market, at the same time we do not see significant upside from these level because most of the positive as far as India is concerned is already factored in and that is the reason that most of the international money actually flowed in the Indian markets. So this is my take on the market.