We do not have much of ownership of companies where I think the prospects will change because of the change in the environment. So bulk of it is in the longer term earnings or value creation and that story has got much better. Now IT companies are good, well-run companies but the environment is changing. These categories can see structural improvement in their growth and their growth is not going to go to all the players. So for making such decisions, what I would look at is what is the implied equity risk premium.

Source: Economic Times December 03, 2016 07:10 UTC