"India is the 5th largest in the world by equity market capitalisation, after the US, China, Japan and Hong Kong. The rally in domestic equities is backed by strong fundamentals, which is reflected in India's growth and inflation dynamics, healthy fiscal situation, unleveraged corporate balance sheets, macro stability, political stability, and policy push towards capex and Make in India. Taking cue from these factors, we believe India provides a secular growth story to global investors which is unique amongst emerging and developed economies."