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Only in recent past have Indians started to put money in large amount in equity.
And matching the FII's in inflow.
The reverse of this would have made tons of money for Indians.. alas that is not the case.
And purchsing at high levels "due to high and dry feeling" and calling it investment is much more loaded with risk than purchasing when mkts were down in the dumps in 2001 to 2003..!!
Long live the Indian Investors.