start upwardsyou might also likewhy abhimanyu sofat is betting on largecap rather than midcap it what do you expect in terms of the overall liquidity situation because as of now we have seen a massive fii exit are there brighter opportunities within the emerging markets pack for the foreign investors or will we see india get back on track what could lead to thatfrom a market perspective you have seen a large outflow from fiis and it is both indias growth as well as certain budget announcements that may have caused this but if you look at the broader market it is still the top six or seven stocks that have been moving the market for the last two quarters as you see slowdown at a larger level you see people have significant ownership india from a medium term perspective looks extremely attractive we still have 7 growth versus what you are seeing in the world in certain areas zero or even negative growth or negative interest rates so from a medium term perspective india is still fine but we need investment to kick start the economy we need more job creation and that will hopefully come from the investment we need to build up massive infrastructure a lot is being said and discussed but there is a lead and a lag effect and i am hoping that this busy season we will hopefully try and see some of that slowly come back into the marketwhat are some of the other areas where you anticipate reduced exposure going forward also where would you be scaling up positions next yearin the consumer space home continues to be stable cars demand has come down but they are still a stable segment from an exposure perspective you might also likesignificant rate cut would do a lot of good to the country says nirmala sitharamanthe only area that is showing some early caution is really the whole unsecured personal loans and even to some extent credit cards where it is not a runaway situation but you are beginning to see a certain amount of caution the consumer from a segment perspective will continue to be a focus area for us and across banks but we would look at what you call the secured the home the individual versus what you call some of the unsecured lending as you see the situation pan out for example by the busy season if you see things stablising then there is still underlying consumption demand it has not completely collapsed but rather slowed downeveryone has been waiting to see when the transmission of rate cuts starts to have a visible impact also deeper cuts are expected going forward how do you think monetary policy is going to be and what will be the impacta 25 bps rate cut in the monetary policy is almost a foregone conclusion and that is certainly my expectation the interest rates in the last three to four quarters have certainly trended down take