We have been a bit cautious; adding to bank and consumer stocks where we see value: Dinshaw Irani, Helios India

“We never panicked. We added to some existing positions and never cashed out. In fact, we were in cash to an extent and we started deploying the cash to that much extent. Basically, the panic was in banks and had nothing to do with the US and we saw a lot of connections in the banks in India per se. We love our private sector banks and we picked up a few names there.”