Why are DIIs and FIIs buying in India? Saurabh Mukherjea on what changed in market in one month

FIIs are returning to the Indian market due to the strength of the dollar and the weakness of the rupee. Saurabh Mukherjea, founder of Marcellus Investment Managers, says that in the past six weeks, his portfolio has increased by 8-9% due to FIIs’ return. Mukherjea believes that Asian Paints, Pidilite, and Bajaj Finance have such significant competitive advantages that it is challenging for any rivals to enter these markets.