New Delhi, March 4 -- India might be cheaper now than it was four months ago, but Chris Wood, global head of equity strategy at Jefferies, is not just celebrating bargains. He is also keeping a watchful eye on potential risks, particularly redemptions. This is why he has been asking mutual funds the big question: Will domestic institutional investors (DIIs) keep buying?

"Based on my discussions with mutual fund companies last week, they don't see those signs (of redemption) yet, as I asked them directly," he told Mint.

Drawing from his latest 'Greed and Fear' report and conversations in Mumbai last week, Wood noted that there is confidence that these inflows will continue. However, he cautioned, "The real risk will arise if and when inv...