We are quite happy with the volatility. If you ask me, we always look at volatility as an opportunity. In fact we have got set of funds which only work on the benefit of volatility.

In India, historically if you see, whenever FIIs have sold for some technical reasons or problems in the West, when they have to sell India that is the best time to buy India. That is what we have always felt and it is proved historically that whenever FIIs sold if one buys there is a good chance of making money.

So, this technical correction was very good. It will remind investors also that there is risk in the market. They need to be careful when they are investing. They did need to get their asset allocation right. As a fund house we have always had this view that 2015 we expect lots of volatility to come because of international factors.

If volatility is because of international factors, invest throughout 2015 to make money in 2018. That has been our stand even four months back and that is what we have been saying even today. So, this correction to 27,000 looks very healthy to me.

We have been or are going overweight in technology. We are overweight on private banks. So, those are the sectors that we like. Technology we have given a big call to our investors that invest in technology. Technology has corrected around 10 percent in the last one month and so with a stronger dollar and western world also doing well, technology companies are set to gain. We believe this correction in technology companies since last one week is good. We have always been bullish on private banks. The nature of our funds are such that since we take cash position, whenever the price to book ratio of the market goes down, we go out and buy. Some of our funds are structured that way. So, technology and banking are the sectors that we are overweight on.- said Nimesh Shah, MD& CEO,ICICI Prudential