Current levels very attractive for investing: Pankaj Razdan, CEO, Pru ICICI MF

What are you doing after a 10 per cent slide?
With today's current level, it is very attractive for us. There are some schemes where we have cash and selectively at our level, where we believe the prices are right, we are continuing buying on those schemes.

Have you started seeing redemption pressures yet?
Not at all. I have also heard some rumours, but the fact is that in the last five-six days, when the market went through this carnage, we have seen net positive flows.

For most of the mutual fund fraternity, would you even gauge what sort of cash is still lying in the kitty at this point? What sort of money could be invested at these levels?
It is very difficult, but on an average, it would be close to 8-10 per cent in cash. Some of this cash would have started moving in the last two-three days.

So you have been net buyer for the last three sessions?
We have been buying on scheme-by-scheme basis, but today looks very attractive to us and there are enough number of schemes, where we have substantial cash, which can allow us to do buying of our choice.

In absolute terms, all schemes put together, how much cash would you be sitting on?
We manage about Rs9,000 - Rs10, 000 crore of equity. Except a couple of schemes, we have a substantial cash of about 8-9 per cent that is Rs600-Rs800 crore cash.

Would you be deploying that right now, using this opportunity?
Yes.