Helios Capital on Monday said that going forward, it would prefer to reduce exposure in the market ahead of Lok Sabha elections outcome as the money that has come to India in the last 30-45 days is fast money trying to preempt the election outcome.

"I am a little nervous about it. This looks like money which comes in to different markets basically to play specific events and it may go from one market to the other quite fast. Right now, it doesn’t look like the money is here for good,” said Samir Arora, founder and fund manager, Helios Capital.

"If BJP wins we could see a reasonable correction of 5-7 percent. However, as of now, we are going along with the flow," Arora said.

According to him, the three long-term themes in the market are financials, consumer and tech companies. Around 85-90 percent of the growth in the market will be driven by these three spaces, he added.

On Indiabulls Housing-Lakshmi Vilas Bank deal, Arora said if it goes through properly then it would be good but it is a new thing.

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