Wondering if you should invest in stocks now? Market expert Nilesh Shah has an advice for you

"It would require extreme courage to buy into this market from a valuation point of view," said Nilesh Shah, managing director of Kotak Mahindra AMC. However, Shah advised that investors with risk-appetite should start buying into this market.

"Small and midcaps is a place that one should invest in but buying should be staggered manner anywhere between 6-18 months and not on lump-sum basis," he said in an interview with CNBC-TV18.

"Today when FPIs, retail and HNIs are sellers in the market, the domestic institutional investors led by mutual funds are buying on a selective basis," said Shah. “Our buying is entirely driven by SIP flows."