New Delhi, March 23 -- One way or the other, an extended West Asia war will impact earnings growth, said Ajay Tyagi, senior executive vice president and head of Equity at UTI Asset Management Co.

He believes, "If markets remain flat or correct further, leading to poor two-three year returns, SIP (systematic investment plan) flows may slow down".

Tyagi, who directly manages about Rs.2.5 trillion worth of assets, explained that while the structural shift of household savings into markets remains strong, it will see ebbs and flows rather than move in a straight line.

He said that SIP inflows, currently around $3 billion, will have their own cycles and are unlikely to keep rising indefinitely.

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