MUMBAI, May 20 -- Executives at Nippon Life India Asset Management and Deutsche Bank's asset manager DWS said global investors continue to view India as a key long-term market despite continued foreign portfolio outflows from equities.

Global investors may be in a temporary "wait-and-watch" mood, said Sundeep Sikka, managing director and CEO of Nippon Life India Asset Management Ltd. But India is clearly not a market they can afford to overlook, said Stefan Hoops, member of the management board at Deutsche Bank AG and chief executive of DWS.

DWS in November agreed to acquire a 40% stake in Nippon Life India AIF Management, the alternatives business of Nippon Life India Asset Management Ltd.

Hoops told Mint that market sentiment will al...