Valuequest India Moat Fund holds 10.52L shares (2.21%) as on 31Dec16 compared to 7.89L shares (1.65%) as on 30Sep16. At 400/sh, it amounts to approx 10cr additional investment.
So as per Prof SB, the pros outweights the cons discussed in the thread here. Either that, or the fund has received good amount of new investable funds (and still the prof may be seen as bullish, else he would have not done addtl allocation here)
I probably have authority bias but I view this as good sign.