Anoop Bhaskar

Gunwani, who left Nippon India MF in November last year, will replace Anoop Bhaskar, who is moving out of IDFC MF

We have raised cash levels across several of our funds, both for funding redemption pressure as well as pouncing on emerging opportunities, Bhaskar said

The positive commentary on the Union Budget should spur additional foreign flows, notwithstanding higher valuations, says Bhaskar

In the next few weeks, analysts will eye the outcome of the Reserve Bank of India (RBI)'s monetary policy review, the possibility of a rate increase by the US Federal Reserve and chances of Britain exiting the European Union. Anoop Bhaskar, head of equities and fund management at IDFC Asset Management, tells Puneet Wadhwa that although interest rate cuts by RBI might be close to the bottom, the banking regulator's official stance to improve liquidity should help banks lower their rate on loans. Edited excerpts:What is the road ahead for the markets in the remaining half of calendar year 2016? What are the key risks and the factors that can trigger an upside from here on?The market movement will be largely driven by earnings growth. Historically, there have been three instances of markets trading at similar valuations and in each of these three periods, three-year forward Nifty returns have reflected a close correlation to earnings growth. Hence, the key risk to the market is a delay in