Not taking any bold decisions other than tactical allocation: JM Financial

SATISH RAMANATHAN, chief investment officer for equity at JM Financial Asset Management says the investment firm has increased cash levels marginally across portfolios to ride out the volatility.

Markets staged a sharp rally last week after the US Federal Reserve (US Fed) hiked rates as expected. SATISH RAMANATHAN, chief investment officer for equity at JM Financial Asset Management, tells Puneet Wadhwa in an interview that they have increased cash levels marginally across portfolios to ride out the volatility. Edited excerpts:

Are the markets fully discounting the worst as regards the geopolitical conflict and its impact on key commodities?

Markets have somewhat stabilized after the Ukraine conflict, but its ramifications are being felt across several sectors such as energy and fertilizers with a delay. So, the impact will take