Indian market has breadth and depth of firms to invest in: Sukumar Rajah

Our biggest overweight by sector is financial, where our top holdings include ICICI Bank and HDFC Bank. This reflects our optimism about the outlook for investment and consumption in the economy

With the Indian equity markets trading at record highs, Sukumar Rajah, senior managing director and director of portfolio management at Franklin Templeton Emerging Markets Equity, tells Puneet Wadhwa in an email interview that the spillover impact of the US Federal Reserve’s (Fed’s) monetary policy stance on emerging markets (EMs) is more limited now when juxtaposed with prior cycles. Edited excerpts:

Should global equity markets be worried as regards global central bank action, especially the Fed, over the next few months?

The monetary policy stance of the Fed will continue to be a factor influencing markets in the short term. However, we believe