Return from well-managed portfolios may be 15-20%, at best: P Kacholia

The domestic market being in a cyclical bull run, the more prudent thing would be to buy on dips, said MD Kacholia

Indian equities — in line with their global peers — are finding it hard to stay at higher levels amid the ongoing geopolitical turmoil. PRAKASH KACHOLIA, managing director, Emkay Global Financial Services, tells Puneet Wadhwa in an interview that the domestic market is in a cyclical bull run and the more prudent thing for investors will be to buy on dips. Edited excerpts:

Have the markets now fully discounted the possibility of higher commodity prices amid a prolonged war?

The current situation in Eastern Europe remains fluid. Sanctions imposed on Russia have already started biting, and these are not going to go