Ashwini Agarwal sitting with more cash in hand now, looking for bottom-up picks

economictimes.indiatimes.com:

Ashwini Agarwal, Founder, Demeter Advisors, says one way to manage risk for any investor is to run equity exposure in a band. If one is feeling very bullish, one should be at the upper end of the equity exposure band and if one is very bearish, one should be at the lower end of the equity exposure band. One should not be zero equities, even if very bearish because one could be wrong. Agarwal himself is operating in a band that is closer to the lower end of his equity exposure and is on the upper end of his cash exposure at this point.

Usually, the RBI governor is very watchful, ever-careful, and very calculated about the messaging. But yesterday he was very clear that the priority is to contain inflation and prescribed markers so that the durability of growth can be ensured. He also went after grey areas of credit like top-up loans. How do the lenders look? They have been underperforming for a long time.
Ashwini Agarwal: I think RBI has done a stellar job of communicating its policy stance and its objectives. If you think about what the Street was expecting ahead of the policy announcement and what was finally delivered, there is absolutely zero difference. Nobody expected any rate cuts, nobody expected any signalling. The RBI governor has been very clear that it is inflation that he wishes to target and till the inflation is firmly out of the way, there is no question of interest rates being rolled back or liquidity becoming a little more accommodative.

In his previous policy, he spoke about the elephant heading