Avinash Satwalekar on market volatility
From Sapphire Equity Long-Short SIF | In Conversation with Avi Satwalekar and Juzer Tambawalla · · Franklin Templeton India
“Historically, we've only had long as an ability to generate alpha. I think in the last five years, even just from in the last two years the geopolitical scenario around the world has changed dramatically which has led to extremely high volatility and that I think is one of the reasons why I think is trying to have both sides of the trade makes sense.”
On , Avinash Satwalekar, President of India at Franklin Resources Inc, spoke about market volatility during Sapphire Equity Long-Short SIF | In Conversation with Avi Satwalekar and Juzer Tambawalla on Franklin Templeton India.
About Avinash Satwalekar
Avinash Satwalekar, President of Franklin Templeton India, has been discussing market volatility, investment products, and India's economic outlook in recent appearances. In an April 2026 conversation about the Sapphire Equity Long-Short SIF, Satwalekar said that the current volatility is "not unusual" and that markets go through phases every three to five years, though they appear to be happening more quickly. He described Specialized Investment Funds (SIFs) as filling a gap between mutual funds and Portfolio Management Services, noting that they allow for derivative use beyond hedging, including "0-25% naked shorts," and require a minimum investment of 10 lakh rupees. Satwalekar stated that investors are increasingly focused on using volatility as an opportunity rather than being victims of it. Speaking at EVOKE 2026 in March, Satwalekar addressed India's global position, saying that while foreign investors have pulled out money, they have also invested significantly, and that much of the outflow is due to private equity funds exiting after taking companies public. He said India's oil dependency has decreased by about 27%, and that oil is expected to stabilize around $90 per barrel on average for the year. In a separate March interview with Moneycontrol, Satwalekar advised investors to "stay calm" during volatile markets, focus on long-term goals, and continue systematic investment plans (SIPs), which he said were designed for such conditions. He also expressed confidence in the financial sector, stating that a strong financial system is core to any economy and that nothing has changed regarding the long-term growth outlook for Indian banks.