New Delhi, April 10 -- PPFAS Mutual Fund turned March's market turbulence to its advantage as it found various opportunities to deploy cash, according to chief investment officer Rajeev Thakkar. Speaking as part of the Mint Money Guru series, Thakkar explained why war and ceasefire headlines are largely irrelevant to long-term investing, and how he is thinking about equities in the current environment.

We tell investors that if they want to invest for one year or less, they should put their money in liquid funds, arbitrage funds, or money market funds, all suitable for short-term investments. For people with money for three to four years, we suggest hybrid funds that combine equity and debt. We ask them to invest only in pure equity fund...