Foreign portfolio investors are not turning bearish on India, they are simply turning cautious as geopolitical tensions and volatile crude prices cloud near-term visibility, said Nitin Jain, chief executive and director, Kotak Mahindra Asset Management Singapore. Jain said global investors are struggling to price risk amid the West Asia conflict. “India has been caught on the wrong side from an energy price perspective… while it is not our war, we are caught into it.”