| What is the fund's philosophy when it comes to performance over stability? |
| The fund has different strategies for achieving its objectives. Our aggressiveness in trading in gilts and equities enhances our performance. |
| Our preference for high credit quality and conservative maturity profile as well as blue chip equity investments helps us maintain stability. |
| The fund has performed well in the last two quarters of 2003. What are the reasons for the good show? |
| Our equity picks helped us perform well. The timing of the investments was also very good. Among the scrips which helped us outshine were Indraprastha Gas, State bank Of India and L&T. We had low exposure to corporate bonds at that time which helped us override the volatility due to Sebi announcements regarding corporate bonds. |
| Besides, we pruned our equity exposure ahead of other players when the markets started falling. |
| Are you planning to look at mid- and small-caps in the near future to boost returns? |
| We have picked certain mid- and small-caps. We also have taken exposure in some of the recent IPOs like Indraprastha Gas and Power Trading Corp. But the major chunk of investments will continue to be in the large-caps. |
| What is your outlook for the stock markets? |
| The equity market seems to be consolidating at present levels. Overall outlook for FY04-05 is positive and returns can be in range of 10-20 per cent. |
| However, certain sectors can outperform while others lag behind. We see cement, metals and commodities, oil, steel and banking as the sectors in the limelight. |
Top Section
Explore Business Standard