Fund pick: HDFC Short-Term Opportunities Fund gathers pace in recent times

The fund's modified duration varied in a narrow range of 1.24 to 1.61 years in three years, averaging 1.41 years

Launched in June 2010, HDFC Short Term Opportunities Fund features in the debt short funds category of CRISIL Mutual Fund Ranking. The fund has been constantly ranked in the top 30 percentile (CRISIL Fund Rank 1 or 2) in the four quarters ended December 2017. Its month-end assets under management (AUM) more than tripled from Rs 29.38 billion in January 2015 to Rs 94.90 billion in December 2017. 

Anil Bamboli, who has over 23 years' experience, has been managing the fund since its launch in June 2010. The fund's investment objective is to generate regular income through investments in debt or