The fund's month-end assets under management (AUM) increased from Rs 17,715 crore in January 2021 to Rs 30,980 crore in January 2024. Rahul Baijal has been managing this fund since July 2022
The industry growth in FY23 was much lower than that of FY22, when the AUM grew over 20 per cent on the back of a strong market rally and record fresh investments
"There is no significant benefit to invest in longer-duration assets at this point of time as RBI is expected to remain in a long pause and is not expected to cut rates," CIO Manish Banthia said