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The fund exhibited erratic outcomes for many years till 2020. Since 2021, the funds return profile has visibly picked up. It must sustain this momentum in order to improve on its earlier patchy track record.
Extending rally for the fourth consecutive session on Friday, the BSE Sensex zoomed 847.27 pts to close at 72,568.45 on the strength of IT, Technology, Oil and Gas and Energy stocks.
What to watch for in the coming months
Old Bridge Mutual Fund, India’s newest and 44th fund house, will be launched on January 10. Its chief investment officer, Kenneth Andrade, was earlier the head of investments at IDFC Mutual Fund (now Bandhan MF). He had left to set up a PMS, called Old bridge Capital. Now, he’s back in the Rs 50 trillion Indian mutual fund industry with a brand new fund house
The BSE Sensex on Wednesday rallied 271.50 pts to close at 71,657.71 as buying was seen in BSE services and consumer durable stocks despite a weak Asian market.