Kresha Gupta, fund manager of Chanakya Opportunities Fund, discusses the exceptional performance of the fund in SME IPOs since its inception. The fund follows a strategic investment approach, allocating to unlisted and listed SME exchange companies, and small cap SME companies based on a rigorous stock selection process. The fund has a lock-in period and actively manages risk.
The benchmark Sensex, which was trading up around 285 points at 72,035 when the finance minister rose to present the interim budget at 11am, had given up most of the day’s gains to hover around 71,815 up around 63 points – when the speech concluded around 12 noon.