ROI

40% ROI. Yup! That's the performance delivered by the current fund management team which relinquishes control to a new team. The IM-11 (that's the senior MBA batch at NITIE) team had done a good job getting the mutual fund operational and had overseen the AUM grow a whopping 120%.

I still say its not one of the best, but some of the investors of our fund would never have seen such a growth at close quarters. And it feels good to be part of this success. Sample this -

Rs.500 invested a year back became Rs.706 as of today. The junior batch which invested Rs.650 a month ago see their investments rise to Rs.706. That's good business done, by any standards.

The IM-12 team is good and far better than its predecessors. Wishing them success!