The equity markets have witnessed a huge correction in the last one year and the valuations appear very attractive. Yet, we are at a juncture wherein the clarity on the time period for the revival of economy remains debatable. In such times it becomes difficult to take a timing call on the market. We believe the best strategy in such a scenario is to follow the one which is followed by the above mentioned scheme i.e. to participate through Index call options without leveraging but increasing the exposure every month as one keeps on making money, with a limited risk on the downside to the extent of the premium paid.

It is a closed ended fund therefore; on the debt side we follow a passive fund management strategy wherein the investments were made at the inception and are only liquidated on exit or to switch for yield enhancement.