Shobhit Mehrotra
Senior Fund Manager and Head of Credit, HDFC Mutual Fund
The key theme which we have followed in our credit is disciplined investing and diversification.
We have diversification across individual credits, whether it is one company exposure that we are taking, or whether it is 2-3 companies in a same business group. We are well diversified across business groups and across business sectors. Effort has gone into creating a truly diversified portfolio across individual names, business groups and sectors. At the same time, maintaining a very high component of AAA PSU - the most liquid segment of the market. And tiering or laddering of the portfolio so we have maturities coming up, say, on a quarterly basis.
But the effort has been to go with credits we are very comfortable with based on parentage and bottom-up credit analysis.
