Our positioning of the fund currently has a significant deviation from the index. We are invested across the supply side dynamics of the country which are core GDP facing sectors – across auto, metals, capital goods, manufacturing and power. Considering the aspect of the previous decade having sub par returns in the GDP facing sectors, one would find these under-represented in the benchmarks.

Our positioning is driven by the visibility of growth we are seeing today which we expect to continue driven by funding from private sector capex.