Fund managers are adopting stock specific approach, buying when there is earnings visibility.
Ultra short term funds are a category of debt funds that invest in commercial paper, treasury bills, certificate of deposit and corporate paper with average maturity more than 91 days.
In the financial sector, some funds were seen buying Kotak Mahindra Bank and HDFC.
India's macroeconomic parameters have improved significantly given the pace of reforms.
Fund house could be valued anywhere between Rs 14,000 and Rs 16,000 crore.
Reliance Mutual is the third largest player in the Indian mutual fund industry, and manages assets worth Rs 3,58,059 crore.
Investors now strongly believe that equity is one of the best asset class to create wealth over the long term.
IndiGrid has seen tepid trading on day one of its listing on stock exchange on Tuesday.
The fund has given a stellar performance since its inception, and is amongst the top quartile in the multi-cap category.
Though there is no imminent possibility the company could delay interest repayment
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