Investing only in the oil and gas sector was not a prudent choice

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: reaching the horizon phase and yielding in bigger returns.

Are you only targeting conventional energy sources or non-conventional ones as well?

The fund's objectives do give us the scope to invest in both conventional sources as well as alternative sources of energy. While keeping in mind the ever-changing market pulse, if non-conventional energy companies do come into the market with good potential we will definitely be investing in them as well. Currently in India conventional sources of energy have been showing great growth potential and hence our primary focus remains on them. There are so few alternative sources of energy-providing companies that out choice is automatically made, Suzlon is one of the few companies in this sector and we have invested here. In comparison, the traditional power sector has so many big companies like ONGC and RIL, which are pegged to do really well and hence these form a big part of our investments.

You started of as the only such fund in the country and now recently we see more funds emerging in the market. What are your views on that?