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'We managed the duration very well'

Anil Bamboli, senior fund manager at HDFC Asset Management Company Ltd, said, "The short term fund has done well as the focus was on higher carry and we managed the duration well. The focus has been on higher carry rather than capital appreciation. We have increased the duration a little bit in expectations of rate cuts."

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Video: Vijay takes oath as Tamil Nadu CM amid loud cheers and chants

TVK leader C Joseph Vijay on Sunday took oath as the Chief Minister of Tamil Nadu amid a sea of supporters, his friends and family, and several political leaders. Eight other TVK leaders were sworn in besides him, as ministers in the new government. Congress leader Rahul Gandhi also attended the ceremony. The TVK managed to secure the Governor's nod to form the government after the Congress, the CPI, the CPI(M), the VCK, and IUML extended their support to the Vijay-led party for a colaition government.