The year gone by saw Tata TD Asset Management increasing its ‘assets under management’ from Rs1,031 crore (as on March 31, 2003) to Rs3,461 crore (as on November 30, 2003). The firm’s fund performance has been top notch and its two new products — Tata Dynamic Bond Fund and Tata Floating Rate Fund — have added to the completeness of its portfolio.
With a growth rate of more than 200 per cent, the company has outperformed the industry in what has generally been a good year for mutual fund players. The company’s showing is bound to improve in the coming year as investor interest in equity funds gets more animated (witness the euphoria that greeted the bellwether Sensex crossing the 6,000 mark).
Tata TD Asset Management will continue to focus on providing a quality product range, quality performance and quality servicing to all its investors. The objective is to move forward in 2004 towards becoming the leading mutual fund in India.