Bay Capital India fixed income fund boosted by rupee rally against the dollar


The Mauritius-registered Bay Capital India Fixed Income Fund, which runs assets of around $50 million, delivered an 8.73% return in January, its robust performance during the month driven primarily by the appreciation of the Indian rupee against the US dollar.

The fund, which was launched in October and was invested in 14 securities during the period, saw its underlying portfolio denominated in Indian rupees contribute 1.94 percentage points of return while the appreciation of the Indian currency contributed 6.79 percentage points.

Bay Capital was founded in 2006 by an experienced team of professionals, previously with the Kotak Mahindra