S Chandrashekhar, Fund Manager, comments on ING Income Portfolio

S Chandrashekhar has been managing ING Income Portfolio since its inception in March 1999. The fund has generated a return of 12.15 per cent for the one-year ended May 31, 2000. Apart from ING Income Portfolio, Chandrashekhar manages ING Treasury Portfolio and the debt component of ING Balance Portfolio. ING Income Portfolio had an asset base of over Rs 200 crore as on May 31, 2000 with an average maturity profile of around 2 years. Chandrashekhar has been conservative with his investment strategy with emphasis on credit quality. Q.You have maintained around 30% exposure to government securities since January this year but towards the shorter end of the maturity profile even as interest rates were drifting down in the earlier part of the year. Do you t