The US Federal Reserve's 0.25% interest rate increase was expected and paved the way for India's reserve bank to take a measured approach to policy-making, according to analysts. Edelweiss mutual fund's Managing Director and Chief Executive Radhika Gupta said the Fed statement permitted the potential for more rate hikes, but the Indian economy currently didn't need further increases.

Goldman Sachs, Massachusetts Institute of Technology Basic Retirement Plan Trust, Aditya Birla Sun Life Mutual Fund (MF), Edelweiss MF, ICICI Prudential MF, and Kotak Mahindra MF are among the anchor investors.

"About 25% of our book is retail loans within which there is now a potentially growing book for micro finance loans. In the last three quarters we have acquired about ₹470 crore of micro finance loans where the recovery has been even better than our projections. We expect this pace to continue," Manhas said.