Alliance Equity

The fund is down 40 per cent year-to-date through October 18, 2001, which is also twice as much as the fall in Nifty, its benchmark. A confidence shaking performance for any believer in growth investing. Despite the carnage, a sizzling three-year return of 25 percent (which is also its age) is little comforting. Indeed, the fund has been a significant beneficiary of its launch coinciding with the start of the technology super-cycle, which it capitalised on to the hilt. During this period, the fund made lavish payouts with

This article was originally published on October 22, 2001.