Reliance is top investment for US-64

The predominance of government securities and Reliance group companies continues in the US-64 portfolio for August 2000. Government securities take up 16.34 per cent of the portfolio, marginally lower than 17.57 per cent as on June 30, 2000. In absolute terms, the largest fund of the Indian fund industry held gilts worth Rs 3375 crore as on August 31, 2000. While the maturity profile of the fund's G-sec exposure is not known, the fund's investment is likely to have taken a hit as the gilt markets have been on a roller-coaster in the last two months. The fund's total market value of net assets was a whopping 20658.81 crore on August 31, 2000. Incidentally, this is the first monthly disclosure of the portfolio of US-64 and the top ten holdings account for 57 per cent of the total investments or 11,775 crore. The market value of total investments of US-64 is marginally up by Rs 65 crore from Rs 20593.63 crore to its August 31 level of Rs 20658.81 crore. The larger corpus, despite a 271 point falls in t