More woes for US-64

It's yet another cup of woes for US-64. The ICE avalanche is believed to have shaved off over Rs 1300 crore or 52% of UTI flagship's investments in the technology sector. The exposure, estimated at Rs 2527 crore in December 2000, has seen a steep fall to Rs 1200 crore with the tech-rout on the bourses. US-64 had 13.5% of its assets in technology stocks for December 2000, which is also the last available portfolio for the balanced scheme. "The sharp fall in equities couldn't have come at a worse time since UTI plans to make US-64 NAV-linked. If the sentiment does not rev