Liquidity is available only through listing at major stock exchanges.
Performance Launched in 1994 in a rising market and unprecedented hype raising unmanageable expectation the fund raised Rs 980 crore against a target of Rs 300 crore. However, the fund tumbled with the market. So the fund which commanded a significant premium even before listing immediately disappeared. With its huge asset base, the fund was initially wildly spread over 350 mid and small-cap stocks. The fund's NAV touched a low of 6.94 in December 1996.