For the strong-hearted

FUND PICK: Alliance MIP

Secs and a further 16.75 per cent is in cash.  Equity holdings form 14.61 of its corpus which is primarily large-cap oriented (61.3 per cent). It cashed in on the 2003 bull run, by investing 13.75 per cent of its equity between April 2003 and January 2004, gaining 18.14 per cent during the period. 
 

Top holdings
As on Sep 29, 2004	Value (Cr)	Net Assets (%)
Lafarge India	26.49	7.62
GoI 2012 7.4%	22.35	6.43
GoI 2015 7.38%	14.14	4.07
HDFC	14.03	4.04
GoI 2011 9.39%	13.98	4.02
Ticso	13.53	3.90
India Infrastructure Dev.	11.28	3.25
IDBI	10.18	2.93
Citifinancial Consumer Fin.	9.78	2.82
Tata Power	9.16	2.64
Power Grid Corp	7.22	2.08
Chennai Petroleum Corp	6.04	1.74
Tata Motors	5.94	1.71
Bharti Tele-Ventures	5.49	1.58
GoI 2008 11.4%	5.33	1.53
Cadila Healthcare	5.29	1.52
Citifinancial Retail	4.90	1.41
BHPC	4.63	1.33
IRFC	4.22	1.21
Others	31.46	9.06

 Outlook: This fund will suit you if you have an appetite for high risk.

- Value Research