Over the last one year the fund has out performed established funds like HSBC Equity fund, Birla advantage fund and Franklin Prima fund. Add to that the discount that one can buy it at it definitely presents a great opportunity.
Expectations of speculators in the 1990s were not met mainly beacuse the market fell. As a result they have a closed mind & are biased against the fund.
Today, the fund is performing well & is available at a discount. This should auger well for long term investors.
The author makes an interesting point of the fund being available at a discount.
I disagree with views of readers that the stock is illiquid & it has performed poorly. The stock is well traded on both stock exchanges and has given better returns that its benchmark since inception.
I have been in the field for over a decade & disagree with your views. Your views are that of an amateur; which is quite understandable since you are still a student.
To begin with, by marketing the fund neither the fund nor the author will gain anything since it is a close ended fund & will not pay any commission or receive any additional funds.
Second, the stock has traded volumes of 2.26 lakh units on the NSE alone yesterday. It can by no means be considered illiquid. Brokerage costs for buying stocks today are as low as 0.5% and are insignificant compared to the 15% discount.
Also, it has performed better than the market since it was launched in 1994.
None of your points have any substance but to mislead readers.