Conservative Cruiser

Alliance Income Fund

Background: Launched in March 1997, Alliance Income has paid an aggregate dividend of 60 per cent in its five-year track record spread across 10 half-yearly payouts. The fund carries no entry load. Amounts less than Rs 10 lakh are subject to an exit load of 0.5 per cent if redeemed within six months.

Performance: Alliance Income has been a modest performer and figures in the average risk-return grid. Since launch it has raked in a 12.99 per cent return. Last month the fund lost 0.42 per cent, much lower than the average loss of 0.55 per cent in the medium-term bond fund category.

Thanks to the fund manger