ITC's To Benefit Various MF Schemes

Among the days top 10 gainers in the A group ITC gained 8.93% on 25 July 2007 as it closed at 165.85 compared to previous close of 152.25 on 24 July 2007. Gain in the stock prices of the company will benefit various mutual fund schemes, which have invested in the stocks of the company. Franklin FMCG Fund (G) is likely to benefit the most as it has the highest percentage hold of the stocks of the company compared to its peer groups who have invested in the stocks of the company. Franklin FMCG Fund (G) has 12.83% share of its portfolio invested in the stocks of the company with 2.30 lakh units in June 2007. Magnum SFU- FMCG Fund is also likely to benefit as scheme has invested 7.44% of its portfolio with 44053 units in the stocks of the company in June 2007. DWS Alpha Equity Fund (G) was holding 2.00 lakh units on 31 May 2007 has sold all shares as on June 2007 and thus less likely to benefit.