Saturday, August 18, 2007

Infosys Stocks Likely To Affect MF Schemes

Share prices of Infosys Technologies were down by 4.27% to Rs. 1828.90 reported at BSE at 11.49 a.m. on 17 August 2007 against previous day close of Rs. 1910.45.

Franklin Infotech Fund (G) is likely to lose 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 Infotech Fund (G) has 36.33% of its total portfolio size invested in the stocks of the company as on July 2007. The scheme holds 3.10 lakh share units of the company in July 2007 compared to its peer groups who have invested in the stocks of the company.

It is followed by Kotak Tech - (17.70% of its portfolio), UTI GSF Software Fund (D) (16.87%) as on July 2007.

However the scheme like DSP ML Technology.com (G) was holding 8.95% of its portfolio in company's shares in June 2007 has sold all its shares as on July 2007 and is thus likely to benefit.

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