Tuesday, August 7, 2007

Infosys Stocks May Affect Mutual Fund Schemes

Share prices of Infosys Technologies were down by 1.59% to Rs. 1888.80 reported at BSE at 1.00 p.m. on 6 August 2007 against previous day close of Rs. 1919.35. Franklin Infotech Fund (G) is likely to loose 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 39.36% of its total portfolio size invested in the stocks of the company as on July 2007. The scheme holds 3.93 lakh 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 - (23.69% of its portfolio), UTI GSF Software Fund (D) (17.67%) as on July 2007. However the scheme like Sundaram BNP Paribas Select Focus (G) was holding 5.58% of 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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