Mphasis To Boost MF Schemes' Performance

Share prices of Mphasis went up by 1.02% to Rs. 291.40 on 7 August 2007 reported at BSE at 2.37 p.m. against previous day close of Rs. 288.45. The rising prices of shares on the stock market will have a positive impact on the NAVs of the various mutual funds. JM Equity & Derivative Fund (G) will benefit the most as it has highest exposure to Mphasis among the peer groups who have invested into the stocks of the company. The scheme has 6.78% of its portfolio holding in the company with 2.00 lakh units as on 31 July 2007. It is followed by Kotak Tech (6.53% of its portfolio size), Reliance Regular Savings Fund - Equity (G) (4.83%), Kotak MNC (4.74%) as on 31 July 2007. However, scheme like JM Equity Fund - (G) is less likely to benefit as scheme sold all its shares as on July 2007 as compared to 2.03 lakh units held in June 2007. JM Emerging Leaders Fund (G) was holding 1.16 lakhs units in June 2007 has sold all its shares as on July 2007 and is also less likely to benefit.