Tata Tea Stocks Likely To Benefit MF Schemes

Share prices of Tata Tea went up by 2.79% to Rs. 734.75 reported at BSE at 12.21 p.m. on 9 August against previous day close of Rs.714.80. The rising prices of shares on the stock market will have a positive impact on the NAVs of the various mutual fund. Franklin FMCG Fund (G) is likely to benefit the most as it has highest exposure to Tata Tea among the peer groups who have invested into the stocks of the company as on July 2007. The scheme has 7.07% of its portfolio holding in the company with 23000 units as on July 2007. It is followed by ICICI Pru Discovery Fund (G) (6.26% of portfolio size), ICICI Pru Tax Paln (G) (4.68%), Birla India Gen Next Fund (G) (4.39%) as on July 2007.

Magnum SFU FMCG Fund is less likely to benefit as scheme sold all its shares as on July 2007 as compared to 5081 units held in June 2007.