Vijaya Bank Stocks Likely To Benefit MF Scheme

Vijaya Bank stocks were up by 3.11% to Rs. 54.70 reported at BSE at 2.48 p.m. on 8 August against previous day close of Rs.53.05. The rising prices of shares on the stock market will have a positive impact on the NAVs of the various mutual funds. DBS Chola Midcap Fund (G) is likely to benefit the most as it has highest exposure to Vijaya Bank among the peer groups who have invested into the stocks of the company as on July 2007. The scheme has 3.36% of its portfolio holding in the company with 2.44 lakh units as on July 2007.

It is followed by ING Dividend Yield Fund (G) (2.66% of portfolio size), Birla Dividend Yield Plus (G) (2.50%), Tata Dividend Yield Fund (G) (1.05%) as on July 2007.

ICICI Pru Blended- Plan A (G) was holding 9.32 lakh units in June 2007 out of which scheme has sold 935 units as on July 2007 and thus is likely to benefit to a limited extent.