Wipro Stocks May Benefit MF Scheme

Share prices of Wipro went up by 2.04% to Rs. 467.20 reported at BSE at 11.55 a.m. on 7 August 2007 against previous day close of Rs. 457.85. UTI-GSF-Software Fund (D) is likely to gain 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. UTI-GSF-Software Fund (D) has 9.29% of its total portfolio size invested in the stocks of the bank as on 31 July 2007. The scheme holds 2.25 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 Franklin India Taxshield 99 (6.95% of its portfolio), Franklin Infotech Fund - (G) (6.21%) as on July 2007. However the scheme like Reliance Regular Savings Fund - Equity (G) is likely to benefit to a limited extent as it sold all its shares as in July 2007 compared to 1.50 lakh units held in June 2007.