Sun TV Network Likely To Benefit MF Schemes

Share prices of Sun TV Network were up 2.04% to Rs. 337.00 reported at BSE at 11.05 a.m. on 31 August against previous day close of Rs.330.25. Gain in the stock prices of the company will benefit various mutual fund schemes, which have invested in the stocks of the company. Tata Tax Saving Fund is likely to benefit the most 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. Tata Tax Saving Fund has 1.76% share of its portfolio invested in the stocks of the company with 64000 units as on July 2007.

It is followed by Tata Tax Advantage Fund -1 (G) (1.76% of its portfolio with 15000 units), Tata Service Industries Fund (G) (1.70% of its portfolio), DBS Chola Multi Cap Fund (G) (1.69% of its portfolio) as on July 2007. However, the scheme like Principal Resurgent India Equity Fund (G) is less likely to benefit as scheme exited completely from the shares of the company as on July 2007.