Syndicate Bank Stocks Likely To Benefit MF Scheme

Share prices of Syndicate Bank went up by 3.93% to Rs. 107.00 reported at BSE at 10.01 a.m. on 14 November 2007 against previous day close of Rs. 102.95.

JM Financial Services Sector Fund (G) is likely to gain as it has the highest percentage hold of the stocks of the bank compared to its peer groups who have invested in the stocks of the bank. JM Financial Services Sector Fund (G) has 5.11% of its total portfolio size invested in the stocks of the bank as on 31 October 2007. The scheme holds 1.20 lakh units of the bank in October 2007 compared to its peer groups who have invested in the stocks of the bank.

It is followed by ABN AMRO Future Leaders Fund (G) (1.55% of its portfolio), Stan Chart Arbitrage - Plan A (G) (0.92%) as on October 2007.

Birla Taxplan'98 was holding 30,005 units on 30 September 2007, has sold all its shares as on 31 October 2007 and thus less likely to gain. DBS Chola Multi-Cap Fund (G) was holding 74,894 units on 30 September 2007 has sold all its shares as on 31 October 2007 and thus less likely to benefit.