Jet Airways India Stocks Likely To Benefit MF Scheme

Share prices of Jet Airways India went up by 2.49% to Rs. 1026.00 reported at BSE at 10.24 a.m. on 17 December 2007 against previous day close of Rs 1001.05.

JM Equity Fund - (G) 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. JM Equity Fund - (G) 4.26% of its total portfolio size invested in the stocks of the company as on 30 November 2007. The scheme holds 48,841 units of the company in November 2007 compared to its peer groups who have invested in the stocks of the company.

It is followed by JM Emerging Leaders Fund (G) with 1.85 lakh units (3.27% of its portfolio), Quantum Long-Term Equity Fund (G) with 13,559 units holding (2.49%) as on November 2007.

Three mutual fund schemes exited from Jet Airways India in November 2007. Among them, the schemes like, ING A.T.M. (Against The Market) Fund (G) was holding 2998 units on 31 October 2007, has sold all its shares as on 30 November 2007 and thus less likely to gain. LICMF Unit Linked Insurance Scheme - (G) also holding 9986 units on 31 October 2007, has sold all its shares as on 30 November 2007 and thus less likely to benefit. LICMF Monthly Income Plan - (G) also affected as it was holding 15,000 units (0.80%) as on 31 October 2007 and sold all its shares in November 2007.