Omaxe stocks likely to benefit MF scheme

Share prices of Omaxe went up by 7.28% to Rs. 561.50 reported at BSE at 11.24 a.m. on 11 December 2007 against previous day close of Rs. 523.40.

UTI-SPrEAD 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. UTI-SPrEAD Fund (G) 0.90% of its total portfolio size invested in the stocks of the company as on 30 November 2007. The scheme holds 91,000 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 Kotak Equity Arbitrage Fund (G) with 72,150 units (0.63% of its portfolio), SBI Arbitrage Opportunities Fund (G) with 12,334 units (0.08%), and HDFC Arbitrage Fund (G) with 3,250 units holding (0.04%) as on November 2007.

Six mutual fund schemes have completely exited from Omaxe in November 2007. Among them, the schemes like, DBS Chola Contra Fund (G) was holding 24,982 units on 31 October 2007, has sold all its shares as on 30 November 2007 and thus less likely to gain. DSP ML Tax Saver Fund (G) holding 59,864 units on 31 October 2007, has sold all its shares as on 30 November 2007 and thus less likely to benefit.

JM Arbitrage Advantage Fund (G) was also holding 0.63% of its portfolio with 1.62 lakh units in October 2007, has sold all its shares as on 30 November 2007 and thus less likely to gain.