Wednesday, January 2, 2008

Allahabad Bank Stocks Likely To Benefit MF Scheme

Share prices of Allahabad Bank went up by 4.02% to Rs. 134.50 reported at BSE at 10.14 a.m. on 2 January 2008 against previous day close of Rs. 129.30.

Reliance Banking Fund - (Bonus) 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. Reliance Banking Fund - (Bonus) was holding 2.40% of its total portfolio size invested in the stocks of the bank as on 31 December 2007. The scheme holds 9.02 lakh units of the bank in December 2007 compared to its peer groups who have invested in the stocks of the bank.

It is followed by Birla Sun Life Long Term Advantage Fund - Sr.1 (G) with 9.00 lakh units (2.29% of its portfolio), DWS Investment Opportunity Fund (G) with 55004 units holding (2.06%) as on December 2007.

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