Indian Bank Stocks Likely To Benefit MF Scheme

Share prices of Indian Bank went up by 7.37% to Rs. 211.85 reported at BSE at 10.12 a.m. on 23 January 2008 against previous day close of Rs. 197.30.

Birla Sun Life Long Term Advantage Fund - Sr.1 (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. Birla Sun Life Long Term Advantage Fund - Sr.1 (G) was holding 3.49% of its total portfolio size invested in the stocks of the bank as on 31 December 2007. The scheme holds 8.04 lakh units of the bank in December 2007 compared to its peer groups who have invested in the stocks of the bank.

The benefited schemes includes Tata Equity P/E Fund - (G) with 2.75 lakh units holding (3.13% of its portfolio), Lotus India Growth Fund (G) with 2.78 lakh units holding (2.67%) as on December 2007.

However, the scheme like, ING Dividend Yield Fund (G) was holding 80104 units on 30 November 2007, has sold all its 50135 shares to 29969 units as on 31 December 2007 and thus less likely to gain.