Share prices of Bank of India stocks lost by 2.26% to Rs. 353.00 reported at BSE at 10.39 a.m. on 12 February 2008 against previous day close of Rs 361.15.
Declining share prices may have negative impact on NAV of mutual fund schemes, which holds their stake in the bank. Kotak PSU Bank ETF is likely to lose 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. Kotak PSU Bank ETF has 5.37% of its total portfolio size invested in the stocks of the bank as on 31 January 2008. The scheme holds 1.05 lakh units of the bank in January 2008 compared to its peer groups who have invested in the stocks of the bank.
Other schemes, which may affect includes PSU Bank BeES with 4.99 lakh units (5.37% of its portfolio), Bank BeES with holding of 42.91 lakh units (3.58%) as on 31 January 2008.
No comments:
Post a Comment