Canara Bank Loses By 3.41%

Share prices of Canara Bank went down by 3.41% to Rs. 278.00 reported at BSE at 10.52 a.m. on 21 February 2008 against previous day close of Rs 287.80.

Declining share prices may have negative impact on NAV of mutual fund schemes, which holds their stake in the bank. Reliance Banking Fund - (Bonus) 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. Reliance Banking Fund - (Bonus) has 6.27% of its total portfolio size invested in the stocks of the bank as on 31 January 2008. The scheme holds 17.90 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 ING Dividend Yield Fund (G) with 60155 units (6.03% of its portfolio), JM HI FI Fund (G) with holding of 75194 units (4.54%) as on 31 January 2008.