Declining share prices may have negative impact on NAV of mutual fund schemes, which holds their stake in the company. UTI-MNC Fund (D) is likely to lose 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-MNC Fund (D) has 3.72% of its total portfolio size invested in the stocks of the company as on 31 January 2008. The scheme holds 1.36 lakh units of the company in January 2008 compared to its peer groups who have invested in the stocks of the company.
Other schemes, which may affect includes Tata Dividend Yield Fund (G) with 97241 units (2.99% of its portfolio), UTI-Dividend Yield Fund (G) with holding of 3.82 lakh units (2.29%) as on 31 January 2008.
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