Share prices of Power Finance Corporation went up by 2.90% to Rs. 179.40 reported at BSE at 10.22 a.m. on 15 February 2008 against previous day close of Rs 184.75.
Declining share prices may have negative impact on NAV of mutual fund schemes, which holds their stake in the company. Junior BeES 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. Junior BeES has 4.17% of its total portfolio size invested in the stocks of the company as on 31 January 2008. The scheme holds 1.91 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 LICMF Growth Fund (G) with 1.23 lakh units (3.05% of its portfolio), ING L.I.O.N Fund (G) with holding of 61571 units (2.19%) as on 31 January 2008.
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