Satyam Computer Services Stocks Likely To Benefit MF Scheme

Share prices of Satyam Computer Services went up by 3.80% to Rs. 425.60 reported at BSE at 11.19 a.m. on 11 February 2008 against previous day close of Rs 410.00.

The rising share prices may have positive impact on NAV of mutual fund schemes, which holds their stake in the company. Franklin India Taxshield 99 is likely to gain most as it has the highest percentage holding of the stocks of the company compared to its peer groups who have invested in the stocks of the company. Franklin India Taxshield 99 was holding 14.17% of its total portfolio size invested in the stocks of the company as on 31 January 2008. The scheme holds 16280 units of the company in January 2008.

Other schemes, which likely to gain includes UTI-Software Fund (D) with 2.00 lakh units holding (10.27% of its portfolio), and Birla Sun Life New Millennium Fund (G) with 1.93 lakh units holding (7.95%) as on 31 January 2008.