The Hindu Business Line : Brisk trading in Morgan Stanley Growth Fund

On Wednesday, the fund recorded total traded quantities of 1,99,414 units and 1,69,440 units on the NSE and the BSE respectively, the closing prices being Rs 32.75 and Rs 32.85 on the two bourses. The number of units traded is quite noteworthy, sources maintain.

MSGF, a 15-year close-end fund that now has only a few years left before redemption, recorded a turnover of Rs 65.37 lakh on NSE, according to data released by the exchange. The fund had closed Tuesday's session at Rs 33.

As on January 17, the fund's one-year and three-year returns stood at 59.47 per cent and 49.38 per cent respectively, figures collated by Value Research suggest. Its returns since inception (early 1993) was 14.57. Incidentally, the fund had on NSE seen its 52-week low at Rs 17.95.

Index heavies dominate:

Index heavyweights continue to rule the list of MSGF's top holdings, according to the latest information from the fund.

As on December 31, the top 10 companies in the portfolio include BHEL, HLL, Infosys, ABB, HDFC, HDFC Bank and ITC. The remainder of the portfolio is marked by investments in such leading counters (also index constituents) as SBI, ICICI Bank, Wipro and M&M.

BHEL was the No. 1 holding, accounting for 8.63 per cent of the asset, followed by Siemens and HLL, representing 5.58 per cent and 5.09 per cent.

The fund, for which the top 25 holdings represent 77 per cent of its total assets, had over Rs 2,200 crore under management at the end of last month.