Reliance Equity Opportunities Fund has incresed it exposure to engineering, bank and oil & gas. However, it dropped its exposure to utilities and cement stocks.

The analysis of the scheme for March 2008 shows that in the engineering pack, it introduced Siemens and L&T. However, it sold 3.52 lakh shares of BEML and it also sold Alstom Projects and Areva T&D.  (View - What is Reliance Equity Opportunities Fund buying / selling?)

In the pharma sector, it introduced Biocon and bought Divis Laboratories and Wyeth. However, it sold Aurobindo Pharma and Aventis Pharma.

In the technology sector, it bought Infosys and 1.06 lakh shares of MphasiS. However, it sold 2.14 lakh shares of HCL Technologies.

In the metal space, it exited SAIL. It also sold 4.51 lakh shares of Tata Steel.

In the media pack, it exited ETC Networks and sold Dish TV. In the banking space, it sold Bank Of Baroda and ICICI Bank, however it bought SBI. It sold 2.05 lakh shares of auto giant Maruti Suzuki India.

In cement & construction sector, it sold 3.17 lakh shares of Jaiprakash Associates. However it bought UltraTech Cement and Nitco Tiles.

Areva T&D, Reliance and Infosys  were the top stocks held by the scheme in March. Engineering (16.93%), Technology (13.98%) and Pharma (10.19%) were the top invested sectors in the scheme's portfolio. (Check out - Top stocks held by Reliance Equity Opportunities Fund).

The total assets managed by the scheme were of Rs 1839.16 crore as on March 31, 2008. The cash exposure has decreased from 6.34% to 3.80%.
 
Over the last one year, Reliance Equity Opportunities Fund has yielded 7.4% returns as against 26.33% yielded by its benchmark BSE 100 as on April 11, 2008.

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