Reliance Growth Fund increased its exposure to IT, engineering, banking and oil & gas sector.

The analysis of the scheme for March 2008 shows that in the IT pack, it introduced Infosys and bought Northgate Technologies. It introduced Greaves Cotton, while purchased Crompton Greaves, BEML and AIA Engineering in the engineering & capital goods sector. (View - What is Reliance Growth Fund buying / selling?)

In the banking space, it bought SBI and Bank of Baroda. In the oil & gas pack, it purchased Shiv Vani Oil and Reliance Industries. However, it sold 2.18 lakh shares of Maruti Suzuki.

Divis Lab, Reliance and Jindal Steel were the top stocks held by the scheme in March. Metal (11.13%), Manufacturing (6.22%) and Pharma (6.11%) were the top invested sectors in the scheme's portfolio. (Check out - Top stocks held by Reliance Growth Fund).

The equity exposure of the scheme has risen from 57.53% to 62.28% and cash in hand has dropped from 19.71% to 15.59%. The total assets managed by the scheme was Rs 4915.20 crore as on March 31, 2008.
 
Over the last one year, Reliance Growth Fund has yielded 28.9% returns as against 26.33% yielded by its benchmark BSE 100 as on April 11, 2008.

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