Reliance Long Term Equity Fund has reduced its exposure to most of the sectors by small margin. The analysis of the scheme for March 2008 shows that in the pharma sector, it sold Abbott, Novartis, Dabur Pharma and Wyeth. It introduced GAIL, a gas supply company.

In the real estate sector, it introduced Peninsula Land, but sold Ganesh Housing. It sold UTV Software and Zee Entertainment in the media pack. (View - What is Reliance Long Term Equity Fund buying / selling?)

In the banking space, it sold Andhra Bank, while exited Bank of Baroda and IndusInd Bank. In the chemical segment, it sold United Phosphorous, Gujarat Narmada Valley Fertilizers and exited Gulf Oil Corp.

It sold Bombay Rayon Fashion and House of Pearls in the manufacturing sector. In the engineering & capital goods pack, it introduced FAG Bearing and purchased Lakshmi Machine Works. However, it sold Greaves Cotton, Carborundum and exited Voltamp Transformer.

Jindal Stain, Nicholas and Zee Entertainment were the top stocks held by the scheme in March. Pharma (10.84%), Media (7.88%) and Metal (6.59%) were the top invested sectors in the scheme's portfolio. (Check out - Top stocks held by Reliance Long Term Equity Fund).

The equity exposure of the scheme has dropped from 68.58% to 66.39% and cash in hand has increased from 10.89% to 12.68%. The total assets managed by the scheme was Rs 2168.47 crore as on March 31, 2008.
 
Over the last one year, Reliance Long Term Equity Fund has yielded 16.6% returns as against 24.25% yielded by its benchmark BSE 200 as on April 15, 2008.

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