Reliance MF buys banking, utilities, oil stocks

Reliance Mutual Fund bought banking & financial services, utilities, oil & gas, manufacturing and media & entertainment stocks in January. However, it has sold metals, information technology, pharmaceuticals, engineering & capital goods and automotive stocks.

A study of equity portfolios of Reliance mutual fund for the month of January shows that in the banking and financial space, Andhra Bank, Canara Bank and IDBI topped the list of buys while IndusInd Bank, Bank of Maharashtra and Shriram Transport Finance Corporation topped the list of sells. (View - All Bulk Deals by Mutual Funds)

In the utilities pack, NTPC, Reliance Energy and Tata Power Company were in the list of top buys while GVK Power and Trent were in the list of top sells.

In the oil & gas sector, Cairn India, Reliance Industries and Indian Oil Corporation topped the list of buys while HPCL and BPCL topped the list of sells.

In the manufacturing space, Jain Irrigation Systems, Bharat Forge and Bombay Dyeing were in the list of top buys. In the media & entertainment sector, NDTV, ETC Networks and Dish TV topped the list of buys.

Reliance MF has reduced exposure to metals & mining, information technology, pharmaceuticals, engineering & capital goods and automotive stocks. In the metals sector, Sunflag Iron, SAIL and Ashapura Minechem were in the list of top sells while Tata Steel, Jindal Stainless and JSW Steel were in the list of top buys.(Check out - Which sectors are attracting Fund Managers?)

In the Information Technology space, Infosys Technologies, MphasiS and Tata Consultancy Services and in the pharmaceuticals space, Ranbaxy Laboratories, Biocon and Dishman Pharmaceuticals were in the list of top sells.

In the engineering & capital goods space, KEC International, Kirloskar Brothers and KSB Pumps topped the list of sells while BGR Energy Systems, Kirloskar Oil Engines and  Siemens topped the list of buys.

In the automotive space, Escorts, Rico Auto and Federal-Mogul Goetze were in the list of top sells.

 Table of Stocks bought/ sold by Reliance Mutual Fund ...contd on Page 2