Tata Infrastructure buys banking, sells engg & cap

Tata Infrastructure Fund increased its weightage to the banking sector, while decreased its exposure to engineering & capital goods. (View - What is Tata Infrastructure Fund buying / selling?)

The analysis of the scheme for the month of April 2008 shows that in the banking & financial sector, it purchased, Punjab National Bank, Kotak Mahindra Bank and SBI. It sold ABB, Larsen & Tourbo and over 1.4 lakh shares of BHEL. It also exited Elecon Engineering.

It purchased 2.5 lakh shares of Rain Commodities and 75,000 shares of Reliance Industries.

Reliance, Larsen and BHEL were the top stocks held by the scheme in April. Engineering (17.63%), Metal (13.31%) and Banking (11.12%) were the top invested sectors in the scheme's portfolio. (Check out - Top stocks held by Tata Infrastructure Fund).

The equity exposure of the scheme has dropped from 83.87% to 79.21% and cash in hand has increased from 15.94% to 20.59%. The total assets managed by the scheme was Rs 2646.58 crore as on April 30, 2008.
 
Over the last one year, Tata Infrastructure Fund has yielded 42.5% returns as against 25.96% yielded by its benchmark Sensex as on May 7, 2008.

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