SAIL, HCC, Bajaj Auto Fin top sells with SBI MF

SBI Mutual Fund has slashed its holdings in the cement & construction, engineering & capital goods and media & entertainment sectors. However, the fund house increased its exposure to oil & gas, pharmaceuticals and information technology.

A study of the equity portfolios managed by SBI Mutual Fund as on June 30, shows that in the cement & construction space, Jaiprakash Associates and Gammon India topped the list of sells while GMR Infrastructure, Ambuja Cements and India Cements topped the list of buys. It has exited Prism Cement.

In the engineering & capital goods pack, Carborundum Universal, Bharat Heavy Electricals and Crompton Greaves were in the list of top sells while Mundra Port, Larsen and Toubro and Texmaco were in the list of top buys. (View - All Bulk Deals by Mutual Funds)

In the media & entertainment, it has reduced its position in NDTV while increased exposure to Zee Entertainment.

SBI Mutual Fund has added to its investment in oil & gas, pharmaceuticals and information technology. In the oil & gas space, IOC, BPCL and Reliance Industries topped the list of buys while Cairn India was the top sold stock.(Check out - Which sectors are attracting Fund Managers?)

In the pharmaceutical sector, Ranbaxy Laboratories, Dr Reddys Laboratories and Cipla were in the list of top buys while it made fresh investments in Glenmark Pharma and Anus Laboratories.

In the information technology pack, it has increased its weightage to Tata Consultancy Services, Infosys Technologies and HCL Technologies.

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

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