Aug 08, 2009, 12.02 PM IST

Birla Sun Life MF buys auto, IT, realty

Birla Sun Life Mutual Fund increased its investments in Auto, IT, and real estate. However, it slashed exposure in telecom, engineering & capital goods and banking & financial sectors.

A Balasubramanian, CEO ,Birla Sun Life Mutual Fund

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Source: Moneycontrol.com

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Birla Sun Life Mutual Fund increased its investments in Auto, IT, and real estate. However, it slashed exposure in telecom, engineering & capital goods and banking & financial sectors.

HDIL, PTC India and Shree Renuka Sugars were the top buys, while Suzlon Energy, Tata Chemicals and Shaw Wallace and Co. were the top sells.

A study of the equity portfolios managed by the Birla Sun Life Mutual Fund as on July 31, 2009 showed that in the auto pack, it bought Tata Motors, Mahindra and Mahindra, Hero Honda, Maruti Suzuki, but sold Exide Industries, Apollo Tyres and Goodyear India. (View - All Bulk Deals by Mutual Funds)

In the IT space, it bought Patni Computer, HCL Tech, MindTree,Mphasis, Oracle Financial Services Software and introduced Sasken Communication Technologies. But, it sold Core Projects & Technologies, Megasoft, Infosys and exited Educomp Solutions.

It purchased HDIL and introduced Anant Raj Industries, while it sold Indiabulls Real, DLF and Pantaloon Retail in therealty space. (Check out - Which sectors are attracting Fund Managers?)

The selling pressure was seen in the telecom sector where it exited MTNL, Sterlite Technologies and sold Idea Cellular, Reliance Communications, Finolex Cables.

In the engineering & capital goods segment, it sold Suzlon Energy, Kirloskar Oil Engines, Jyoti Structures, Punj Lloyd, Cummins India,Crompton Greaves, KEC International, Thermax, but introduced Sadbhav Engineering.

It decreased its investment in Union Bank, Allahabad Bank, Andhra Bank, South Indian Bank, Axis Bank, Oriental Bank, ICICI Bank, Reliance Capital, City Union Bank, Network 18 Media and exited Indian Bank, IDFC, Canara Bank, Bank Of India in the banking & financial space.

Table of Stocks bought/ sold by Birla Sun Life Mutual Fund ...contd on Page 2

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