Reliance Growth picks Gammon, Maruti; dumps Educomp

In the auto sector, the scheme made fresh investment in Maruti Udyog for  9.25 lakh shares. Buying was also seen in cement sector, as it freshly bought 9.78 lakh shares of Gammon India.

The weightage to pharma and banking sectors were enhanced in May as the BSE Healthcare and Bankex indices shot up by 3.76% and 10.53%, respectively.

The scheme added exposure to oil sector by purchasing 1.17 lakh shares of BPCL. In the chemical sector, it made investment in Oswal Chemicals and Gujarat State Fertiliser for 5 lakh and 1.24 lakh shares, respectively.

It increased weightage to food and beverages sector as it bought 4.96 lakh shares of Radico Khaitan.

On the other hand, Reliance Growth Fund has cut exposure to technology sector, wherein it exited Educomp Solutions. In metal sector, the scheme offloaded 3.3 lakh shares of JSW Steel. Selling was also seen in the engineering sector, as it sold 2.48 lakh shares of Crompton Greaves.

JSW Steel, Divis Labs and Jindal Saw were the top stocks held by the scheme in May. Metals (13.06%), Pharma (7.36%) and Engineering (7.32%) were the top invested sectors in the scheme's portfolio. (Check out - Top stocks held by Reliance Growth Fund).