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Suzlon, Rel Comm, GVK Power top picks: Birla Sun Life MF
Birla Sun Life Mutual Fund has invested in telecommunication, utilities and information technology segments. However, it has decreased its holding in banking & financial services, chemicals and oil & gas sectors.
In the telecommunication space, Reliance Communication and Bharti Airtel topped the list of buys.
GVK Power, Reliance Infrastructure and NTPC were top buys while Tata Power Company and CESC were top sold stocks in the utilities segment.(View - All Bulk Deals by Mutual Funds)
In the information technology pack, HCL Technologies, TCS and Infosys topped the list of buys while Tech Mahindra, Allied Digital and Geometric topped the list of sells.
HDFC, Indian Bank, Axis Bank, SBI and HDFC Bank were top sells in the banking & financial services. It exited Bajaj Finserv and Federal Bank. However, ICICI Bank, IDFC and India Infoline were top buys.(Check out - Which sectors are attracting Fund Managers?)
Reliance MF decreased holding in chemical, wherein it sold Tata Chemicals, Clariant Chemicals and Solar Explosives.
In the oil & gas sector, Reliance Industries and Aban Offshore were top sold stocks. However, BPCL and ONGC were top buys.
Table of Stocks bought/ sold by Birla Sun Life Mutual Fund ...contd on Page 2
