Unitech, GVK Power, Punj Lloyd top buys: Birla Sun Life

Birla Sun Life Mutual Fund invested in banking & financial services, engineering & capital Goods and information technology. However, slashed its exposure to Tobacco, Consumer Non-durables and Oil & Gas sectors.

Unitech, GVK Power & Infra and Punj Lloyd were the top buys while ITC, Indian Bank and IVRCL Infrastructure were the top sells.

A study of the equity portfolios managed by the Birla Sun Life Mutual Fund as on April 30, 2009 showed that in banking & financial services space, it bought India Infoline, Yes Bank, Allahabad Bank, Indian Overseas Bank, Reliance Capital, Rural Electrification Corporation, South Indian Bank, ICICI Bank and introduced Syndicate Bank, Canara Bank. But it sold Indian Bank, Union Bank, Bank of Baroda and Oriental Bank.

Punj Lloyd, Suzlon, Crompton Greaves, Cummins India, Larsen were the top buys in the engineering & capital goods segment. (View - All Bulk Deals by Mutual Funds)

The buying was seen in the IT pack, wherein it bought 3infotech, Infosys and TCS and made fresh investment in Mphasis and Everonn Systems India.

Birla Sun Life MF decreased its holding in tobacco, wherein it sold ITC. (Check out - Which sectors are attracting Fund Managers?)

Hindustan Unilever, Marico were top sells in the Consumer Non-durables space. However, Dabur India was a top buy.

In the services sector, PTC India, Taj GVK Hotels topped the list of sells and exited Hotel Leela, while introduced Indian Hotel company.

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

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