SBI Mutual Fund adds Dish TV India; exits Atul Limited

SBI Mutual Fund enhanced exposure to telecom, service, textile and pharma whereas it reduced weightage to chemicals, steel, auto, and cement stocks. The fund increased its exposure in the telecom sector. It made fresh investment in Tata Teleservices (Maharashtra) and Idea Cellular by buying 369,051 shares and 140,052 shares respectively. In the service sector, the top buys were Power Finance Corporation where the fund made fresh investments with the purchase of 1,401,619 shares, followed by Redington (India) with 108,744 shares.

The fund bought 1,82,446 shares of Arvind Mills and 73,591 shares of Eastern Silk in the textile sector. In the pharma sector, it bought 7,937 shares of Marksans Pharma and 5,444 shares of Ranbaxy. The fund reduced its exposure in the chemical sector by selling 11,52,382 shares of United Phosphorus. In the steel sector, the fund sold 2,499,324 shares of Welspun-Gujarat Stahl Rohren, 1,359,733 shares of steel authority of India and 1,049,847 shares of Tata Steel .

The fund sold 238,174 shares of Tata Motors, 111,430 shares of Maruti Udyog and and 71,434 shares of Mahindra and Mahindra. However, it bought 7,28,285 shares of Ashok Leyland in the auto sector. In the cement sector, 3,677,603 shares of Ambuja cement, and 1,852,332 shares of Mysore cement were sold. The assets under management of the SBI Mutual Fund advanced to Rs 183.38 billion as at April end compared with Rs 168.07 billion in the previous month.