Wednesday, February 18, 2009

>What's In What's Out (RELIGARE)


In January 09 AUM rose by 9.4% to Rs.461698 Cr. Top 3 gainers are LIC, IDFC and Deutsche Mutual Fund with increase in corpus of 30%, 28% & 18% respectively. On the other side Edelweiss MF AUM fell highest by around 58% followed by Bharti AXA 24% & Benchmark 16%. Religare MF also came under top 10 fund houses with higher monthly increase in AUMs
MFs have sold shares of Satyam Computer Services Ltd, Infrastructurs Development Finance Company and GVK Power & Infrastructure Ltd. Shares of Satyam were held by 17 AMC's where as Infrastructure Development Finance Company by 3 AMC's and GVK Power by 2 AMC's.
MF looked bullish on Balrampur Chini Mills Ltd as it has attracted investments by 5 AMC's. MFs also invested heavily in Corporation Bank which is held by 5 AMC's. 3 MF's have also purchased more number of shares of Power Grid Corporationof India Ltd.
MF's continued to hold earlier popular largecap stocks like Reliance Industries Ltd, ICICI Bank Ltd, State Bank of India, Bharti Airtel Ltd, Larsen & Toubro Ltd. 108 MF schemes hold more than 5% of scheme corpus in Reliance Industries Ltd.

To see full report: What's In....