Jayaswal Neco, I'bulls Real, Rel Power: Reliance Capital

Reliance Capital Asset Management increased its investments in utilities, banking & financial services and real estate. However, it pared its exposure to oil & gas and engineering & capital goods and information technology.

Jayaswal Neco Industries, Indiabulls Real Estate and Reliance Power were the top buys, while 3i Infotech, Zee News and Texmaco were the top sells.

A study of the equity portfolio managed by the Reliance Capital Asset Management for the month of April 2010 showed that in the utilities pack, it introduced Reliance Power and bought Reliance Infrastructure and Adani Power. However, it sold NTPC. (View - All Bulk Deals by Mutual Funds).

In the banking & financial services segment, the fund purchased HDFC Bank, SBI and Bajaj Auto Finance. But it sold Andhra Bank, Yes Bank and Rural Electrification Corporation.

It introduced Indiabulls Real Estate, Marg and bought Trent in the real estate space. While it sold Sobha Developers, DB Realty and DLF. (Check out - Which sectors are attracting Fund Managers?)

The fund sold Reliance Industries, ONGC and Cairn India in the oil & gas space. However, it bought IOC and GAIL India.

In the engineering & capital goods segment, it sold Texmaco, ABB and Punj Lloyd. It exited BHEL and FAG Bearings India. However, it purchased Greaves Cotton, Cummins India and introduced Voltamp Transformers.

In the information technology pack, it exited Infotech Enterprises and sold 3i Infotech, Infosys Technologies and TCS. But it bought HCL Technologies, Sasken Communication and Mphasis.