Financial Daily from THE HINDU group of publications
Tuesday, Mar 15, 2005
Financial Daily from THE HINDU group of publications Tuesday, Mar 15, 2005 |
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Markets
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Mutual Funds IT, auto components dominate portfolio of Sundaram S.M.I.L.E. Our Bureau
Kolkata , March 14 THE recently launched Sundaram Small and Medium Indian Leading Equity Fund (S.M.I.L.E.) has started working up a fairly diversified collection of stocks, its maiden portfolio statement has suggested. IT consulting & services and auto components are the biggest two sectors in terms of allocation - about five per cent in each case. The fund, managed by Mr Anoop Bhaskar, has in its portfolio a number of relatively uncommon names, including Bimetal Bearings, Tricom India, Suprajit Engineering and Futura Polyesters. On the other hand, it also has large-cap outfits such as Reliance, ONGC, NTPC and BHEL. The fund had, by end-February, invested about 50 per cent of its corpus - spread over large-, mid- and small-cap stocks. "We would be overweight on the large as well as the larger mid-cap companies, as we feel the strong liquidity flows, especially from abroad, would be directed towards such stocks," the MF has observed.
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