India s biggest money manager shuffled allocations within the PSU pack in March
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SAIL shares have been in heavy demand recently, as steel companies hiked prices on the back of a rise in commodity prices and heightened demand. In the last one year, the scrip has gained 235 per cent. Some analysts say it is too late for an investor to get into metals.
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SBI MF also bought 10-23 lakh shares of Gujarat State Petronet, SBI Cards and Payment Services, Vedanta, Muthoot Finance, Tata Power Company and AIA Engineering during the month.
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NEW DELHI: The buy-sell data of SBI Mutual Fund for March shows a shift in portfolio allocation to one quarter of public sector companies from another amid a cyclical shift in the economy.