The Unit Trust of India (UTI) booked profits in blue-chip stocks during the quarter ended March 2003.
A study of the equity portfolio of the 45 schemes of UTI-I and II (excluding the Unit-64 scheme) shows that the mutual fund giant sold 18.22 million shares between January and March 2003.
The equity portfolio of the 45 schemes reveals that UTI decreased its holding in 132 stocks while the mutual fund increased the stake in 72 stocks. The holding in 212 stocks remained unchanged at December 2002 levels.
The blue-chip stocks that UTI sold include Reliance Industries, Hindustan Lever, Bharat Heavy Electricals, ABB, National Aluminium, Grasim, Mahanagar Telephone Nigam, Dr Reddy
