Date:15/03/2005 URL: http://www.thehindubusinessline.com/2005/03/15/stories/2005031502781300.htm

Back 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.