NAV as on 18 May 2010: Rs. 36.40 This is a fund that I like the most in banking sector. Reliance Banking Fund is another good fund that has performed equally well or perhaps partially better but the current portfolio of UTI banking fund appears attractive to me. AMC UTI Asset Management Co. Ltd....
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UTI BANKING SECTOR FUND
Sell Reliance Industries Ltd.
Target price Rs815.00 CM Price Rs982.00 Tempering E&P expectations We reduce our expectations on volumes and profitability of KG-D6 oil/gas and, thus, marginally lower our net profit estimates for RIL despite some upside to its refining and petrochemical margins. Net debt has also remained well above our estimates despite lower capex. We maintain Sell,...