DSP-ML TIGER bets on telecom, chemical, pharma

DSP-ML T.I.G.E.R augemented its weightage to telecom, chemical, pharma, while pared its exposure to cement, banking and services sectors. (Complete List - What is DSP-ML T.I.G.E.R. Fund buying/selling?)

The analysis of the scheme for June 2008 shows that in the telecom pack, it bought  Relaince Communication, Bharti Airtel and sold Idea Cellular. It introduced Reliance Petro and Tata Chemical in the chemical space. In pharma sector, it purchased Pfizer, Astrazenca Pharma and introduced GSK Pharma.

In the cement & construction segment, it bought Jaiprakash Associates, HCC, India Cements, Nagarjuna Construction, Mahindra Life, Consolidated Construction, Gammon India, Madhucon Project, but sold IVRCL Infra.

It purchased IDFC, Rural Electrification, HDFC, Indiabulls Securities, Reliance Capital in the banking & finance space. However, it sold SBI and Axis Bank. In the service sector, it bought Great Offshore, Mercator Lines and Great Eastern Shipping. Though there was buying in the service sector, weightage to the sector was down due to the fall in the prices of the stocks held by the scheme.

Reliance, Larsen and BHEL were the top stocks held by the scheme in June. Engineering (15.13%), Oil (13.95%) and Banking (11.63%), were the top invested sectors in the scheme's portfolio. (Check out - Top stocks held by DSP-ML India TIGER Fund).

The equity exposure of the scheme has dropped from 84.65% to 83.75%. The total assets managed by the scheme were of Rs 3613.29 crore as on June 30, 2008.
 
Over the last one-year, DSP-ML India TIGER Fund has yielded -10.5% returns as against -7.82% yielded by its benchmark BSE 200 as on July 9, 2008.

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