HDFC Equity Fund buys engg, IT; sells metal

HDFC Equity Fund has made buying in engineering and IT space but sold metal and tobacco. (View - What HDFC Equity Fund buying / selling?)

In the engineering space, it bought L&T, 18 lakh shares of Punj Lloyd and 5 lakh shares of Crompton Greaves. In the technology pack, it purchased 2 lakh shares of Satyam Computer Services.

It also bought 3.40 lakh shares of Nagarjuna Construction, 1.60 lakh shares of HT Media, 1.51 lakh shares of Titan Industries and 1.50 lakh shares of ICICI Bank.

Selling was seen in metal pack as it sold 3.93 lakh share of Tata Steel. In tobacco space, it sold 20.25 lakh shares of ITC. In pharma pack, it sold 7.75 lakh shares if Dishman Pharmaceuticals & Chemicals.

ICICI Bank, Dr Reddy’s Labs and Divis Lab were the top stocks held by the scheme in June. Pharmaceuticals (19.02%), Banking (16.12%) and Engineering (15.14%) were the top invested sectors in the scheme's portfolio. (Check out - Top stocks held by HDFC Equity Fund).

The equity exposure of the scheme has decreased from 98.51% to 97.93. The total assets managed by the scheme were of Rs 3,397.07 crore as on June 30, 2008.
 
Over the last one-year, HDFC Equity Fund has yielded -16.8% returns as against -13.68% yielded by its benchmark S&P CNX 500 as on July 12, 2008.

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