HDFC Top 200 drops bank, engg; buys IT, pharma

HDFC Top 200 Fund has dropped its exposure to banking, engineering and telecom. However, it increased its exposure to IT, pharma, auto, tobacco and metal. (View - What is HDFC Top 200 Fund buying / selling?)

In the banking space, it sold 3 lakh shares of Punjab National Bank and bought 1.5 lakh shares of ICICI Bank.

In the engineering pack, it sold Bharat Heavy Electricals and 10 lakh shares of Suzlon Energy. However, it purchased 2.3 lakh shares of Siemens.

In the telecom sector, it exited Reliance Communications and 1.41 lakh shares of Tata Communications.

In IT pack, it bought 3.5 lakh shares of Satyam Computer Services. In pharma pack it introduced Lupin and GlaxoSmithKline Pharmaceuticals. However, it sold 1.15 lakh shares of Cipla.

In auto sector, it introduced Tata Motors and bought 2 lakh shares Maruti Suzuki. However, it sold 3.5 lakh shares of Exide Industries.

In the tobacco pack, it bought 9 lakh shares ITC and in metal it bought 1.14 lakh shares of Tata Steel. In oil & gas space, it bought 1.35 lakh shares of ONGC.

Among transport companies, it introduced Container Corporation of India but exited manufacturing stock Bharat Electronics .

ICICI Bank, Reliance Industries and ITC were the top stocks held by the scheme in April. Banking (17.39%), Engineering (13.67) and Pharma (11.84%) were the top invested sectors in the scheme's portfolio. (Check out - Top stocks held by HDFC Top 200 Fund).

The equity exposure of the scheme has dropped from 98.25% to 96.95%. The total assets managed by the scheme were of Rs 2320.95 crore as on May 30, 2008.
 
Over the last one-year, HDFC Top 200 Fund has yielded 11.2% returns as against 9.55% yielded by its benchmark BSE 200 as on June 11, 2008.

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