CBoP, NTPC, PTC India top picks with ICICI Pru MF

ICICI Prudential Mutual Fund has increased its weightage to the banking & financial services, utilities, telecom and information technology stocks in the month of May. However, it slashed its exposure to engineering & capital goods, oil & gas, cement & construction and metals.

A study of equity portfolios of Prudential ICICI mutual fund for May shows that in the banking & financial services space, ICICI Bank, SREI Infrastructure Finance, Federal Bank and Housing Development Finance Corporation topped the list of buys while HDFC Bank, Punjab National Bank and Corporation Bank topped the list of sells. It has made fresh entry in Centurion Bank of Punjab and Axis Bank. (View - All Bulk Deals by Mutual Funds)

In the utilities pack, NTPC and Webel SL Energy Systems were in the list of top buys while Gujarat Industries Power, Reliance Infrastructure and Tata Power Company were in the list of top sells.

In the telecom sector, Bharti Airtel, Sterlite Technologies and Reliance Communications topped the list of buys.

In the Information Technology space, it increased its exposure to Geodesic Information Systems, 3i Infotech and Megasoft while it decreased its holding from HCL Infosystems, HCL Technologies and Satyam Computer Services.(Check out - Which sectors are attracting Fund Managers?)

ICICI Prudential Mutual Fund reduced its weightage to engineering & capital goods, oil & gas, cement & construction and metals. In the engineering & capital goods sector, Larsen and Toubro, Siemens and Mundra Port topped the list of sells while Crompton Greaves, Suzlon Energy and Kirloskar Oil Engines topped the list of buys.

In the oil & gas segment, Cairn India was top sold stock. It exited HPCL and IOC. ONGC was the top bought stock.

In the cement & construction sector, it has sold over 13.73 lakh shares Jaiprakash Associates. Ambuja Cements, Birla Corporation and Nagarjuna Construction were also in the list of top sells. It has exited Maytas Infra. ACC, Patel Engineering Company and Mahindra Lifespace Developers were in the list of top buys.

In the metal space, Usha Martin, Sterlite Industries and Adhunik Metaliks topped the list of sells while Steel Authority of India, Hindalco Industries and Kalyani Steels were the top buys.

Table of Stocks bought/ sold by ICICI Prudential Mutual Fund ...contd on Page 2

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