HDFC MF sells banking, cement, metal, oil

HDFC Mutual Fund has reduced its investment in banking & financial services, cement & construction, metals & mining, FMCG and oil & gas space. However, the fund house augmented its exposure to engineering & capital goods, pharmaceuticals, and telecom. Punj Lloyd, Dabur India and HT Media were its top buys while ITC, Dishman Pharmaceuticals and Tata Steel topped its sell list.

A study of the equity portfolios managed by HDFC Mutual Fund as on June 30 shows that in the investment in banking & financial services, HDFC Bank, Shriram Transport Finance Corporation and State Bank of India were in the list of top sells.

In the cement & construction pack, Jaiprakash Associates was the top sold stock while Nagarjuna Construction and Maytas Infra topped the list of top buys.

In the metals & mining space, it has sold over 9 lakh shares of Tata Steel. Hindalco Industries was also in the list of top sells. (View - All Bulk Deals by Mutual Funds)

In the FMCG space, it has sold over 27 lakh shares of ITC. Nestle India and Blue Star topped the list of sells while Dabur India and Britannia Industries topped the list of buy.

In the oil & gas sector, it has reduced its position in ONGC and Reliance Industries. (Check out - Which sectors are attracting Fund Managers?) 

However, in the engineering & capital goods sector, Larsen and Toubro, Suzlon Energy and Siemens topped in the list of buys while Carborundum Universal, Punj Lloyd and Crompton Greaves topped the list of sells. It has made fresh investment to Engineers India.

In the pharmaceutical space, Dishman Pharmaceuticals & Chemicals, Divis Laboratories and Sun Pharmaceutical Industries were in the list of buys.

In the telecom pack, it has bought over 11 lakh shares of Bharti Airtel.

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

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