May 11, 2012 11:12 AM IST | Source:

Kotak Mahindra MF buys GSPL, ONGC; sells PFC, Dish TV

Kotak Mahindra Mutual Fund has enhanced its exposure in banking & financial services, automotive and tobacco. However, it decreased its weightage in information technology, chemicals and manufacturing.

Kotak Mahindra Mutual Fund has enhanced its exposure in banking & financial services, automotive and tobacco. However, it decreased its weightage in information technology, chemicals and manufacturing.

Ashok Leyland, Gujarat State Petronet and ONGC were top buys, while Power Finance Corporation, United Phosphorous and Dish TV were top sells by the fund.

The study of Kotak Mahindra Mutual Fund for the month of April 2012 showed that in the banking & financial services, the fund bought ICICI Bank, HDFC Bank and Punjab National Bank, while it sold State Bank of India, Canara Bank, Jammu and Kashmir Bank and exited from Power Finance Corporation.

In the automotive space, it purchased Mahindra and Mahindra, Hero Motocorp, Tata Motors (DVR) and introduced Ashok Leyland. However, it sold Apollo Tyres from the same space. (View - All Bulk Deals by Mutual Funds).

In tobacco pack, it purchased ITC.

On the selling side, the fund sold Tata Consultancy Services, Wipro and Infosys from the information technology sector. However, it introduced MT Educare in the same space. (Check out - Which sectors are attracting Fund Managers?).

In the chemicals space, it sold United Phosphorous, Tata Chemicals and Clariant Chemicals India. It also exited from Asian Paints. However, it bought Solar Industries India in the same space.

In the manufacturing sector, the fund sold Raymond, Max India, Supreme Industries and Aditya Birla Nuvo, while it bought Arvind and Zodiac Clothing Company from the same space.

Table of Stocks bought/ sold by Kotak Mahindra Mutual Funds...contd on Page 2

 For more Mutual Fund Action in Market click here


Note - The number of shares has been calculated based on the closing price of the stocks on the BSE/NSE as on the portfolio date for March-April 2012.

Company NameShares boughtStockShares sold
Ashok Leyland2,082,330Power Finance Corporation985,000
Gujarat State Petronet1,704,800United Phosphorous479,665
ONGC600,000Dish TV391,955
Tata Power Company594,184Tata Consultancy Services380,938
Exide Industries511,686Wipro346,280
ICICI Bank410,000Bharat Heavy Electricals250,000
Tata Motors (DVR)362,500Max India246,217
IRB Infrastructure Dev.350,000Reliance Industries208,643
ITC343,287Cairn India169,883
Cipla308,904West Coast Paper Mills163,072
Sterlite Industries (India)300,000Marico147,479
Mahindra and Mahindra225,000Bharti Airtel139,155
Punjab National Bank184,000Lupin130,000
IDFC175,000Apollo Tyres120,000
Yes Bank166,100Raymond113,159
HDFC Bank145,000Adani Ports and Special100,000
Century Textiles134,592Alstom Projects86,234
Navneet Publications132,510Supreme Industries81,150
Bank Of Baroda126,500Tata Chemicals80,000
Motherson Sumi Systems120,094Strides Arcolab76,912
Pantaloon Retail120,000State Bank of India73,500
Whirlpool of India.116,800NTPC69,096
HPCL110,000Divis Laboratories59,470
Ambuja Cements100,000Tata Motors50,000
Sun TV Network98,824HT Media50,000
MT Educare82,458IndusInd Bank39,771
Corporation Bank66,882ILandFS Transportation35,501
EID Parry (India)62,329Hathway Cable 31,139
Texmaco Rail and Engin.60,513United Spirits25,000
Union Bank of India56,403Hindustan Unilever25,000
Arvind55,020Ipca Laboratories24,755
National Buildings Const.50,972Natco Pharma21,405
Allahabad Bank44,380Asian Paints20,000
Infosys35,140Canara Bank20,000
Hero Motocorp35,000Bata India15,000
Bajaj Auto35,000Larsen and Toubro15,000
Graphite India34,794Jammu and Kashmir Bank14,529
SKF India30,431Torrent Pharmaceuticals12,288
ING Vysya Bank28,836Clariant Chemicals India10,734
Indian Bank27,710Aditya Birla Nuvo10,353
Crompton Greaves20,000Grasim Industries9,333
Zodiac Clothing Company15,518GlaxoSmithKline Consumer7,414
Federal Bank15,000Oil India6,320
Redington (India)12,674Dr Reddys Laboratories6,287
Emami12,298Oracle Financial Services3,027
Oriental Bank of Commerce5,652Gillette India826
Engineers India3,451
DB Corp2,156
Solar Industries India511

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