Bharti Airtel, Satyam Computer, ITC top picks: ICICI MF

ICICI Prudential Mutual Fund has increased exposure to Banking & Financial Services, Telecommunication and Utilities segments while reduced to Information Technology, Oil & Gas and Engineering & Capital Goods sectors. Bharti Airtel, Satyam Computer and ITC were top buys while Hindalco Industries, Cairn India and 3i Infotech were top sells.

A study of the equity portfolios managed by the ICICI Prudential Mutual Fund as on December 31 shows that in the Banking & Financial Services sector, it has bought shares of SBI, ICICI Bank, HDFC, Axis Bank and Corporation Bank.

Buying was also seen in telecommunication space, wherein it has purchased shares in huge quantity of Bharti Airtel and some shares of Reliance Communications. (View - All Bulk Deals by Mutual Funds)

In the utilities pack, it has raised some stake in Tata Power Company, CESC and NTPC.
 
The fund house has reduced exposure to Information Technology, Oil & Gas and Engineering & Capital Goods sectors.

In the Information Technology space, it has sold shares of Infosys Technologies, TCS and 3i Infotech, and exited Vakrangee Software and Nucleus Software while bought Satyam Computer. (Check out - Which sectors are attracting Fund Managers?)

The fund house also offloaded stake in Oil & Gas segment. It sold shares of Cairn India, Reliance Industries and Aban Offshore. However, it has bought ONGC.

ICICI Prudential Mutual Fund has reduced its investment in Engineering & Capital Goods pack, as it sold BHEL and Crompton Greaves, and exited KEC International. However, it bought Kalpataru Power and Suzlon Energy.

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

For more Mutual Fund Action in Market click here