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Sep 13, 2005, 05.50 PM IST
Birla Dividend Yield Plus pared exposure to the banking sector, but stepped up exposure to pharma, metal and FMCG sectors.
Birla Dividend Yield Plus pared exposure to the banking sector as it sold Union Bank, Vijaya Bank, Indian Overseas Bank, Andhra Bank, and exited IndusInd Bank in August. Exposure to pharma, metal and FMCG sectors however, was stepped up.
It also exited ICI India. Syndicate Bank, Tisco, and Wyeth were among the other top stocks bought, while Ashok Leyland, Castrol India, and Carborundum Universal topped its sell list. (See the complete list - What is Birla Dividend Yield Plus buying/selling?)
Hero Honda, Alfa Laval and Hindustan Lever are the top stocks held by the scheme in August. Banking (14.9%), Engineering (14.3%) and FMCG (12.8%) were the top invested sectors in the scheme's portfolio. (Check out - Top stocks held by Birla Dividend Yield Plus).
Over the last one year, Birla Dividend Yield Plus has yielded 58.4% returns as against 55.6% yielded by its benchmark CNX 500 as on Sep 12, 2005.
Tags: Birla Dividend Yield Plus, ICI India, Syndicate Bank, Tisco, Wyeth, Union Bank, Vijaya Bank, Indian Overseas Bank, Andhra Bank, IndusInd Bank
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