DSP BlackRock Mutual Fund has decreased its investments from oil & gas, consumer non-durables and media & entertainment space, while enhanced its exposure in banking & financial services, food & beverages and cement & construction.
A study of the DSP BlackRock Mutual Fund portfolio for the month of October 2012 showed that in the oil & gas space, the fund sold Reliance Industries, GAIL India, BPCL and exited from HPCL. However, it bought Cairn India, ONGC and Oil India from the same space.
In the consumer non-durables segment, it sold Hindustan Unilever, Bata India and Marico, while it bought Godrej Industries and Colgate Palmolive (India) in the same space.
The fund sold Dish TV, Zee Entertainment Enterprises, Hathway Cable & Datacom and exited from Sun TV Network in the media & entertainment space, however it introduced TV18 Broadcast. (View - All Bulk Deals by Mutual Funds).
In the banking & financial services space, the fund bought ICICI Bank, Axis Bank, State Bank of India and introduced Jammu and Kashmir Bank. While, it sold HDFC Bank, Kotak Mahindra Bank, Bajaj Finserv and exited from Punjab National Bank.
The fund purchased United Spirits, United Breweries, EID Parry (India) and introduced Balrampur Chini Mills in the food & beverages space. However, it sold Tata Global Beverage, Nestle India and exited from GlaxoSmithKline Consumer Healthcare and Britannia Industries. (Check out - Which sectors are attracting Fund Managers?)
In the cement & construction pack, the fund bought Shree Cements, Jaiprakash Associates, JK Lakshmi Cement and introduced Jaypee Infratech and Somany Ceramics. While, it sold IVRCL, Kajaria Ceramics, IRB Infra and exited from ACC from the same pack.
Table of Stocks bought/ sold by DSP BlackRock Mutual Funds...contd on Page 2
For more Mutual Fund Action in Market click here
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