DSP BlackRock MF picks bank, cement, metals; sells oil&gas

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DSP BlackRock Mutual Fund has increased its weightage in banking & financial services, cement & construction and metals & mining space. However, it decreased its investments in oil & gas, telecommunication and pharmaceuticals sector.

Hindalco Industries, IRB Infrastructure Dev and Jaiprakash Associates were the top buys by the fund, while Tata Motors, Chambal Fertilisers and SpiceJet were the top sells.

A study of the scheme for the month of October 2011 shows that in the banking & financial services space, the fund bought Kotak Mahindra Bank, Axis Bank and ICICI Bank. It also introduced Allahabad Bank and Bank Of India. However, it sold HDFC Bank, SBI and HDFC.

It purchased IRB Infrastructure Developers, Jaiprakash Associates and Ambuja Cements in the cement & construction segment. It sold NCC, ILandFS Transportation Networks and Ashoka Buildcon in the same space. (View - All Bulk Deals by Mutual Funds).

In the metals & mining space, the fund bought Hindalco Industries, Jindal Steel, NMDC and SAIL, while it sold Coal India, Sterlite Industries and Monnet Ispat.

The fund sold HPCL, ONGC, IOC and Oil India in the oil & gas sector. However, it purchased Reliance Industries, Indraprastha Gas and BPCL.

In the telecommunication space, it sold Bharti Airtel, Siemens and Idea Cellular. (Check out - Which sectors are attracting Fund Managers?).

In the pharmaceuticals pack, the fund sold Dr Reddys Laboratories, Lupin and Cadila Healthcare, while it bought Cipla, Sun Pharma and Unichem Laboratories. Also it introduced Wockhardt in the same space.

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

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