DSP BlackRock MF sells banking, auto; buys IT, telecom

DSP BlackRock Mutual Fund has decreased its weightage in banking & financial services, automotive and food & beverages, while enhanced its exposure in oil & gas, information technology and telecommunication space.
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Home » News » Mutual Funds » MF Analysis

Feb 05, 2013, 04.00 PM | Source: Moneycontrol.com

DSP BlackRock MF sells banking, auto; buys IT, telecom

DSP BlackRock Mutual Fund has decreased its weightage in banking & financial services, automotive and food & beverages, while enhanced its exposure in oil & gas, information technology and telecommunication space.

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DSP BlackRock MF sells banking, auto; buys IT, telecom

DSP BlackRock Mutual Fund has decreased its weightage in banking & financial services, automotive and food & beverages, while enhanced its exposure in oil & gas, information technology and telecommunication space.

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DSP BlackRock MF sells banking, auto; buys IT, telecom
DSP BlackRock Mutual Fund has decreased its weightage in banking & financial services, automotive and food & beverages, while enhanced its exposure in oil & gas, information technology and telecommunication space.

Lanco Infratech, Manappuram Finance and Zee Entertainment were the top sells, while Jaiprakash Associates, Power Finance Corporation and Adani Ports were the top buys.

A study of the DSP BlackRock Mutual Fund portfolio for the month of January 2013 showed that in the banking & financial services sector it sold HDFC Bank, M&M Financial Services, IndusInd Bank and Bank Of Baroda. The fund also exited Kotak Mahindra Bank, GRUH Finance, Manappuram Finance and PTC India Financial Services. However, it purchased Power Finance Corporation, ICICI Bank, Axis Bank and introduced Indian Bank in the same sector.

It sold Maruti Suzuki, Bajaj Auto, Bosch and exited Apollo Tyres and Tata Motors in the automotive pack, while it bought Tata Motors (DVR) and Eicher Motors. (View - All Bulk Deals by Mutual Funds).

In the food & beverages pack, the fund sold United Spirits, United Breweries, EID Parry (India) and Tata Global Beverage.

In the oil & gas segment it bought BPCL, Reliance Industries, Gail India and introduced HPCL and Cairn India. However, it sold Oil India, Petronet LNG and exited Shiv Vani Oil & Gas Exploration Services.

The fund purchased Wipro, Tech Mahindra and Mahindra Satyam in the information technology space. It also introduced Polaris Financial Technology in the same space. However, it sold Infosys and Oracle Financial Services Software. (Check out - Which sectors are attracting Fund Managers?)

It the telecommunication sector it bought Bharti Airtel, Idea Cellular and Tata Communication.

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

 For more Mutual Fund Action in Market click here

Q SEBI Regulations for Mutual Funds was formulated in:
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