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Jun 13, 2012, 02.28 PM IST
DSP BlackRock Mutual Fund has increased its weightage in information technology, pharmaceuticals and food & beverages space. However, it decreased its investments in banking & financial services, cement & construction and automotive.
Dish TV, Tata Motors (DVR) and ONGC were the top buys by the fund, while GMR Infrastructure, GVK Power & Infra and Jaiprakash Associates were the top sells. A study of the scheme for the month of May 2012 shows that in the Information Technology space, the fund bought Tata Consultancy Services, HCL Technologies and KPIT Cummins Infosystems. However, it sold Financial Technologies, Redington (India) and Career Point. It purchased Glenmark Pharma, Lupin, Dr Reddys Laboratories and introduced Claris Lifesciences in the pharmaceuticals segment. However, it sold Fresenius Kabi Oncology, Cipla and AstraZeneca Pharma in the same space. (View - All Bulk Deals by Mutual Funds). In the food & beverages space, the fund bought Nestle India and EID Parry (India). The fund sold State Bank of India, HDFC and IDFC in the banking & financial services sector and exited from Axis Bank and Dewan Housing Finance Corporation. However, it bought Kotak Mahindra Bank, IndusInd Bank and ICICI Bank in the same sector. In the cement & construction space, it sold Jaiprakash Associates, GMR Infrastructure and Ambuja Cements, while it purchased Ashoka Buildcon and JMC Projects. (Check out - Which sectors are attracting Fund Managers?). In the automotive pack, the fund sold Tata Motors, Bajaj Auto and Apollo Tyres. It also exited from Mahindra and Mahindra and Rane Madras. However, it bought Maruti Suzuki India and introduced Exide Industries in the same pack.
Table of Stocks bought/ sold by DSP Balck Rock Mutual Funds...contd on Page 2 For more Mutual Fund Action in Market click here
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