DSPML TIGER Fund - Regular Plan has increased exposure to cement and telecom sectors while reduced to services and banking sectors. (View - What is DSPML TIGER Fund buying / selling?)

The scheme has augmented investment in cement sector as it made fresh investment in recently listed and biggest real estate player, DLF for 6.52 lakh shares. It also freshly added 5 lakh shares of India Cements and 1 lakh shares of ACC. It further bought 3.8 lakh shares of Nagarjuna Constructions and 3.23 lakh shares of Lanco Infra.

In the telecom space, it has introduced Idea Cellular with 2.49 lakh shares and newly listed Spice Comm with 24.36 lakh shares. It also bought 2.01 lakh shares of telecom major, Bharti Airtel. On the other hand, it sold 1.32 lakh shares of Reliance Communications.

Media sector has seen mixed trend, as it made fresh purchases of 5.83 lakh shares of HT Media and increased investment in Zee Entertainment with 3.49 lakh shares. However, the scheme has exited Wire & Wireless and Dish TV.

Buying was seen in oil sector. It made fresh investment in IOC for 4.16 lakh shares. In the conglomerate sector, the scheme has bought 2.3 lakh shares of Century Textiles.

Power cable sector was also seen some buying, wherein it purchased 2.56 lakh shares of KEI Industries and in the logistic sector, bought 2.18 lakh shares of Gateways Distriparks.

On the other side, DSPML TIGER Fund has made selling in metals sector, it sold 2.37 lakh shares of Jindal Saw.

Utilities sector has witnessed some mixed trend, as it exited CESC and sold 2.06 lakh shares of Reliance Energy while bought 1.97 lakh shares of NTPC and 14.76 lakh shares of Jaiprakash Hydro.

Mixed trend was also seen in banking sector, wherein the scheme exited IDBI and offloaded 1.89 lakh shares of HDFC Bank & 1.25 lakh shares of HDFC. However, it made fresh investment in Centurion Bank of Punjab for 51.54 lakh shares and purchased 1.06 lakh shares of largest Indian bank, SBI.

In the engineering sector, it exited BEML while bought 2.01 lakh shares of Crompton Greaves. It exit services sector stock Great Offshore.

In the manufacturing sector, the scheme offloaded entire stake in Sangam India and 1.35 lakh shares of Pantaloon Retail. Telecom equipment sector has also seen some selling, as it exited ITI.
 
Reliance Industries, Bharti Airtel and Jaiprakash Associates were the top stocks held by the scheme in July. Engineering (16.96%), Cement (13.78%) and Banking (13.57%) were the top invested sectors in the scheme's portfolio. (Check out - Top stocks held by DSPML TIGER Fund).

The cash exposure of the scheme has increased from 4.68% to 8.62%. The total assets managed by the scheme were of Rs 1,966 crore as on July 31, 2007.
 
Over the last one-year, DSPML TIGER Fund has yielded 61.1% returns as against 38.81% yielded by its benchmark BSE 100 as on August 7, 2007.