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Jun 07, 2012, 12.30 PM IST
Kotak Mahindra Mutual Fund has increased its weightage in banking & financial services, information technology and engineering & capital goods space. However, it decreased its weightage in tobacco, manufacturing and telecommunication.
The study of Kotak Mahindra Mutual Fund for the month of May 2012 showed that in the banking & financial services space, the fund bought SBI, ING Vysya Bank and LIC Housing Finance. It also introduced Axis Bank, Andhra Bank and Vijaya Bank in the same space. However, it sold HDFC, HDFC Bank and Bank of Baroda.
The fund purchased Infosys, MphasiS, Oracle Financial and introduced KPIT Cummins in the information technology pack. But it exit Redington (India) and sold Wipro and TCS. (View - All Bulk Deals by Mutual Funds).
In the engineering & capital goods sector, it bought BHEL, Engineers India and Graphite India, while it sold L&T and Adani Port. It also exited Alstom Projects and Gujarat Pipavav Port.
The selling was seen in tobacco, manufacturing and telecommunication sectors. The fund sold ITC and exited VST Industries, but it bought Godfrey Phillips India in the tobacco pack. (Check out - Which sectors are attracting Fund Managers?).
The fund sold Bharti Airtel in the telecommunication sector.
Table of Stocks bought/ sold by Kotak Mahindra Mutual Funds...contd on Page 2
For more Mutual Fund Action in Market click here
Tags: Kotak Mahindra Mutual Fund, GMR Infrastructure, Ashok Leyland, Bharat Heavy Electricals, ITC, Bharti Airtel, Jain Irrigation Systems
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