Feb 12, 2013, 02.27 PM IST

HDFC MF buys IT, oil & gas; sells engineering, auto

HDFC Mutual Fund has enhanced its exposure in information technology, oil & gas and chemicals. However, it slashed its investments in engineering & capital goods, food & beverages and automotive.

Source: Moneycontrol.com
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HDFC Mutual Fund has enhanced its exposure in information technology, oil & gas and chemicals. However, it slashed its investments in engineering & capital goods, food & beverages and automotive.


Gujarat State Fertilizers, Adani Ports and Pidilite Industries were the top buys by the fund, while NHPC, Jaiprakash Associates and Zee Entertainment were the top sells.


A study of the scheme for the month of January 2013 shows that in the information technology sector the fund purchased Infosys, TCS and NIIT Technologies, while it sold eClerx Services, Wipro and OnMobile Global.


In the oil & gas space it bought Oil India, BPCL and ONGC. However, it sold Reliance Industries, Petronet LNG and Gujarat State Petronet in the same space. (View - All Bulk Deals by Mutual Funds).


The fund bought Gujarat State Fertilizers, Pidilite Industries, Solar Industries and introduced Zuari Agro Chemicals in the chemicals space. But it sold Tata Chemicals.


In the engineering & capital goods segment, the fund sold JP Associates, L&T and Punj Lloyd, while it purchased Adani Ports, BHEL and Sanghvi Movers in the same space.


The fund sold United Spirits, GlaxoSmithKline Consumer Healthcare and Britannia Industries in the food & beverages pack. (Check out - Which sectors are attracting Fund Managers?).


In the automotive sector it sold Exide Industries, Motherson Sumi and M&M, while purchased Amara Raja Batteries and Maruti Suzuki India.


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


 


For more Mutual Fund Action in Market click here


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