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HDFC MF dumps oil & gas, banks

Published on Tue, Jun 14, 2011 at 16:15 | Source : Moneycontrol.com

Updated at Tue, Jun 14, 2011 at 16:54

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HDFC Mutual Fund has increased its weightage in the Pharmaceuticals, Tobacco and Cement & Construction sectors, while slashed its exposure in the Oil & Gas, Banking & Financial Services and Miscellaneous space.

Jaiprakash Associates,ITC and NTPC were the top buys, while NCC Blue Water Products, ONGC and Dabur India were the top sells.

A study of the HDFC Mutual Fund portfolio for the month of May 2011 showed that in the Pharmaceuticals space, the fund purchased Cipla, Divis Labs and Aurobindo Pharma. However, it sold Dr Reddys Labs. (View - All Bulk Deals by Mutual Funds)

In the Tobacco segment, it bought ITC. It bought Jaiprakash Associates, Birla Corporation, Sadbhav Engineering and KNR Constructions in the Cement & Construction sector. The fund introduced NCC in the space.

The selling was seen in the Oil & Gas pack, where it sold ONGC, GAIL, BPCL and Oil India. However, it bought Reliance Industries and IOC.

In the Banking & Financial Services sector, the fund sold State Bank of India, Bank Of Baroda, ICICI Bank and HDFC. But it purchased LIC Housing Finance, Power Finance Corporation and Axis Bank. (Check out - Which sectors are attracting Fund Managers?)

The fund exited from NCC Blue Water Products, Vimta Labs and Jubilant Foodworks in the Miscellaneous space. It sold Titan Industries and Tube Investments of India in the space. However, it bought Info Edge India and introduced Agro Tech Foods in it.

Table of Stocks bought/ sold by Franklin Templeton Asset Management ...contd on Page 2

For more Mutual Fund Action in Market click here

Note - The number of shares has been calculated based on the closing price of the stocks on the BSE/NSE as on the portfolio date for Apr-May 2011.

Stock	Shares Bought	Stock	Shares Sold
Jaiprakash Associates	11,142,067	NCC Blue Water Products	10,232,219
ITC	10,273,670	ONGC	7,596,291
NTPC	5,935,581	Dabur India	6,284,420
NCC	5,040,286	Punj Lloyd	5,826,028
Aurobindo Pharma	4,225,451	Motherson Sumi Systems	999,645
Steel Authority of India	3,956,015	Coromandel International	909,179
LIC Housing Finance	3,270,230	Pidilite Industries	750,000
Time Technoplast	2,978,991	Shanthi Gears	584,742
Cipla	2,263,725	Amtek Auto	500,000
Sundram Fasteners	1,843,918	GAIL India	399,577
Power Finance Corpn.	1,725,886	Titan Industries	362,403
Jaiprakash Power	1,668,156	Amara Raja Batteries	354,000
Supreme Industries	1,259,527	Britannia Industries	313,945
Tata Motors (DVR)	1,110,538	BPCL	277,878
Bharti Airtel	1,094,063	Larsen and Toubro	270,228
Sterlite Industries (India)	893,610	Jet Airways	245,735
State Bank of India	842,448	Castrol India	200,000
Reliance Industries	837,318	Jubilant Foodworks	175,000
Crompton Greaves	727,841	Indo Rama Synthetics	158,089
JBF Industries	658,153	Lupin	156,965
Indian Oil Corporation	643,388	Bata India	108,593
Divis Laboratories	528,600	Thermax	100,000
Power Grid Corporation	516,846	Voltas	90,000
Tata Chemicals	516,651	Asian Paints	87,819
Tata Power Company	426,644	Vimta Labs	80,015
Axis Bank	396,134	Sun Pharmaceutical	77,520
Birla Corporation	347,855	Nestle India	65,000
Oil India	324,764	3M India	49,692
Punjab National Bank	260,127	GlaxoSmithKline Consumer	40,000
ISMT	199,365	Elgi Equipments	7,499
Bank Of Baroda	189,700	Siemens	1,811
Info Edge India	176,403
Bharat Heavy Electricals	151,168
Oracle Financial Services	146,121
Raymond	133,524
eClerx Services	123,216
Agro Tech Foods	120,000
ICICI Bank	117,951
Torrent Pharmaceuticals	110,576
Mcleod Russel (India)	100,000
Tamil Nadu Newsprint	100,000
Elecon Engineering Co.	85,000
TTK Prestige	72,589
Infosys Technologies	53,364
Carborundum Universal	46,009
Titagarh Wagons	43,864
Manugraph Industries	35,944
Grindwell Norton	33,219
KEC International	22,394
Sadbhav Engineering	11,011
Tube Investments of India	10,282
Hindalco Industries	9,218
HDFC	9,079
Hindustan Unilever	7,418
NRB Bearings	5,409
Reliance Communications	4,933
KNR Constructions	4,625
Tata Steel	4,613
Wipro	4,136
Tata Consultancy	3,980
Mahindra and Mahindra	3,385
Jindal Steel & Power	2,874
DLF	2,873
Tata Motors	2,573
HDFC Bank	2,557
MM Forgings	2,175
Clariant Chemicals India	2,144
FAG Bearings India	1,454
Reliance Infrastructure	1,007
Bajaj Auto	992
Maruti Suzuki India	989
IDFC	909
Ambuja Cements	775
Hero Honda Motors	685
Reliance Power	517
Cairn India	453
Sesa Goa	353
Kotak Mahindra Bank	333
HCL Technologies	226
Ranbaxy Laboratories	145
Dr Reddys Laboratories	119
Reliance Capital	107
ACC	94
Grasim Industries	61