 HDFC Top 200 buys ITC, ICICI Bank; exits i-flexPublished on Sat, Nov 11, 2006 at 12:43 | Source : Moneycontrol.com Updated at Mon, Nov 13, 2006 at 19:24 116529 Investors following Infosys. Share this News with them.
HDFC Top 200 Fund has increased its weightage to oil and gas sector as it bought 2 lakh shares of HPCL and 1 lakh shares each of BPCL and IOC. Some buying was also seen in Reliance Industries. (View - What is HDFC Top 200 Fund buying / selling?) In banking sector, the scheme purchased nearly 3.5 lakh shares of ICICI Bank. On the contrary, it sold 3 lakh shares of Oriental Bank of Commerce and exited Canara Bank. It also made purchases in metal sector as it introduced Hindustan Zinc. It increased weightage to Information Technology sector by buying TCS and Infosys Technologies. FMCG was another sector, where the scheme made huge purchases as it bought 4 lakh shares of ITC. However, HDFC Top 200 Fund sold 2.88 lakh shares of Gail and a lakh shares of United Phosphorous. It exited i-flex Solutions. Reliance, ONGC and Infosys were the top stocks held by the scheme in October. Oil & Gas (17.91%), Information Technology (14.13%) and Engineering (10.36%) were the top invested sectors in the scheme's portfolio. (Check out - Top stocks held by HDFC Top 200 Fund). The equity exposure of the scheme has increased from 94.65% to 96.31%. The total assets managed by the scheme were Rs 1,572 crore as on October 31, 2006.
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