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Apr 07, 2012, 10.06 AM IST
Kotak Mahindra Mutual Fund has enhanced its exposure in tobacco, cement & construction and media & entertainment space, while slashed its exposure in pharmaceuticals, utilities and information technology space.
ITC, Exide Industries and Zee Entertainment were top buys, while United Phosphorous, HDFC Warrants and Tata Power Company were top sells by the fund. The study of Kotak Mahindra Mutual Fund for the month of March 2012 showed that in the tobacco pack, it introduced VST Industries and bought ITC. In the cement & construction space, it introduced Ambuja Cements, ACC and purchased India Cements and ILandFS Transportation Networks. However, it sold IRB Infrastructure Developers. (View - All Bulk Deals by Mutual Funds). The fund bought Sun TV Network, Zee Entertainment Enterprises and DB Corp in the media & entertainment segment. It also introduced Dish TV. But fund sold Hathway Cable and Hindustan Media Ventures in the same segment. The selling was seen in the pharmaceuticals, utilities and information technology sector. In the pharmaceuticals pack, it exited Biocon and sold Torrent Pharmaceuticals, Sun Pharmaceutical and Lupin. However, it bought Cipla, Dr Reddys Laboratories and Divis Laboratories. It also introduced Natco Pharma in the same pack. In the utilities space, it sold NTPC, Tata Power Company, Power Grid Corporation of India and CESC. (Check out - Which sectors are attracting Fund Managers?) The fund sold Infosys, Tata Consultancy Services and MphasiS in the information technology space, while purchased Oracle Financial Services Software. Table of Stocks bought/ sold by Kotak Mahindra Mutual Fund...contd on Page 2 For more Mutual Fund Action in Market click here
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