Kotak Mahindra buys engg, IT; sells oil, utilities

Kotak Mahindra Asset Management Company increased its exposure to engineering & capital goods, food & beverages and information technology space. However, it slashed its exposure to oil & gas, utilities and telecommunication sectors.

Apollo Tyres, Exide Industries and ITC were the top buys, while GMR Infrastructure, NTPC and Federal Bank were the top sells.

The analysis of the Kotak Mahindra Asset Management fund for the month of June 2009 showed that in the engineering & capital goods space it bought Larsen and Toubro, Punj Lloyd, Suzlon Energy and introduced Sadbhav Engineering. However, it exited Siemens and sold Mundra Port, ABG Infralogistics and BGR Energy Systems. (View - All Bulk Deals by Mutual Funds)

In the food & beverages pack, it purchased Shree Renuka Sugars, GlaxoSmithKline Consumer Healthcare, United Spirits and introduced Tata Tea. But it sold Bajaj Hindusthan.

The fund bought Infosys Technologies, Educomp Solutions and introduced Nucleus Software, Patni Computer Systems in the information technology space, while it exited Allied Digital Services and sold Mphasis.

In the oil & gas segment, it exited Chennai Petroleum Corporation and sold Reliance Industries, ONGC, BPCL. However, it bought HPCL and Cairn India. (Check out - Which sectors are attracting Fund Managers?)

In the utilities space, it sold NTPC, CESC, Power Grid and purchased Tata Power Company and Reliance Infrastructure.

The fund sold Bharti Airtel, Idea Cellular and Reliance Communications in the telecommunication sector.

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

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