Kotak Mahindra Mutual Fund has increased its exposure in automotive, utilities and consumer non-durables. However, it slashed its exposure in banking & financial services, telecommunication and engineering & capital goods sector.
Kotak Mahindra Mutual Fund has increased its exposure in automotive, utilities and consumer non-durables. However, it slashed its exposure in banking & financial services, telecommunication and engineering & capital goods sector.
The study of Kotak Mahindra Mutual Fund for the month of October 2011 showed that in the automotive sector, the fund introduced Mahindra and Mahindra, Hero Motocorp and Goodyear India. It also bought Bajaj Auto, Maruti Suzuki India and Apollo Tyres. However, it exited Tata Motors (DVR) and sold Exide Industries in the same space.
In the utilities segment, it purchased Power Grid Corporation and Tata Power Company. (View - All Bulk Deals by Mutual Funds).
The fund bought Hindustan Unilever, Bata India and Gillette India in the consumer non-durables pack. It also introduced Godrej Industries.
In the banking & financial services space, it sold HDFC Bank, Housing Development Finance Corporation, Union Bank of India and Power Finance Corporation. It also exited Punjab National Bank. But it purchased YES Bank, IndusInd Bank, Bank of Baroda and Jammu and Kashmir Bank in the same space.
In the engineering & capital goods sector, it sold Larsen and Toubro, Grindwell Norton and Bharat Heavy Electricals. It purchased Texmaco Rail, KEC International and introduced ABB.
Table of Stocks bought/ sold by Kotak Mahindra Mutual Fund...contd on Page 2
