SENSEX NIFTY
May 11, 2012, 11.12 AM IST | Source: Moneycontrol.com

Kotak Mahindra MF buys GSPL, ONGC; sells PFC, Dish TV

Kotak Mahindra Mutual Fund has enhanced its exposure in banking & financial services, automotive and tobacco. However, it decreased its weightage in information technology, chemicals and manufacturing.

Kotak Mahindra Mutual Fund has enhanced its exposure in banking & financial services, automotive and tobacco. However, it decreased its weightage in information technology, chemicals and manufacturing.

Ashok Leyland, Gujarat State Petronet and ONGC were top buys, while Power Finance Corporation, United Phosphorous and Dish TV were top sells by the fund.

The study of Kotak Mahindra Mutual Fund for the month of April 2012 showed that in the banking & financial services, the fund bought ICICI Bank, HDFC Bank and Punjab National Bank, while it sold State Bank of India, Canara Bank, Jammu and Kashmir Bank and exited from Power Finance Corporation.

In the automotive space, it purchased Mahindra and Mahindra, Hero Motocorp, Tata Motors (DVR) and introduced Ashok Leyland. However, it sold Apollo Tyres from the same space. (View - All Bulk Deals by Mutual Funds).

In tobacco pack, it purchased ITC.

On the selling side, the fund sold Tata Consultancy Services, Wipro and Infosys from the information technology sector. However, it introduced MT Educare in the same space. (Check out - Which sectors are attracting Fund Managers?).

In the chemicals space, it sold United Phosphorous, Tata Chemicals and Clariant Chemicals India. It also exited from Asian Paints. However, it bought Solar Industries India in the same space.

In the manufacturing sector, the fund sold Raymond, Max India, Supreme Industries and Aditya Birla Nuvo, while it bought Arvind and Zodiac Clothing Company from the same space.

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

 For more Mutual Fund Action in Market click here

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