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Sep 13, 2011, 04.15 PM IST
Kotak Mahindra Mutual Fund has increased its weightage in oil & gas, engineering & capital goods and consumer non-durables. However, it slashed its exposure in information technology, pharmaceuticals and food & beverages sector.
Chambal Fertilisers, Jindal Steel & Power and Hindustan Unilever were top buys, while Power Grid, Ballarpur Industries and Aurobindo Pharma were top sells by the fund. The study of Kotak Mahindra Mutual Fund for the month of August 2011 showed that in the oil & gas segment, the fund bought Reliance Industries, ONGC and Oil India. However, it sold Chennai Petroleum Corporation and exited Petronet LNG. In the engineering & capital goods space, it introduced Havells India and purchased BHEL, L&T and SKF India. But it sold Crompton Greaves, Alstom Projects and Cummins India. (View - All Bulk Deals by Mutual Funds). The fund bought HUL, Gillette India and introduced Marico in the consumer non-durables pack, while it sold Godrej Consumer Products and Dabur India in the same pack. In the information technology sector, the fund sold Wipro, TCS and Oracle Financial Services. However, it purchased HCL Technologies, Persistent Systems and Redington (India). It sold Aurobindo Pharma, Stride Arcolab and Dr Reddys Laboratories in the pharmaceuticals space, but it purchased Divis Laboratories and Sun Pharmaceutical Industries. It also introduced Biocon in the same space. (Check out - Which sectors are attracting Fund Managers?) In the food & beverages pack, it sold Britannia Industries, GlaxoSmithKline Consumer Healthcare, EID Parry and exited Tata Global Beverage. 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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