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Sep 08, 2012, 01.28 PM IST
Kotak Mahindra Mutual Fund has slashed its exposure in media & entertainment, tobacco and consumer non-durables space. However, it increased its weightage in oil & gas, banking & financial services and metals & mining.
The study of Kotak Mahindra Mutual Fund for the month of July 2012 showed that in the media & entertainment space, the fund sold DB Corp, Hathway Cable, Hindustan Media Ventures and also exited Sun TV Network. However, it bought Zee Entertainment Enterprises.
In the tobacco pack it sold ITC. In the consumer non-durables sector, it sold Hindustan Unilever, Dabur India and Bata India, while it introduced Godrej Industries and Colgate Palmolive (India). It also bought Gillette India. (View - All Bulk Deals by Mutual Funds).
The fund purchased Reliance Industries, ONGC and Cairn India in the oil & gas space. However, it sold Oil India, HPCL and Gujarat State Petronet.
In the banking & financial services segment, it introduced Kotak Mahindra Bank, Bank Of India, IDBI Bank and Syndicate Bank. The fund also bought HDFC, SBI and HDFC Bank. However, it sold PNB, Axis Bank and Bank of Baroda. (Check out - Which sectors are attracting Fund Managers?).
The fund bought Coal India, Hindalco Industries and Tata Steel in the metals & mining sector. It also introduced Sesa Goa in 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
Tags: Power Grid Corporation, Sun TV Network, Tata Power Company, Redington (India), , Tata Motors (DVR, Zuari Industries
May 21 2013, 13:56
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May 21 2013, 11:05
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