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Feb 12, 2013, 02.22 PM IST
HDFC Mutual Fund has increased its weightage in banking & financial services, metals & mining and pharmaceuticals. However, it decreased its investments in information technology, tobacco and telecommunication.
NMDC, Pidilite Industries and Power Finance Corporation were the top buys by the fund, while Jaiprakash Associates, Tata Power Company and Zee Entertainment were the top sells. A study of the scheme for the month of December 2012 shows that in the Banking & Financial Services space, the fund bought State Bank of India, Bank of Baroda and ICICI Bank. However, it sold HDFC Bank and Housing Development Finance Corporation from the same space. It purchased NMDC, Tata Steel and Sterlite Industries (India) in the Metals & Mining segment, however it sold Coal India, Jindal Steel & Power and ISMT in the same space. (View - All Bulk Deals by Mutual Funds). In the Pharmaceuticals space, the fund bought Ipca Laboratories, Cadila Healthcare and Cipla, while it sold Aurobindo Pharma, Biocon and Dr Reddys Laboratories. The fund sold Tata Consultancy Services, Infosys and Wipro in the Information Technology segment. However, it introduced Persistent Systems in the same segment. In the Tobacco space, it sold ITC, while it bought VST Industries from the same space. (Check out - Which sectors are attracting Fund Managers?). In the Telecommunication sector, the fund sold Bharti Airtel.
Table of Stocks bought/ sold by HDFC Mutual Fund...contd on Page 2
For more Mutual Fund Action in Market click here
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