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May 09, 2012, 07.17 PM IST | Source: Moneycontrol.com

Tata Mutual Fund buys banking, auto; sells oil&gas

Tata Mutual Fund increased its weightage in banking & financial services, automotive and manufacturing, while slashed its exposure in oil & gas, information technology and telecommunication.

Tata Mutual Fund increased its weightage in banking & financial services, automotive and manufacturing, while slashed its exposure in oil & gas, information technology and telecommunication.

IDFC, Ashok Leyland and Standard Chartered PLC were the top buys, while Dish TV, Sterlite Technologies and Balrampur Chini Mills were the top sells.

The study of the portfolio managed by Tata Mutual Fund for the month of April 2012 shows that, in the banking & financial services space the fund bought ICICI Bank, IDFC and Yes Bank, while it sold Bank Of Baroda, Oriental Bank of Commerce and Indian Bank. It also exited Corporation Bank in the same space.

In the automotive segment, it purchased Ashok Leyland, WABCO India and Tata Motors (DVR) but it sold Exide Industries. (View - All Bulk Deals by Mutual Funds).

The fund bought Bharat Forge, Tamil Nadu Newsprint and Page Industries in the manufacturing pack. However, it exited Lovable Lingerie and sell Bharat Electronics.

In the oil & gas sector, the fund sold Indraprastha Gas, Gujarat Gas Company and Gujarat State Petronet, while it bought Cairn India, ONGC and Mangalore Refinery and Petrochemicals. (Check out - Which sectors are attracting Fund Managers?).

The fund sold Infosys, Polaris Financial and Wipro in the information technology pack. However, it purchased TCS, eClerx Services and NIIT Technologies.

In the telecommunication space, it exited Reliance Communications, Sterlite Technologies and sold Bharti Airtel and Idea Cellular.

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

For more Mutual Fund Action in Market click here

Q UTI was the only mutual fund for the period of:
1 2
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IDFC Ashok Leyland StanChart IDR
Dish TV Sterlite Techno Balrampur Chini

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