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Aug 13, 2012, 04.14 PM IST
Tata Mutual Fund has slashed its exposure in banking & financial services, manufacturing and cement & construction sector, while increased its weightage in metals & mining, engineering & capital goods and pharmaceuticals space.
Jaiprakash Associates, Greaves Cotton and NTPC were the top sells, while Ashok Leyland, Jyoti Structures and Mangalore Refinery were the top buys.
The study of portfolio managed by Tata Mutual Fund for the month of July 2012 shows that, in the Banking & financial services space, the fund sold Bank Of Baroda, State Bank of India, Federal Bank and exited Rural Electrification Corporation, while purchased ICICI Bank, HDFC and HDFC Bank. The fund sold Jaiprakash Associates, Sadbhav Engineering and Shree Cements in the Cement & construction sector and also exited from National Buildings Construction Corporation. But it purchased Mahindra Lifespace Developers, Simplex Infra and Birla Corporation. In the Metals & mining pack, it bought Gujarat Mineral Development Corporation, Tata Steel and Hindustan Zinc, while sold Jindal Steel & Power. The fund bought SKF India, ALSTOM India, Cummins India and introduced Jyoti Structures and Carborundum Universal in the Engineering & capital goods pack. However, it sold Siemens, Greaves Cotton and BHEL from the same pack. (Check out - Which sectors are attracting Fund Managers?). In the Pharmaceuticals space, it bought Cipla, Lupin and Glenmark Pharma, while sold Cadila Healthcare.
Table of Stocks bought/ sold by Tata Mutual Funds...contd on Page 2
For more Mutual Fund Action in Market click here
Tags: Tata Mutual Fund, Jaiprakash Associates, Greaves Cotton, NTPC, Ashok Leyland, Jyoti Structures, Mangalore Refinery
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