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Tata Mutual Fund sells telecom, engg; buys banking
Tata Mutual Fund decreased its weightage in Telecommunication, engineering & capital goods and Chemicals, while enhanced its exposure in Banking & Financial Services, Information Technology and Oil and Gas.
Tata Mutual Fund decreased its weightage in telecommunication, engineering & capital goods and chemicals space, while enhanced its exposure in banking & financial services, information technology and oil & gas sector.
The study of the portfolio managed by Tata Mutual Fund for the month of December 2011 shows that, in the telecommunication space, the fund sold Bharti Airtel, Idea Cellular and Reliance Communications. It also exited from Tulip Telecom. (View - All Bulk Deals by Mutual Funds).
In the engineering & capital goods pack, it sold Thermax, AIA Engineering and KEC International, while it bought Mundra Port, SKF India and Cummins India. (Check out - Which sectors are attracting Fund Managers?)
In the chemical segment, it sold Gujarat State Fertilizers Company, Rallis India and Tata Chemicals, while it bought Castrol India in the same segment.
On the buying side, the fund purchased ICICI Bank, Housing Development Finance Corporation (HDFC) and HDFC Bank in the banking & financial services space but sold India Infoline, SBI and Central Bank of India in the same sector.
In the information technology space, the fund bought Infosys, HCL Technologies and Polaris Financial Technology. However, it sold Firstsource Solutions, Oracle Financial and NIIT Technologies.
The fund bought Cairn India, ONGC and Oil India in the oil & gas segment, but sold Reliance Industries and Gujarat State Petronet from the same segment.
Table of Stocks bought/ sold by Tata Mutual Fund...contd on Page 2
