Kotak Mutual Fund has increased its exposure in oil & gas, information technology and utilities sector. However, it reduced its investments in banking & financial services, media & entertainment and food & beverages space.
Power Grid Corporation, Sintex India and Sterlite Industries were top buys while IFCI, Orient Paper & Industries and Zee Entertainment were top sells by the fund. The study of Kotak Mahindra Asset Management for the month of January 2011 showed that in the oil & gas space, it bought Reliance Industries, IOC and Petronet LNG. But it sold BPCL and exited Oil India. (View - All Bulk Deals by Mutual Funds)In the information technology pack, the fund purchased HCL Technologies, Wipro and Mphasis. It also introduced Tech Mahindra. However, it sold Oracle Financial Services Software and TCS. It bought Power Grid and NTPC in the utilities space. In the banking & financial services sector, it exited Dena Bank, United Bank of India, Indian Bank and IFCI. It also sold ICICI Bank, Power Finance Corporation and Bajaj Finance in the same space. But it bought HDFC Bank, HDFC and IndusInd Bank. It sold Zee Entertainment Enterprises, Hathway Cable and Jagran Prakashan in the media & entertainment pack, while it purchased HT Media and Sun TV Network in the same space. (Check out - Which sectors are attracting Fund Managers?) In the food & beverages space, the fund sold Balrampur Chini Mills, Shree Renuka Sugars and EID Parry. But it bought GlaxoSmithKline Consumer Healthcare. Table of Stocks bought/ sold by Kotak Mutual Fund...contd on Page 2 For more Mutual Fund Action in Market click here _PAGEBREAK_ The number of shares has been calculated based on the closing price of the stocks on the BSE/NSE as on the portfolio date for June and Dec 2010-Jan 2011.
| Company Name | Shares Bough | Stock | Shares Sold | |
| Power Grid Corporation | 2,322,277 | IFCI | 2,327,500 | |
| Sintex India | 1,426,903 | Orient Paper & Industries | 2,196,926 | |
| Sterlite Industries (India) | 1,160,000 | Zee Entertainment | 1,195,116 | |
| Exide Industries | 1,130,000 | Voltas | 1,100,133 | |
| Petronet LNG Ltd | 934,015 | Power Finance Corporation | 1,047,501 | |
| HCL Technologies | 722,940 | Ballarpur Industries | 976,386 | |
| IndusInd Bank | 590,666 | Mercator Lines | 940,000 | |
| HT Media | 522,683 | Balrampur Chini Mills | 830,000 | |
| United Phosphorous | 440,000 | Fortis Healthcare | 780,000 | |
| Indian Oil Corporation | 411,840 | Hathway Cable | 622,544 | |
| NTPC | 400,000 | Pantaloon Retail | 595,976 | |
| KEC International | 362,856 | Shree Renuka Sugars | 595,000 | |
| Sobha Developers | 345,000 | TVS Motor Company | 580,000 | |
| Indian Hotels Company | 342,666 | Chambal Fertilisers | 575,000 | |
| Bharti Airtel | 320,000 | Lanco Infratech | 500,000 | |
| Reliance Industries | 256,500 | Balkrishna Industries | 487,498 | |
| Torrent Pharmaceuticals | 252,783 | SpiceJet | 420,315 | |
| Tata Chemicals | 243,500 | ING Vysya Bank | 412,003 | |
| Siemens | 240,000 | Allahabad Bank | 405,000 | |
| HDFC | 239,750 | Oriental Bank of Commerce | 388,500 | |
| Lupin | 215,000 | Tata Steel | 340,976 | |
| Jet Airways | 181,500 | ICICI Bank | 335,500 | |
| HDFC Bank | 146,551 | Mahindra and Mahindra | 312,807 | |
| Bharat Forge | 144,000 | Bajaj Finance | 294,643 | |
| Wipro | 121,500 | Escorts | 284,403 | |
| Crompton Greaves | 114,885 | Indian Bank | 280,000 | |
| Hindustan Unilever | 110,000 | Jagran Prakashan | 276,396 | |
| IRB Infrastructure | 108,809 | Godrej Consumer Products | 255,000 | |
| Dr Reddys Laboratories | 104,500 | ITC | 255,000 | |
| Nagarjuna Construction | 100,000 | Ranbaxy Laboratories | 200,000 | |
| Sun TV Network | 96,087 | Coal India | 200,000 | |
| Tech Mahindra | 93,500 | BPCL | 182,500 | |
| Alstom Projects | 91,725 | Stride Arcolab | 181,961 | |
| ONGC | 85,000 | United Bank of India | 180,000 | |
| Glenmark Pharma | 75,000 | Federal Bank | 176,000 | |
| Rural Electrification Corpn. | 68,000 | ESS DEE Aluminium | 151,797 | |
| Thermax | 52,021 | Tata Consultancy Services | 150,000 | |
| Hero Honda Motors | 50,000 | Hindalco Industries | 140,000 | |
| Raymond | 50,000 | Bank Of Baroda | 129,760 | |
| West Coast Paper Mills | 45,500 | Zuari Industries | 128,721 | |
| Ipca Laboratories | 42,401 | Eros International Media | 124,283 | |
| Cipla | 40,600 | Tata Communications | 122,500 | |
| Mphasis | 40,500 | Sadbhav Engineering | 102,020 | |
| Hindustan Media Ventures | 39,971 | Dena Bank | 100,000 | |
| Axis Bank | 35,000 | Tata Motors (DVR) | 100,000 | |
| Grasim Industries | 31,175 | EID Parry (India) | 98,719 | |
| Emami | 30,579 | YES BANK | 90,000 | |
| Havells India | 29,156 | Gujarat State Fertilizers | 89,683 | |
| Bajaj Auto | 26,500 | ILandFS Transportation | 85,000 | |
| Larsen and Toubro | 26,000 | Century Textiles | 80,000 | |
| Jubilant Life Sciences | 23,187 | JK Paper | 72,246 | |
| Tecpro Systems | 22,417 | Shriram Transport Finance | 67,775 | |
| Asian Paints | 20,239 | Bharat Heavy Electricals | 65,662 | |
| Union Bank of India | 20,000 | Sundaram Finance | 59,660 | |
| Dabur India | 19,520 | Punjab National Bank | 59,000 | |
| Madras Cements | 17,344 | Cummins India | 56,689 | |
| GlaxoSmithKline Consumer | 16,883 | Oracle Financial Services | 53,500 | |
| Hindustan Zinc | 15,000 | State Bank of India | 50,500 | |
| Zodiac Clothing Company | 13,250 | JBF Industries | 47,000 | |
| Maruti Suzuki India | 12,000 | Karnataka Bank | 40,000 | |
| Canara Bank | 11,500 | HPCL | 35,000 | |
| Persistent Systems | 11,009 | Vijaya Bank | 33,000 | |
| Corporation Bank | 11,000 | Commercial Engineers | 28,362 | |
| Sun Pharmaceutical | 9,249 | Whirlpool of India. | 17,292 | |
| Titan Industries | 7,000 | Oil India | 15,500 | |
| Aurobindo Pharma | 3,907 | BGR Energy Systems | 13,000 | |
| Maharashtra Seamless | 2,500 | Jammu and Kashmir Bank | 10,387 | |
| Infosys Technologies | 800 | Sesa Goa | 10,000 | |
| SKF India | 9,213 | |||
| Page Industries | 3,169 |
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