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HDFC Mutual Fund buys banking, utilities; drops oil & gas

HDFC Mutual Fund enhanced its exposure in banking & financial services, utilities and automotive sectors, while slashed its coverage in engineering & capital goods, oil & gas and services sectors.

April 15, 2011 / 12:28 PM IST
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HDFC Mutual Fund enhanced its exposure in banking & financial services, utilities and automotive sectors, while slashed its coverage in engineering & capital goods, oil & gas and services sectors.

Jaiprakash Associates, NCC Blue Water Products and NHPC were the top buys, while NCC, Sun Pharmaceutical and GAIL India were the top sells by the fund.

A study of the HDFC Asset Management Fund portfolio for the month of March 2011 showed that in the banking &   financial services space, it bought ICICI Bank, Rural Electrification Corporation and Punjab National Bank. However, it sold Motilal Oswal Financial Services and State Bank of India. The fund introduced LIC Housing Finance in the same space. (View - All Bulk Deals by Mutual Funds).

In the utilities segment, the fund purchased Power Grid Corporation, Tata Power Company and NTPC. The fund introduced NHPC in the space.

The fund bought Amtek Auto, Tata Motors (DVR) and Hero Honda Motors in automotive space. The fund sold Exide Industries, Mahindra and Mahindra and Tata Motors in this space.

In the engineering & capital goods pack, the fund sold Larsen & Toubro, Carborundum Universal and Texmaco Rail and exited from Suzlon Energy and Atlas Copco (India). However, it bought Crompton Greaves.

The fund sold Oil and Natural Gas Corporation, Reliance Industries and GAIL India in the oil & gas space. But it bought Petronet LNG and Bharat Petroleum Corporation. (Check out - Which sectors are attracting Fund Managers?).

In services sector, the fund sold Jet Airways.

Table of Stocks bought/ sold by HDFC Mutual Fund ...contd on Page 2

For more Mutual Fund Action in Market click here 


Note - 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 Feb-Mar 2011.

Company NameShares BoughtStockShares Sold
Jaiprakash Associates10,930,005NCC10,232,219
NCC Blue Water Products10,232,219Sun Pharmaceutical2,505,206
NHPC10,000,000GAIL India2,000,950
Aurobindo Pharma7,705,768Reliance Industries1,123,023
Power Grid Corporation6,105,568Crompton Greaves967,503
Amtek Auto2,820,176Jubilant Foodworks939,745
LIC Housing Finance2,172,000ONGC836,682
Sterlite Industries (India)2,003,752United Phosphorous686,600
Rural Electrification1,518,000Larsen and Toubro622,068
Time Technoplast1,000,000Apollo Tyres590,900
Tata Chemicals884,820Tata Motors510,802
Cipla721,700Mahindra and Mahindra507,877
Tata Motors (DVR)710,000Bank Of Baroda404,392
Petronet LNG Ltd614,000Indo Rama Synthetics402,983
Coal India600,000Jagran Prakashan401,981
Hero Honda Motors412,449Exide Industries354,852
Tata Steel406,315HT Media325,000
Sundram Fasteners399,492Jet Airways320,000
Hindustan Unilever382,539ICICI Bank301,150
Tata Consultancy Services350,883Bharti Airtel271,222
Zee Entertainment335,000Atlas Copco (India)263,941
Tata Power Company256,328Emami220,000
Carborundum Universal218,457Vimta Labs182,257
ITC182,882Shanthi Gears93,323
Divis Laboratories150,000Titan Industries90,000
Ipca Laboratories128,671ILandFS Transportation64,324
Tube Investments of India116,300Axis Bank62,544
Steel Authority of India98,761Suzlon Energy25,060
Bata India94,000HDFC21,235
State Bank of India72,133Reliance Communications11,552
Birla Corporation65,738Container Corporation10,000
Phoenix Mills58,519Wipro9,688
Motilal Oswal Financial 50,000NTPC9,465
Torrent Pharmaceuticals34,000Coromandel International8,134
Dr Reddys Laboratories30,435HDFC Bank5,968
NRB Bearings27,348Reliance Infrastructure4,655
GlaxoSmithKline Consumer26,425IDFC4,247
Punjab National Bank24,719Infosys Technologies3,354
Texmaco Rail and Engine21,476Bharat Heavy Electricals2,734
Bharat Electronics10,000DLF2,728
Hindalco Industries8,421Ambuja Cements1,738
FAG Bearings India8,278Reliance Power1,162
Info Edge India7,000Cairn India918
Clariant Chemicals India5,607Sesa Goa805
Mcleod Russel (India)5,233Kotak Mahindra Bank747
P & G Hygiene and Health5,125HCL Technologies509
Jindal Steel & Power3,275Ranbaxy Laboratories322
Bajaj Auto1,930Siemens320
Maruti Suzuki India1,691BPCL273
Grasim Industries794Reliance Capital237

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