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DSP BlackRock MF drops banks, auto; picks IT, telecom

Tata Motors (DVR), Mahindra Satyam and Power Finance Corporation were the top sells, while IDFC, Sesa Sterlite and Bharti Airtel were the top buys by DSP BlackRock Mutual Fund.

October 22, 2013 / 12:13 PM IST
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DSP BlackRock Mutual Fund has decreased its investments from banking & financial services, automotive and engineering & capital goods space, while enhanced its exposure in information technology, telecommunication and food & beverages.

Tata Motors (DVR), Mahindra Satyam and Power Finance Corporation were the top sells, while IDFC, Sesa Sterlite and Bharti Airtel were the top buys.

A study of the DSP BlackRock Mutual Fund portfolio for the period of June-September 2013 showed that in the banking & financial services, the fund sold HDFC, HDFC Bank and Bajaj Finance. It also exited from Mahindra & Mahindra Financial Services, LIC Housing Finance, Cholamandalam Investment, Bajaj Finserv, Punjab National Bank and Oriental Bank of Commerce. However, it bought IDFC, ICICI Bank, Bank Of Baroda and also introduced Axis Bank and Canara Bank in the same space.

In the automotive segment, it sold Tata Motors (DVR), Maruti Suzuki India, Eicher Motors and exited Tata Motors. While it bought Motherson Sumi Systems, Bajaj Auto and introduced Hero Motocorp and Amara Raja Batteries. (View - All Bulk Deals by Mutual Funds).

The fund sold Larsen and Toubro, Havells India and Sadbhav Engineering in the engineering & capital goods space. It also exited from Jaypee Infratech, Titagarh Wagons and Thermax. However it purchased Siemens, Crompton Greaves, Reliance Industrial Infrastructure and introduced BEML.

In the information technology space, the fund bought Wipro, Tech Mahindra, HCL Technologies and introduced HCL Infosystems. While it sold Hexaware Technologies, Polaris Financial Technology and exited from Mahindra Satyam and eClerx Services.

The fund purchased Bharti Airtel, Tata Communications and Idea Cellular in the telecommunication space. (Check out - Which sectors are attracting Fund Managers?)

In the food & beverages pack, the fund bought United Spirits, Nestle India and Britannia Industries. But it sold Tata Global Beverage, Tata Coffee and Mount Everest Mineral Water from the same pack.

Table of Stocks bought/ sold by DSP BlackRock 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 June-September 2013.

StockShares boughtStockShares sold
IDFC11,805,551Tata Motors (DVR)13,407,194
Sesa Sterlite10,416,526Mahindra Satyam11,629,559
Bharti Airtel9,785,941Power Finance Corporation6,520,454
Zee Entertainment3,690,572Prestige Estates Projects4,502,125
Voltas1,968,769Sterlite Industries (India)4,190,955
Crompton Greaves1,939,479Tata Motors3,710,909
Cairn India1,784,786HDFC Bank3,612,668
ITC1,640,784M & M Financial Services3,236,047
Bank Of Baroda1,418,730Tata Global Beverage2,968,449
ICICI Bank1,264,543Dish TV2,966,061
Coal India1,204,184GMDC2,875,465
Hindalco Industries1,119,391Mangalore Chemicals2,633,615
Tata Communications1,114,763Jaypee Infratech2,279,570
IndusInd Bank1,039,911Power Grid Corporation2,279,528
Aditya Birla Nuvo946,226Siti Cable Network2,253,931
Bajaj Corp913,055KEC International2,175,883
Orient Cement910,393Triveni Turbine2,030,387
Tech Mahindra779,629BPCL1,981,457
Development Credit Bank711,481LIC Housing Finance1,902,720
Siemens659,775Godrej Industries1,744,178
HCL Technologies650,463Glenmark Pharma1,706,604
Hero Motocorp584,259Tata Power Company1,601,269
Ipca Laboratories547,445PTC India1,528,707
Jaiprakash Power Ventures538,391Info Edge India1,457,842
Biocon482,071Idea Cellular1,071,898
Hindustan Zinc426,932Bombay Dyeing1,032,432
SpiceJet410,998Hexaware Technologies979,907
Adani Power362,946NCC963,906
HCL Infosystems342,712JM Financial909,494
Dr Reddys Laboratories342,664Adhunik Metaliks859,312
Great Eastern Shipping 281,215Reliance Power811,306
United Spirits279,856Chola Investment and Finance736,650
United Breweries267,047Bajaj Finance703,161
Oil India265,281IVRCL626,355
Britannia Industries257,289Unichem Laboratories603,397
Reliance Industrial Infras.233,213Indoco Remedies599,133
Natco Pharma231,128JK Lakshmi Cement571,376
Canara Bank225,035Arvind570,966
Tata Chemicals218,074Sun Pharmaceutical568,641
ONGC216,122Mahindra and Mahindra538,813
CMC206,366The Ramco Cements517,257
Sun Pharma Advanced 205,938Maruti Suzuki India510,348
Just Dial200,499Kajaria Ceramics500,917
Reliance Industries179,040Larsen and Toubro483,405
Tata Consultancy Services168,048Aurobindo Pharma476,247
Axis Bank147,362Titagarh Wagons425,127
Gujarat State Petronet138,227Kalpataru Power Trans.422,057
Supreme Industries133,626Havells India416,000
Union Bank of India121,019Sobha Developers414,554
BEML113,369Adani Enterprises400,369
JSW Energy111,728Deep Industries359,658
Amara Raja Batteries98,838Binani Industries351,308
Atul80,366ILandFS Transportation336,382
Colgate Palmolive (India)75,478Kotak Mahindra Bank334,169
Nestle India73,526EID Parry (India)306,065
Lupin72,284Sadbhav Engineering275,576
HPCL45,943Max India264,089
Persistent Systems43,782Engineers India259,610
Ranbaxy Laboratories35,673Shree Cements253,211
Container Corporation of India31,890Eicher Motors244,425
Wockhardt21,516State Bank of India233,261
Indraprastha Gas17,260Jaiprakash Associates233,171
Excel Crop Care16,974Polaris Financial Technology224,802
GlaxoSmithKline Pharmaceuticals15,850Zuari Agro Chemicals223,576
ING Vysya Bank13,902Emami219,649
Jubilant Life Sciences1,906Jyothy Laboratories212,830
Adani Ports and Special195,217
J. K. Cement191,057
Bajaj Finserv188,345
Oriental Bank of Commerce167,292
SKS Microfinance162,184
Steel Strips Wheels157,003
Karur Vysya Bank147,731
Oberoi Realty130,997
Mangalore Refinery128,798
Cummins India100,598
Tata Coffee100,582
Tecpro Systems94,316
Ashoka Buildcon93,601
Godrej Properties74,020
Hathway Cable72,843
Motherson Sumi Systems65,850
Tata Steel59,922
Petronet LNG59,103
Sundaram Finance55,301
APL Apollo Tubes53,848
Bata India52,084
Strides Arcolab50,697
Exide Industries46,299
City Union Bank44,378
Punjab National Bank44,206
Pidilite Industries43,462
Castrol India41,468
Piramal Glass38,144
Balrampur Chini Mills29,126
Grasim Industries26,973
Somany Ceramics26,531
Phillips Carbon Black25,317
Shriram City Union Finance23,256
KPIT Technologies18,650
Gujarat State Fertilizers17,397
Bharat Electronics16,451
Gateway Distriparks16,354
Sabero Organics Gujarat15,546
Gujarat Fluorochemicals14,434
Blue Dart Express12,118
NIIT Technologies11,986
Lovable Lingerie11,782
Bayer CropScience10,322
Career Point8,603
Coromandel International7,859
Ador Welding7,301
Shalimar Paints7,000
Kennametal India6,974
WABCO India6,565
Mount Everest Mineral Water6,236
Solar Industries India5,216
GAIL India4,960
Kewal Kiran Clothing4,898
Oracle Financial Services4,002
eClerx Services2,274
3M India1,562
Cadila Healthcare1,517
Disa India1,059
P & G Hygiene and Health Care917
Kaveri Seed Company878
Bajaj Auto404