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Franklin Templeton buys banks, auto; sells IT, metals

Franklin Templeton Asset Management has enhanced its exposure in banking & financial services, automotive and cement & construction sector. JK Lakshmi Cement, Wipro and Karur Vysya Bank were the top buys, while NHPC, TV18 Broadcast and NMDC were the top sells.

May 21, 2013 / 09:14 AM IST
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Franklin Templeton Asset Management has enhanced its exposure in banking & financial services, automotive and cement & construction sector, while decreased its investments from information technology, metals & mining and chemicals sector.

JK Lakshmi Cement, Wipro and Karur Vysya Bank were the top buys, while NHPC, TV18 Broadcast and NMDC were the top sells.

A study of the Franklin Templeton Asset Management portfolio for the month of April 2013 showed that in the banking & financial services space, the fund bought IndusInd Bank, ICICI Bank, Karur Vysya Bank and introduced Repco Home Finance. However it sold Axis Bank, HDFC Bank, ING Vysya Bank and exited from Motilal Oswal Financial Services from the same space.

In the automotive segment, it purchased Bajaj Auto, Hero Motocorp and Maruti Suzuki India, while it sold Mahindra and Mahindra and Eicher Motors. (View - All Bulk Deals by Mutual Funds).

The fund bought ACC, JK Lakshmi Cement and Kajaria Ceramics in the cement & construction space.

In the information technology sector, the fund sold Infosys, Polaris Financial Technology and Oracle Financial Services Software. It also got exited from Tech Mahindra and Infinite Computer Solutions India from the same sector.

The fund sold NMDC, Jindal Steel & Power and Steel Authority of India in the metals & mining segment. However it purchased Gujarat Mineral Development Corporation, Hindalco Industries and Coal India in the same segment. (Check out - Which sectors are attracting Fund Managers)

In the chemicals pack, it sold Asian Paints, Pidilite Industries and Kansai Nerolac Paints, while it bought Berger Paints India, Coromandel International and Zuari Agro Chemicals from the same pack.

Table of Stocks bought/ sold by Franklin Templeton Mutual Funds...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 March-April 2013.
StockShares boughtStockShares sold
JK Lakshmi Cement1,399,461NHPC11,400,000
Wipro922,737TV18 Broadcast10,132,037
Karur Vysya Bank850,000NMDC3,328,331
IndusInd Bank847,063HCL Infosystems1,167,346
GMDC727,000Polaris Financial Tech1,041,038
NTPC695,208Orient Paper & Industries969,559
Federal Bank613,916Bharti Airtel788,629
Repco Home Finance574,883Cipla706,235
AIA Engineering550,000Steel Authority of India700,000
Crompton Greaves500,000TVS Motor Company685,248
Union Bank of India475,000HDFC Bank622,486
Yes Bank424,063Axis Bank586,204
Berger Paints India400,000Mahindra and Mahindra528,424
ACC398,903Deepak Fertilizers500,197
Bajaj Auto377,651ONGC466,104
Hero Motocorp348,824GAIL India445,539
Gujarat Pipavav Port315,000Hindalco Industries395,785
Greaves Cotton260,261Radico Khaitan357,262
BPCL162,749Gujarat State Petronet308,764
Coromandel International146,220ING Vysya Bank300,000
Cadila Healthcare133,000Jaiprakash Associates275,778
Jindal Steel & Power120,280FDC243,231
J. K. Cement93,640Motilal Oswal Financial175,200
Reliance Industries79,820Torrent Power163,844
Kajaria Ceramics70,914Petronet LNG Ltd163,000
Tata Consultancy69,524Oil India160,000
CRISIL69,008Pidilite Industries148,327
Bata India65,330IDFC139,812
ICICI Bank43,865HPCL117,905
KEC International35,024Nestle India108,180
Supreme Industries29,348Power Grid Corporation106,656
Zee Entertainment25,000Dr Reddys Laboratories103,718
Torrent Pharmaceuticals25,000Indraprastha Gas96,000
Larsen and Toubro23,361Eicher Motors73,900
Zuari Agro Chemicals20,508Asian Paints73,842
Grindwell Norton11,910Lupin72,955
FAG Bearings India10,000ITC67,093
GlaxoSmithKline Consumer9,149Tata Steel61,747
Simplex Infrastructures9,000Mangalore Refinery60,167
MindTree6,551Kansai Nerolac Paints56,985
Britannia Industries51,300
Oracle Financial Services50,000
GlaxoSmithKline Pharma50,000
Sundaram Finance50,000
Idea Cellular50,000
VMart Retail44,264
State Bank of India32,911
Cummins India30,000
Maruti Suzuki India24,476
Godrej Consumer Products20,061
Tata Power Company19,869
Infinite Computer Solutions19,421
Sobha Developers17,270
Tech Mahindra17,133
Secure Earth Technologies13,899
Hindustan Unilever12,610
Gateway Distriparks12,233
Bharat Heavy Electricals9,715
Ambuja Cements8,962
Coal India7,747
Cairn India6,954
Sun Pharmaceutical4,634
Sesa Goa4,589
Kotak Mahindra Bank4,433
HCL Technologies3,094
Bank Of Baroda1,984
Ranbaxy Laboratories1,811
Reliance Infrastructure1,586
Punjab National Bank1,572
VST Industries1,522
UltraTech Cement1,188
Sterlite Industries (India)741
Grasim Industries740
















































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