Franklin Templeton picks auto, cement; sells bank, IT

In the chemicals sector, the fund introduced Aarti Industries and bought Kansai Nerolac Paints, Pidilite Industries and Coromandel International, while it sold Asian Paints and Berger Paints and exited Rallis India.

In the banking & financial services space, the fund sold Housing Development Finance Corporation, Federal Bank and ICICI Bank and exited Allahabad Bank and Corporation Bank. However, it bought Axis Bank, Kotak Mahindra Bank and Karur Vysya Bank.

In the oil & gas space, the fund sold Oil and Natural Gas Corporation, Petronet LNG and Reliance Industries and exited Oil India and Chennai Petroleum Corporation. At the same time, it bought Cairn India and Bharat Petroleum Corporation and introduced Indraprastha Gas and Gujarat State Petronet. (View - All Bulk Deals by Mutual Funds).

In the information & technology space the fund sold Tata Consultancy Services, Infosys and Wipro, while it bought HCL Technologies, eClerx Services and Mindtree.

Disclosure: Network 18, which publishes moneycontrol.com, is now part of the Reliance Group.

Table of Stocks bought/ sold by Franklin Templeton Asset Management...contd on Page 2

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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 July-Sept 2014.