HomeNewsBusinessMutual FundsTata Mutual Fund buys banks, oil&gas; sells metals, auto

Tata Mutual Fund buys banks, oil&gas; sells metals, auto

Tata Mutual Fund enhanced its exposure in banking & financial services, services and oil & gas space, while decreased its weightage in food & beverages, automotive and metals & mining space.

April 25, 2013 / 15:46 IST
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Tata Mutual Fund enhanced its exposure in banking & financial services, services and oil & gas space, while decreased its weightage in food & beverages, automotive and metals & mining space.

TV18 Broadcast, Jaiprakash Power Ventures and IDFC were the top buys, while Mangalore Refinery, Sterlite Industries (India) and Gujarat State Petronet were the top sells.

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The study of the portfolio managed by Tata Mutual Fund for the month of March 2013 shows that, in the Banking & Financial services space, the fund bought Housing Development Finance Corporation, HDFC Bank, Yes Bank and introduced Shriram Transport Finance Corporation, while it sold Indian Bank, Rural Electrification Corporation, Power Finance Corporation and exited from Bank of India.

In the Services pack, it purchased Mahindra Holidays and Resorts India and introduced Jet Airways. (View - All Bulk Deals by Mutual Funds)