Templeton Mutual Fund has increased its holding in the banking & financial services, oil & gas and engineering & capital goods sectors. However, the fund house has reduced its exposure to information technology, metals & mining and chemicals sectors.
A study of the equity portfolios managed by the Templeton Mutual Fund as on July 31 shows that in the banking & financial services space, Federal Bank, HDFC Bank and ING Vysya Bank topped the list of buys while Yes Bank, India Infoline and Kotak Mahindra Bank topped the list of sells. Bank of India, LIC Housing Finance, Reliance Capital and Bajaj Holdings were newly introduced stocks.
Among the oil & gas stocks, HPCL, BPCL and Cairn India were top buys while Reliance Industries was top sold stock. It has made fresh investment in Indian Oil Corporation. (View - All Bulk Deals by Mutual Funds)
In the engineering & capital goods sector, Cummins India, ABB, Thermax topped the list of buys while Larsen and Toubro, Greaves Cotton and Suzlon Energy topped the list of sells. The fund house has exited Gremach Infrastructure and Shanthi Gears.
Templeton Mutual Fund slashed its exposure to information technology, metals & mining and chemicals. In the information technology pack, TCS and Infosys Technologies were in the list of top sells. It has exited Redington (India). (Check out - Which sectors are attracting Fund Managers?)
In the metal & mining space, Tata Steel, Sterlite Industries (India) and Sesa Goa were top sells.
In the chemical sector, it has sold over 26.55 lakh shares of Reliance Petroleum and over 14 lakh shares of Tata Chemicals.
A study of the equity portfolios managed by the Templeton Mutual Fund as on July 31 shows that in the banking & financial services space, Federal Bank, HDFC Bank and ING Vysya Bank topped the list of buys while Yes Bank, India Infoline and Kotak Mahindra Bank topped the list of sells. Bank of India, LIC Housing Finance, Reliance Capital and Bajaj Holdings were newly introduced stocks.
Among the oil & gas stocks, HPCL, BPCL and Cairn India were top buys while Reliance Industries was top sold stock. It has made fresh investment in Indian Oil Corporation. (View - All Bulk Deals by Mutual Funds)
In the engineering & capital goods sector, Cummins India, ABB, Thermax topped the list of buys while Larsen and Toubro, Greaves Cotton and Suzlon Energy topped the list of sells. The fund house has exited Gremach Infrastructure and Shanthi Gears.
Templeton Mutual Fund slashed its exposure to information technology, metals & mining and chemicals. In the information technology pack, TCS and Infosys Technologies were in the list of top sells. It has exited Redington (India). (Check out - Which sectors are attracting Fund Managers?)
In the metal & mining space, Tata Steel, Sterlite Industries (India) and Sesa Goa were top sells.
In the chemical sector, it has sold over 26.55 lakh shares of Reliance Petroleum and over 14 lakh shares of Tata Chemicals.
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