HDFC Mutual Fund increased its exposure in the metals & mining, information technology and manufacturing sectors, while slashed its coverage in banking & financial services, cement & construction and oil & gas sectors.
Coal India, Time Technoplast and Power Grid Corporation were the top buys, while NTPC, KCP and Crompton Greaves were the top sells.
A study of the HDFC Mutual Fund portfolio for the month of November 2010 showed that in the metals & mining space, the fund bought Tata Steel and introduced Coal India. In the information technology pack, it purchased Infosys Technologies, TCS and Wipro.
In the manufacturing segment, the fund bought Bharat Electronics, Time Technoplast and Sundram Fasteners, while it sold Indo Rama Synthetics.
The selling was seen in the banking & financial services, cement & construction and oil & gas sectors. In the banking & financial services sector, it sold SBI, Bank Of Baroda and LIC Housing Finance. However, it bought ICICI Bank, HDFC Bank and Allahabad Bank.
In the cement & construction space, the fund exited Ashoka Buildcon, IRB Infrastructure Developers and KCP. It also sold Sadbhav Engineering, Simplex Infrastructures and Nagarjuna Construction in the same space. But it purchased Jaiprakash Associates.
It sold BPCL, HPCL and ONGC in the oil & gas sector, while it bought Reliance Industries and Petronet LNG.
Source: http://www.moneycontrol.com/news/mf-analysis/coal-india-time-techno-power-grid-top-picks-hdfc-mf_504190-1.html
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