Kotak Mahindra Mutual Fund has
enhanced its exposure in banking & financial services, engineering &
capital goods and telecommunication space. However, it decreased it weightage
in the oil and gas, automotive and information technology space.
Bank Of Baroda, ICICI Bank
and State Bank of India were top buys, while Jain Irrigation Systems, Reliance
Industries and Steel Authority of India were top sells by the fund.
The study of Kotak Mahindra
Mutual Fund portfolio for the quarter of January-March 2015 shows that in the
banking & financial services, the fund has bought HDFC Bank, Axis Bank,
Kotak Mahindra Bank and introduced City Union Bank. However, it sold Federal
Bank, ICICI Bank, Bank Of Baroda and exited from SKS Microfinance and
Indiabulls Housing Finance.
In the engineering and capital
goods segment, it purchased Kirloskar Brothers, Larsen and Toubro and
introduced Siemens, KSB Pumps, NBCC, Thermax, Adani Ports, IRB Infra and Swaraj
Engines, while it sold Havells India, KEC International, Techno Electric and
exited from Kennametal India.
The fund has bought Bharti
Airtel, Idea Cellular and introduced Tata Communications in the
telecommunication space. Whereas, it sold Reliance Communications and Finolex
Cables.
In the oil and gas pack, the fund sold
Reliance Industries, Petronet LNG and ONGC. It also exited from Oil India,
Chennai Petroleum Corporation and Indian Oil Corporation. However, it bought
Cairn India from the same pack.
The fund sold Hero Motocorp,
Bosch, Apollo Tyres and exited from Exide Industries in the automotive space,
while it bought Tata Motors (DVR), Maruti Suzuki India and TVS Motor Company.
In the information technology
pack, it sold Tech Mahindra, TCS and Wipro but purchased HCL Tech, Infosys and
Smartlink Network Systems.
Source: http://www.moneycontrol.com/news/mf-analysis/kotak-mf-buys-banks-engg-telecom-sells-oilgas-auto_1374662.html
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