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Mutual funds: What's hot this week July 14, 2006 Meanwhile, in contrast to the several past months, not many IPOs attracted MFs in June. Deccan Aviation [Get Quote], Unity Infraprojects [Get Quote], and Allcargo Global Logistics [Get Quote] were the ones, which were picked by funds. In terms of value, Siemens, ONGC [Get Quote], and Hindustan Lever [Get Quote] were the top purchases by MFs, while Infosys [Get Quote], Reliance Industries [Get Quote], and Tata Steel [Get Quote] topped the sell list.
A study of the top ten mutual funds' equity portfolios as on June 30, which are UTI, Prudential ICICI [Get Quote], HDFC [Get Quote], Templeton, Reliance, SBI [Get Quote], Birla SunLife, Kotak, DSP ML, and HSBC reveals that four out of the ten MFs added to their investments in KEC Infrastructures. SBI MF was the top buyer of the stock with over 195 lakh shares bought. Ashok Leyland, the second top buy in terms of volume, was bought by six out of the ten funds. Templeton MF was the top buyer of the stock with 102 lakh shares bought. Among other auto stocks bought, Rico Auto, Apollo Tyres [Get Quote] topped the buy list, while Amtek Auto [Get Quote], and Tata Motors [Get Quote] were among the top sells. MphasiS BFL - the top sell was sold extensively by Templeton MF with over 98 lakh shares sold. Pru ICICI, Birla, SBI, DSP ML, and HDFC MF also sold the stock, while Kotak MF added to its investments in it. Among other IT stocks sold, Satyam [Get Quote], Infosys, and Tulip IT topped the sell list, while Aztec, HCL Infosystems [Get Quote], Wipro [Get Quote], and Polaris [Get Quote] were among the other top buys. Among the IPOs that listed in June, UTI MF bought over 7.6 lakh shares of Deccan Aviation, Pru ICICI MF bought over 1.7 lakh shares of Unity Infraprojects, while Kotak and SBI MF purchased over 1 lakh and 38,000, each of Allcargo Global Logistics.
IT bellwether Infosys, the top sold stock in terms of value, was bought by UTI, Templeton, Reliance, HDFC, SBI, and Birla MF. UTI MF was the top seller with over 8.95 lakh shares sold. However, Pru ICICI, HSBC, Kotak, and DSP ML MF added to their investments in the stock. For more on mutual funds, click here More Specials
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