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Jan portfolio tweaks by biggest fund house show flavour of the season

HDFC Asset Management Company, India’s largest mutual fund house by assets, added select shares from banking, FMCG, power, oil sector with both hands in January.

Union Bank of India was among the top buys of the fund house with the addition of 76.50 lakh shares. It was followed by ITC (66.41 lakh), NTPC (50.50 lakh) and Firstsource Solutions (33.12 lakh). It also bought 26.25 lakh shares of Power Finance Corporation.

BSE Sensex advanced 0.50 per cent last month, while Nifty shed 0.29 per cent.

In the banking space, the fund house also bought 13.22 lakh shares of Indian Bank, 10.51 lakh of YES Bank and 8.40 lakh of Punjab National Bank. In the auto and auto ancillary segments, the fund house bought up to 22 lakh shares in Ashok Leyland, Tata Motors and Gabriel India. It continued to add Reliance Industries and purchased additional 11.49 lakh shares of the oil-to-telecom major.

HDFC AMC’s asset under management (AUM) stood at Rs 3,15,341 crore in January with 1,100 schemes against Rs 3,35,748 crore AUM at the end of December.

Among others, the fund house picked large number of shares in HUL, Aarti Industries, Dabur India, HDFC, Larsen & Toubro, HDFC Bank, Mindtree, TV Today Network, Siti Networks, Coal India, Mahindra & Mahindra, Balkrishna Industries, Federal Bank and SpiceJet.

On the other hand, it sold 66.56 lakh shares of ONGC, 57.92 lakh in NHPC, 36.72 lakh in SAIL, 26.45 lakh in Oil India, 25.38 lakh in Petronet LNG and 20.59 lakh in ICICI Prudential Life Insurance.

Vodafone Idea, SBI Life Insurance, PTC India, Engineers India, DCB Bank, BHEL and Bayer CropScience were among the companies in which the fund houses completely sold off its holdings in January,

CESC Ventures, Chalet Hotels, Emami and Spencers Retail were among the new names the fund house added to its portfolios during the month, data available with ACE MF showed.

BSE Sensex added 188 points in January to end the month at 36,256 rising from 36,068 on December 31, 2018. Nifty shed 31.60 points to 10,831 from 10,862 during the same period.
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