ICICI Pru Dynamic Plan buys banks, metal, auto

ICICI Pru Dynamic Plan has enhanced its exposure to bank, metal, oil & gas and auto, however it sold IT and food & beverages. (View - What is ICICI Pru Dynamic Plan buying / selling?)
In the banking space, it bought 12.67 lakh shares of Federal Bank, 3.57 lakh shares of ICICI Bank, 3.17 lakh shares of SBI, 1.23 lakh shares of Punjab National Bank and nearly 1 lakh sthares of HDFC Bank, but it exited Canara Bank.

In the metals pack, it introduced SAIL and Tata Steel, however it exited National Aluminium Company.


In the oil & gas sector, it bought 1.71 lakh shares of ONGC and 1.60 lakh shares of Reliance Industries, but it exited IPCL.


Buying was also seen in auto space as the scheme made fresh investment in Tata Motors. It also bought 1.83 lakh shares of Maruti Udyog and 1.28 lakh shares of Mahindra and Mahindra. However, it exited Bajaj Auto.


In media pack it bought 7.42 lakh shares of Zee Entertainment Enterprises. In pharma pack it introduced Cadila Healthcare and bought Alembic, but it exited Cipla.


On the contrary, in IT pack the scheme exited Firstsource Solutions, sold 2.20 lakh shares of TCS and 1.5 lakh shares of Infosys Technologies. But it bought 1.96 lakh shares of Wipro. In food & beverages it exited Triveni Engineering and Nestle India.


In manufacturing the scheme sold 7.34 lakh shares of Amtek Auto, in tobacco it sold 2.80 lakh shares of ITC and in construction it exited Akruti Nirman.


Reliance Industries, TCS and Infosys Technologies were the top stocks held by the scheme in March. Technology (16.07%), Bank (13.95%) and Oil& Gas (9.75%) were the top invested sectors in the scheme's portfolio. (Check out - Top stocks held by ICICI Pru Dynamic Plan).
The equity exposure of the scheme has decreased from 84.46% to 79.48%. The total assets managed by the scheme over the month were Rs 1962.93 crore as on March 30, 2007.
Over the last one year, ICICI Pru Dynamic Plan has yielded 17.17% returns as against 21.2% yielded by its benchmark S&P CNX Nifty as on April 16, 2007.