HDFC Mutual Fund has allocated maximum capital to a cement share in December 2021, showed an ICICI Direct Research report. The mutual fund, which boasts of 4,40,048 crore AUM and runs 81 schemes as per the data of quarter ended December 31, 2021, has bought 5lakh shares of Ultratech cement Ltd for Rs 363 crore in last month of 2021. This was a jump of 72% from the previous month (November 2021), when HDFC AMC added 3 lakh shares of the cement company for Rs 207 crore.  

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However, the fund house has shifted interest and allocated a major portion of its portfolio to an aviation stock Interglobe Aviation Ltd and equal weightage in terms of percentage growth to a financial share—IIFL Wealth Management Ltd. HDFC AMC has increased its allocation to the two shares by 310% as compared to the exposure it gave in November 2021. It bought 5 lakh shares worth Rs 106 crore of Interglobe Aviation in December 2021 as against 1 lakh shares to the tune of Rs 24 crore in November, a 310% surge.  

Similarly, against 1 lakh shares worth Rs 20 crore in November, HDFC bought 6 lakh shares worth Rs 79 crore of IIFL Wealth in December, increasing the allocation to this financial share by 310%.  

Other important changes were Motherson Sumi Systems in which the fund house bought shares worth Rs 69 crore in December against Rs 21 crore in November, an increase of 209%. Similarly, HDFC AMC exposure to Sundaram Finance Ltd increased by 125% at Rs 51 crore, while gas company Mahangar Has Ltd saw the mutual fund raising the allocation by 109% at Rs 5 crore. It bought shares of 122crore in Divis Laboratories with an increased allocation of 105%, while exposure in Container Corporation of India Ltd and Birla Corporation Limited surged by 87% and 68% at Rs85 crore and Rs 53 crore respectively.    

HDFC also took fresh position of 24 lakh shares worth Rs 67 crore in Gateway Distriparks ltd, a transport and logistics company.