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Shanthi Venkataraman

THE stocks of Hero Honda, Oriental Bank of Commerce and Infosys were the only additions to the portfolio of Kotak 30 in June. The stock of Hero Honda now figures in the top ten holdings of the fund. The fund has also completely liquidated its holdings in Grasim.

The fund has pared exposures in select stocks of the pharmaceutical sector, which was the top sector holding of the fund in May. Exposures have been cut in stocks such as Lupin, Cipla and Cadila Healthcare, even as the fund ramped up its holdings in Glaxo SmithKline Pharma. The banking sector is now the largest sector holding, followed by the pharma and oil sectors.

Stocks in which exposures have been significantly enhanced include ONGC, IOC, Federal Bank and Larsen & Toubro. Holdings in M&M, Bharti Tele-ventures, IPCL, ACC and Cadila Healthcare have been pared by more than 20 per cent. Stocks in which holdings remain unchanged include Glaxo SmithKline Consumer Healthcare, Divi's labs, Nestle India, Ultratech Cemco and Tata Telecom.

The top ten holdings of the fund are: BHEL, SBI, Wipro, M&M, ONGC, IOC, Hero Honda, Bharti Tele-Ventures, Lupin and Federal Bank.

Fund Facts: Kotak 30 is an open-ended equity fund. It was launched in December 1998. The size of the fund is Rs 228 crore. The fund comes with growth and dividend options. The minimum investment amount is Rs 5000. The entry load is 2 per cent for purchases less than Rs 2 crore. The exit load is nil. The fund manager is Rushabh Seth.

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