ICICI Pru Dynamic Plan has increased its exposure to the metals, oil & gas, pharmaceutical, media, cement and chemical sectors in April. The scheme reduced its exposure to the IT, auto, banking & financial services, consumer non–durables, telecom, engineering & capital goods and manufacturing sectors.In the metal space, the scheme bought over 12 lakh shares of Tata Steel and entered into Sterlite Industries (India) by adding nearly 7 lakh shares. It also bought SAIL but sold Mukand Steel. In the oil & gas sector, the company bought over 7.4 lakh shares of ONGC.
In the pharma pack, the scheme bought over 10 lakh shares of Cadila Healthcare. It also added Novartis India but sold over 2.8 lakh shares of Dr Reddy’s Lab. It also sold Alembic. Other major names in the buy list of the scheme was Coromandel Fertilisers and Orient Paper and Industries. On the other hand, in the IT sector, the scheme has exited from Wipro by offloading over 6.8 lakh shares and sold over 1.7 lakh shares of TCS. It also sold HCL Technologies and Mastek but bought Infosys and Subex Azure. In the auto space, the scheme sold over 6 lakh shares of Maruti and exited from Amtek Auto and Tata Motors by dropping over 2 lakh shares and over 1.9 lakh shares respectively. M&M was also sold.
In the banking & financial services, it sold nearly 2.9 lakh shares of ICICI Bank and also dropped PNB but added Federal Bank. In the FMCG pack, the scheme exited from Marico by selling over 32 lakh shares and sold over 6.6 lakh shares of ITC. In the telecom sector, over 2 lakh shares of Bharti Airtel were sold but Sterlite Optical was bought.
In the capital goods
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