HSBC Advantage India Fund (G) Buys ITC, CESC

HSBC Advantage India Fund (G) took fresh exposure to four new stocks in November 2007. The scheme has purchased 15.90 lakh units (3.08%) of ITC, 3.25 lakh units (2.09%) of CESC, 4.16 lakh units (1.17%) of PVR and 1.35 lakh units (1.06%) of GVK Power & Infrastructure in November 2007.

The scheme completely exited Patni Compauter Systems by selling 3.92 lakh units (1.64%), Advanta India by selling 91063 units (1.02%) in November 2007.

Sector-wise, the scheme took fresh exposure in Power Generation And Supply at 3.15%, and Cigarettes at 3.08% in November 2007.

Sector-wise, the scheme did not completely exit from any sector in November 2007.

The scheme had highest exposure to Jaiprakash Associates with 4.14 lakh units (7.70% of portfolio size) followed by Bharat Heavy Electricals with 1.68 lakh units (4.65%) and Thermax with 5.20 lakh units (4.61%) among others in November 2007.

It reduced its exposure to Larsen & Toubro by selling 21770 units to 92994 units (by 1.09%), Jindal Steel & Power by selling 9861 units to 16621 units (0.95%) and Bharti Airtel by selling 61753 units to 3.84 lakh units (0.93%) among others in November 2007.

Sector-wise, the scheme had highest exposure to Construction at 14.39% (from 12.88% in October 2007), followed by Telecommunications - Service Provider at 9.64% (11.53%) and Banks - Public Sector at 7.03% (6.26%) among others in November 2007.

Sector wise, the scheme had reduced Computers - Software - Large to 2.21% (by 2.15%), Telecommunications - Service Provider to 9.64% (by 1.89%) and Engineering - Turnkey Services to 3.94% (by 1.09%) in November 2007.