Online BusinessMixed show by fund managers
Last week, the markets traded in a narrow range and finally ended in red. The Smart Portfolios benchmark, S&P CNX 500 index, shed 2.12 per cent (89.85 points) to settle at 4,153.05. In the process, the benchmark"s portfolio value depreciated to Rs 10.81 lakh from Rs 11.04 lakh in the preceding week. In the process, the benchmark-based portfolio"s net worth is now higher by 8.15 per cent when compared to the initial corpus of Rs 10 lakh at the start of Smart Portfolios on September 1, 2009.
- Mixed week for Smart Portfolios - Healthy gains for Smart Portfolios - Dubai crisis singes markets - Riding on the rally - Strategic moves - Marginal decline in networth
Only two fund managers - Amar Ambani and Ajay Parmar - were active last week. Both of them sold stocks at the net level. At the net level, while Ambani sold stocks worth Rs 22,537, Parmar sold stocks worth Rs 4.33 lakh. Phani Sekhar and Praveen Panjwani remained on the sidelines during the week. Compared to the benchmark, these managers had a mixed outing.
Ajay Parmar and Amar Ambani outperformed the benchmark in terms of return with marginal losses of 0.26 per cent and 0.35 per cent, respectively. Phani Sekhar"s weekly loss was almost as same as the benchmark at 2.03 per cent, while Panjwani’s weekly loss was slightly on the higher side at 2.82 per cent.
BOOKING PROFITS
Ajay Parmar
Head, Research (Institutional Equities) Emkay
Ajay Parmar booked profits during the week. His gross sales for the week amounted to Rs 7.09 lakh as against stock purchases worth Rs 2.76 lakh. Parmar booked handsome gains of over 30 per cent on his investment in HEG. Ador Welding (gain of 15.6 per cent), Ashapura Minechem and IVR Prime were some of the other significant profitable trades.
On the other hand, he booked some losses on his investments in Orbit Corporation and Sintex. He now has 13 stocks in the portfolio, of which seven are trading above their cost price. Parmar"s net worth is now valued at Rs 11.42 lakh, up 14.19 per cent. The cash levels in his portfolio have increased sharply to Rs 4.35 lakh, thanks to the profit booking during last week.
Top Holdings
% of
assets
Cost
Price (Rs)
Current
Price (Rs)
Value
(Rs lakh)
Sterlite Tech
7.27
307.11
319.20
0.83
Torrent Pharma
6.89
396.75
393.45
0.79
Rain Commodities
6.88
200.99
224.50
0.79
Aurionpro Solutions
6.86
266.21
270.05
0.78
Bhushan Steel
5.85
1361.00
1337.10
0.67
Total investments
61.93
7.07
Cash
38.07
4.35
Net worth
11.42
Returns (%)
14.19
24-STOCK PORTFOLIO
Praveen Panjwani
Assistant Vice President, Edelweiss
Praveen Panjwani did not execute any trades last week. He has 24 stocks in his portfolio, of which 13 are above the cost price. VIP Industries has surged over 39 per cent from his acquisition price and is the top performer in his portfolio. CMC, Gujarat Petronet and Pidilite are the other top performers.
On the other hand, Godrej Industries down 10.73 per cent is the major drag, followed by KNR Construction and Allahabad Bank. Panjwani’s net worth has dipped marginally below the initial corpus level and stood at Rs 9.94 lakh. He holds Rs 4,434 as cash in hand
Top Holdings
% of
assets
Cost
Price (Rs)
Current
Price (Rs)
Value
(Rs lakh)
CMC
11.82
1070.28
1310.90
1.18
Guj Petronet
11.44
81.75
95.15
1.14
McNally Bharat
7.86
193.00
202.30
0.78
KEC Internl
5.52
530.25
579.95
0.55
VIP Inds
5.14
109.85
153.15
0.51
Total investments
99.56
9.94
Cash
0.44
0.04
Net worth
9.98
Returns (%)
-0.15
STILL STEADY
Phani Sekhar
Fund Manager – PMS, Angel Broking
Phani Sekhar continued with his steady approach. He has 13 stocks in his portfolio, of which eClerx is the major gainer, up 16.67 per cent followed by Esab India and HDFC Bank. Reliance Infrastructure (down 13 per cent) followed by Bharti Airtel and ICICI Bank are the major losers in his portfolio.
Sekhar’s net worth is now up 1.59 per cent at Rs 10.16 lakh. However, it may be noted that he had joined Smart Portfolios on September 18, 2009. So, when compared to this, his returns are marginally lesser compared to the benchmark"s net return of 3.23 per cent during this period.
Top Holdings
% of
assets
Cost
Price (Rs)
Current
Price (Rs)
Value
(Rs lakh)
eClerx
11.07
344.25
401.65
1.12
Federal Bank
10.13
244.54
239.35
1.03
Reliance
9.32
1046.93
1007.65
0.95
Axis Bank
9.20
901.30
934.30
0.93
Reliance Infra
9.12
1183.00
1029.00
0.93
Total investments
99.80
10.14
Cash
0.20
0.02
Net worth
10.16
Returns (%)
1.59
BALANCING ACT
Amar Ambani,
Vice President (Research), India Infoline
Amar Ambani executed four trades last week, two each on either side. His gross purchases totalled Rs 79,320 and gross sales amounted to Rs 1.02 lakh. While he booked a gain of 6.76 per cent on his investment in NRB Bearings, his investment in Brigade Enterprises is lower by 7.43 per cent than the cost price.
Ambani has 16 stocks in his portfolio, of which five are in positive territory. Sasken Communication with a gain of nearly 7 per cent is the top performer. On the other hand, PVP Ventures (down nearly 32 per cent) is the biggest loser followed by Redington and 3i Infotech. Ambani"s net worth is now up 12.80 per cent at Rs 11.28 lakh. He holds Rs 3.76 lakh in cash.
Top Holdings
% of
assets
Cost
Price (Rs)
Current
Price (Rs)
Value
(Rs lakh)
Sasken Comm
5.10
168.25
179.75
0.58
Hind Oil Exp
4.79
270.75
270.25
0.54
Kpit Infosys
4.60
127.50
129.75
0.52
Adhunik Metal
4.55
97.50
93.40
0.51
IFCI
4.51
51.60
50.85
0.51
Total investments
66.67
7.52
Cash
33.33
3.76
Net worth
11.28
Returns (%)
12.80
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