Home BusinessBig gains for Smart Portfolios
For the first time in Smart Portfolios 2009, fund managers outperformed the benchmark in terms of returns. While the S&P CNX 500 index scaled nearly 4 per cent last week, Ajay Parmar, Amar Ambani and Praveen Panjwani were able to post gains in excess of 4 per cent each.
- "Bottom-up market ripe for investors" - Steady start for Smart Portfolios II - Small-cap route to returns - "Markets fairly valued" - "Mid-caps trading at attractive valuations" - smart-portfolios-turns-positive/21/10/360283/" class="textMost" title="Smart Portfolios turns positive">Smart Portfolios turns positive
In the week under review, fund managers were mostly inactive with 14-odd trades conducted by the two of them. Cumulatively they were net buyers of stocks worth Rs 22,305. An investment of Rs 10 lakh at the start of Smart Portfolios on September 1, 2009, is now worth Rs 10.90 lakh.
BALANCED TRADES
Amar Ambani,
Vice President (Research), India Infoline
Amar Ambani"s net worth rose by 5.31 per cent to Rs 10.90 lakh from Rs 10.35 lakh for the week ended October 16, 2009. Ambani executed 12 trades, six each on the buy and sell sides. He was a net buyer of stocks worth Rs 22,430. Ambani booked gains of 28.13 per cent and 8.56 per cent on his investment in Nagarjuna Construction and Edelweiss Capital, respectively.
On the other hand, he booked losses of 1.18 per cent, 7.55 per cent and 4.48 per cent on Navneet Publications, MindTree and Patni Computers, respectively. Ambani"s top three picks include Indian Overseas Bank (up 41.71 per cent from cost price), followed by MRF (up 29.92 per cent) and Lanco Infra (up 19.84 per cent).
Top Holdings
% of
assets
Cost
Price (Rs)
Current
price (Rs)
Value
(Rs lakh)
Suzlon Energy
7.99
93.68
88.95
0.87
Indian Overs Bk
6.46
94.70
134.20
0.70
MRF
6.11
4659.70
6054.00
0.67
Unitech
5.78
107.01
103.25
0.63
Essar Oil
5.35
151.55
166.60
0.58
Total investments
99.91
10.89
Cash
0.09
0.00
Net worth
10.90
Returns (%)
9.04
Out of 22 stocks in his portfolio, five are trading below his purchase price with Suzlon (down 5.05 per cent) being the biggest loser. It is followed by 3i Infotech (down 3.65 per cent) and IndiaBulls Securities (down 3.59 per cent). Ambani too holds minimal cash of Rs 897 only, and his portfolio value has appreciated by 9.04 per cent till date.
SUBSTANTIAL JUMP
Ajay Parmar
Head Research Institutional Equities, Emkay
Ajay Parmar"s portfolio value appreciated sharply by 6.23 per cent to Rs 10.91 lakh from Rs 10.27 lakh in the preceding week. Parmar executed two trades, one on the buy and the other on the sell side and at the net level sold stocks worth Rs 125. He exited from Hinduja Ventures scrip for a loss of 7.4 per cent, and bought TV18 at a marginally discounted price.
Top Holdings
% of
assets
Cost
Price (Rs)
Current
price (Rs)
Value
(Rs lakh)
Torrent Pharm
10.75
269.00
335.00
1.17
Bhushan Steel
9.20
1185.87
1337.50
1.00
Orbit Corp
6.12
194.05
267.00
0.67
Bajaj Auto
5.76
1494.20
1570.00
0.63
TV18 India
5.42
106.28
92.80
0.59
Total investments
99.91
10.90
Cash
0.09
0.00
Net worth
10.91
Returns (%)
9.08
The top three picks in his portfolio currently are Orbit Corporation (up 37.59 per cent from his cost price), Torrent Pharma (up 24.54 per cent) and HDIL (up 18.95 per cent). Out of the 18 stocks in his portfolio only three are in the red, TV18 is down 12.68 per cent from his cost price followed by Hinduja Ventures (down 3.74 per cent) and Sabero Organics (down 0.82 per cent). Parmar"s net worth is up 9.08 per cent since inception, and he holds a small amount in cash.
NO TRADE WEEK
Phani Sekhar
Fund Manager - PMS, Angel Broking
Phani Sekhar"s net worth appreciated by 2.34 per cent in the week under review. He did not execute any trades during the week. Of the 11 stocks in his portfolio just three are below cost price. Bharti Airtel (down 7.98 per cent) and Bharati Shipyard (down 6.97 per cent) are the prominent losers.
Top Holdings
% of
assets
Cost
Price (Rs)
Current
price (Rs)
Value
(Rs lakh)
Eclerx
10.27
344.25
385.50
1.08
Rel Infra
9.87
1194.80
1296.50
1.04
Reliance
9.82
2093.85
2194.85
1.03
Axis Bank
9.67
901.30
1015.90
1.02
Federal Bank
9.28
245.60
243.85
0.98
Total investments
82.23
8.64
Cash
17.77
1.87
Net worth
10.51
Returns (%)
5.09
On the winning side, Crompton Greaves (up 16.83 per cent), HDFC Bank (up 13.68 per cent) and Axis Bank (up 12.71 per cent) are the top three performing stocks in his portfolio. Almost 49 per cent of his total investments are in the five companies by value. Sekhar holds cash of Rs 1.87 lakh, and his portfolio value is up 5.09 per cent from the start at Rs 10.51 lakh.
ON THE SIDELINES AGAIN
Praveen Panjwani
AVP, Edelweiss
Praveen Panjwani continued to remain on the sidelines for the second straight week. Of the 19 stocks in his portfolio, nine are trading above his purchase price. VIP Industries with a gain of 35.46 per cent is his best pick followed by CMC (up 18.65 per cent) and KEC International (up 8.84 per cent).
Top Holdings
% of
assets
Cost
Price (Rs)
Current
price (Rs)
Value
(Rs lakh)
CMC
10.89
1070.28
1269.90
1.14
Guj Petronet
10.00
81.75
87.40
1.05
Adhunik Metal
7.58
102.05
109.00
0.80
McNally Bharat
7.04
193.00
190.30
0.74
Aptech
5.26
256.15
282.95
0.55
Total investments
84.27
8.84
Cash
15.73
1.65
Net worth
10.49
Returns (%)
4.92
On the losers pack are TCS with a loss of 8.84 per cent followed by Maruti Suzuki (down 7.10 per cent) and Bhushan Steel (down 6.13 per cent). Panjwani"s net worth is now Rs 10.49 lakh, up 4.92 per cent, and he holds Rs 1.65 lakh cash.