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| Betting big on the bulls |
| Rex Cano / Mumbai Jul 27, 2009, 00:30 IST |
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It was a good week for Smart Portfolios, as the markets rallied on the back of strong corporate earnings and positive global cues. The upswing in market fortunes saw three of the four fund manager’s pump in money aggressively.
At the end of the week, the Smart Portfolios benchmark portfolio value appreciated by 4.16 per cent to Rs 10.52 lakh as against Rs 10.10 lakh the week before. The benchmark’s virtual portfolio returns now stand at 5.18 per cent from its start value of Rs 10 lakh on September 1, 2008.
Meanwhile, our fund managers have outperformed the benchmark by a wide margin. Amar Ambani’s networth zoomed over 54 per cent to Rs 15.41 lakh, Anand Agarwal’s portfolio value soared 62.37 per cent to Rs 16.24 lakh, Kashyap Pujara’s networth moved up by 29.43 per cent to Rs 12.94 lakh and Sadanand Shetty’s portfolio value surged 41.31 per cent to Rs 14.13 lakh.
As mentioned earlier, last week three out of the four fund managers were aggressive buyers. Cumulatively, the four managers bought shares worth nearly Rs 5 lakh at the net level, with Shetty being the sole net seller of stocks worth almost Rs 40,000.
For more details on Smart Portfolios please visit http://www.business-standard.com/smartportfolios
MASSIVE GAINS
ANAND AGARWAL
Head - Products & Investments, Reliance Money
Anand Agarwal’s networth rose by 5.6 per cent last week, helped by some profit taking in TCS, ITC and Marico. Agarwal was a net buyer of stocks worth Rs 1.54 lakh, with gross purchases totaling Rs 5.86 lakh, and gross sales standing at Rs 4.32 lakh. Out of the 17 stocks that he holds, only two stocks have a market value in excess of Rs 1 lakh each and he is making money on each one of them. His top grosser is Navin Fluorine which registered a gain of nearly 19 per cent followed by Colgate Palmolive. His total investments stand at Rs 10.19 lakh with cash at Rs 6.05 lakh.
| Top Holdings |
% of
assets |
Cost (Rs)
Price |
Current
price (Rs) |
Value
(Rs lakh) |
| Tech Mahindra |
7.35 |
736.25 |
795.70 |
1.19 |
| Adlabs Films |
6.38 |
310.00 |
345.50 |
1.04 |
| Sintex |
5.17 |
200.20 |
209.95 |
0.84 |
| Navin Fluorine |
5.02 |
171.50 |
203.90 |
0.82 |
| MRF |
4.71 |
3552.25 |
3821.30 |
0.76 |
| Total investments |
62.75 |
|
|
10.19 |
| Cash |
37.25 |
|
|
6.05 |
| Net worth |
|
|
|
16.24 |
| Returns (%) |
62.37 |
|
|
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SPREADING RISKS
SADANAND SHETTY
Vice President, Kotak Securities
Sadanand Shetty outperformed the benchmark last week, with a gain of 6.3 per cent. The spike in portfolio value was attributed to smart profit taking in OnMobile, DLF, Jindal Steel and Power, GVK Power and Reliance Capital. Shetty was a net seller of stocks worth nearly Rs 40,000, with gross sales totaling Rs 4.43 lakh as against gross purchases of Rs 4.03 lakh.
He has 21 stocks in his portfolio, with risks evenly spread. His top five holdings account for around 29.3 per cent of his capital invested. His total investments stand at Rs 11.96 lakh, of which Rs 3.86 lakh is parked in his top five holdings as per market value. Shetty now holds cash of Rs 2.17 lakh.
|
Top Holdings
|
% of
assets
|
Cost (Rs)
Price
|
Current
price (Rs)
|
Value
(Rs lakh)
|
|
Ranbaxy Labs
|
5.64
|
274.00
|
281.10
|
0.80
|
|
Pantaloon Retail
|
5.62
|
264.05
|
291.50
|
0.80
|
|
Satyam
|
5.51
|
94.10
|
104.75
|
0.79
|
|
BHEL
|
5.19
|
2050.00
|
2244.00
|
0.74
|
|
Glenmark Pharma
|
5.15
|
252.00
|
267.00
|
0.73
|
|
Total investments
|
84.76
|
|
|
12.07
|
|
Cash
|
15.24
|
|
|
2.17
|
|
Net worth
|
|
|
|
14.24
|
|
Returns (%)
|
42.63
|
|
|
|
|
(Table updated on 27th July, 1200 noon)
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CONCENTRATED PORTFOLIO
KASHYAP PUJARA
Fund Manager, ENAM Direct
Kashyap Pujara’s portfolio value appreciated over 4 per cent in the week under review. He booked some gains in Reliance Capital and Oriental Bank of Commerce. Puajara was an aggressive net buyer of stocks worth Rs 2.83 lakh, with gross purchases amounting to Rs 5.18 lakh and gross sales at Rs 2.35 lakh.
His total investments account for 85 per cent of his networth, with almost 62 per cent capital invested in his top four holdings as per market value. Thus Rs 8.02 lakh out of Rs 11 lakh is invested in Balrampur Chini, Century Textiles, Aditya Birla Nuvo and ONGC. Pujara now holds Rs 1.94 lakh in cash.
| Top Holdings |
% of
assets |
Cost (Rs)
Price |
Current
price (Rs) |
Value
(Rs lakh) |
| Balrampur Chini |
20.83 |
91.00 |
107.85 |
2.70 |
| Century Textile |
14.58 |
273.00 |
471.75 |
1.89 |
| Aditya Birla Nuvo |
13.41 |
695.00 |
867.85 |
1.74 |
| ONGC |
13.05 |
1028.00 |
1126.20 |
1.69 |
| Madras Cements |
6.51 |
92.00 |
112.30 |
0.84 |
| Total investments |
85.01 |
|
|
11.00 |
| Cash |
14.99 |
|
|
1.94 |
| Net worth |
|
|
|
12.94 |
| Returns (%) |
29.43 |
|
|
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FOCUS ON MID-CAPS
AMAR AMBANI
Vice President (Research), India Infoline
Amar Ambani’s networth rose by 3.7 per cent last week, thanks largely to smart gains in Indiabulls Real Estate and Gujarat Petronet. Ambani was a net buyer of shares worth over Rs 1 lakh, with gross purchases totaling Rs 3.76 lakh, and gross sales at Rs 2.76 lakh.
More than half of Ambani’s capital is invested in the top five holdings as per market value. All these stocks fall in the mid cap space. His balance investments is in 11 stocks, prominent among which are Titan, Maruti, Reliance Capital and ICICI Bank. His total investments stand at Rs 10.08 lakh, and he continues to hold Rs 5.33 lakh in cash.
| Top Holdings |
% of
assets |
Cost (Rs)
Price |
Current
price (Rs) |
Value
(Rs lakh) |
| Reliance Ind Infra |
10.28 |
818.00 |
989.55 |
1.58 |
| Aban Offshore |
6.46 |
823.00 |
995.20 |
1.00 |
| Sunteck Realty |
6.17 |
2349.00 |
2375.40 |
0.95 |
| Indiabulls Real |
6.04 |
219.35 |
232.70 |
0.93 |
| Sesa Goa |
5.30 |
218.90 |
233.45 |
0.82 |
| Total investments |
65.41 |
|
|
10.08 |
| Cash |
34.59 |
|
|
5.33 |
| Net worth |
|
|
|
15.41 |
| Returns (%) |
54.07 |
|
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