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| Cautious approach |
| Rex Cano / Mumbai Jun 18, 2010, 00:00 IST |
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After pulling out money in the previous week, the Smart Portfolios fund managers adopted a cautious approach in employing cash this week. The same can be vindicated by the fact that just ten trades were executed by the four fund managers in the last five trading days. Given the uncertainty over economic developments and monsoon, the fund managers perhaps are waiting for clear direction. The fund managers cumulatively were net buyers of Rs 2.79 lakh. The Smart Portfolios benchmark S&P CNX 500 portfolio value grew by 2.7 per cent to Rs 11.31 lakh.
Ajay Parmar
Head Research Institutional Equities, Emkay
Ajay Parmar executed just one trade wherein he bought 100 shares of eClerx for an investment of Rs 58,000. In the past week, his networth grew by 3.8 per cent to Rs 13.25 lakh. Parmar has 23 stocks in his portfolio, of which Rallis India and Excel Crop Care are the top performers with gains around 45 per cent each. On the other hand JM Financial and JK Tyre are the major losers, down around 17 per cent each. Parmar’s investments are valued at Rs 9.73 lakh, while he holds Rs 3.52 lakh cash.
| Top Holdings |
% of
assets |
Cost
price (Rs) |
Current
price (Rs) |
Value
(Rs lakh) |
| Torrent Pharm |
6.31 |
545.75 |
557.20 |
0.84 |
| Lupin |
5.67 |
1510.25 |
1879.90 |
0.75 |
| Greaves Cotton |
5.29 |
371.95 |
350.40 |
0.70 |
| eClerx |
4.83 |
577.00 |
640.60 |
0.64 |
| Rallis India |
4.79 |
735.26 |
1058.15 |
0.63 |
| Total investments |
73.43 |
|
|
9.73 |
| Cash |
26.56 |
|
|
3.52 |
| Net worth |
|
|
|
13.25
|
| Returns (%) |
32.52 |
|
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Amar Ambani
Vice President (Research), India Infoline
Amar Ambani executed four trades, all on the buy side. His net purchases totaled Rs 1.44 lakh. His fresh investments are United Phosphorous, MRF, FAG Bearings and Astec Life. He holds 21 stocks in his portfolio, of which Lanco Infratech and Banco Products are the top gainers, up 12 per cent each. Sesa Goa down over 6 per cent is the major loser. Barring IDFC where he has invested over Rs 70,000, investment in other stocks are valued in the range of Rs 26,000-40,000. Ambani’s cash levels stand high at around Rs 5.96 lakh, while his total investments are valued at Rs 7.76 lakh.
| Top Holdings |
% of
assets |
Cost
price (Rs) |
Current
price (Rs) |
Value
(Rs lakh) |
| IDFC |
5.51 |
154.89 |
164.35 |
0.76 |
| Astec Life |
2.96 |
65.45 |
67.60 |
0.41 |
| Indian Bank |
2.79 |
212.75 |
225.55 |
0.38 |
| Bata India |
2.78 |
267.60 |
272.30 |
0.38 |
| United Phos |
2.76 |
187.90 |
189.50 |
0.38 |
| Total investments |
56.54 |
|
|
7.76 |
| Cash |
43.46 |
|
|
5.96 |
| Net worth |
|
|
|
13.72
|
| Returns (%) |
37.21 |
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Vinay Khattar
Head – Research of WAIS, Edelweiss
Vinay Khattar executed five trades last week, one of the sell side. His net investments totaled Rs 76,000. Fresh buys include Balaji Telefilms, HDFC and Timken while he sold BGR Energy — for a gain of nearly 14 per cent on his invesment. Khattar’s total investments are now valued at Rs 8.08 lakh, and he hold Rs 3.45 lakh cash. His portfolio is made up of 14 stocks, of which Reliance Communications and Balaji Telefilms with gains of 19 per cent and 12 per cent, respectively, are the major movers. Bajaj Finserve down over 6 per cent the major laggard in his portfolio.
| Top Holdings |
% of
assets |
Cost
price (Rs) |
Current
price (Rs) |
Value
(Rs lakh) |
| Tata Motors |
6.33 |
769.50 |
802.20 |
0.73 |
| Sabero Org |
6.30 |
73.80 |
76.70 |
0.73 |
| Havells India |
6.25 |
610.05 |
627.00 |
0.72 |
| Aries Agro |
6.13 |
120.00 |
121.35 |
0.71 |
| Sterlite Tech |
6.11 |
101.25 |
101.95 |
0.70 |
| Total investments |
70.10 |
|
|
8.08 |
| Cash |
29.90 |
|
|
3.45 |
| Net worth |
|
|
|
11.53
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| Returns (%) |
15.33 |
|
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Phani Sekhar
Fund Manager — PMS, Angel Broking
Phani Sekhar continued to remain on the sidelines, while his networth jumped 3.3 per cent to Rs 11.10 lakh — thanks to the significant RISE in Reliance stocks. He has 15 stocks in his portfolio, of which Axis Bank is the major gainer, up nearly 35 per cent, followed by Power Finance, up 25.5 per cent.
| Top Holdings |
% of
assets |
Cost
price (Rs) |
Current
price (Rs) |
Value
(Rs lakh) |
| Reliance Infra |
9.71 |
1183.00 |
1198.40 |
1.08 |
| Reliance |
9.07 |
1046.93 |
1071.40 |
1.01 |
| Tech Mahindra |
9.04 |
853.35 |
743.95 |
1.00 |
| 3i Infotech |
8.00 |
80.26 |
63.45 |
0.89 |
| JK Tyre |
7.84 |
174.45 |
169.00 |
0.87 |
| Total investments |
99.93 |
|
|
11.10 |
| Cash |
0.07 |
|
|
0.01 |
| Net worth |
|
|
|
11.10
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| Returns (%) |
11.04 |
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On the other hand, Bharti Airtel has shed over 18 per cent, and it is followed by 3i Infotech, down almost 21 per cent. Sekhar remains fully invested with total investments standing at Rs 11.10 lakh, with just mere Rs 753 as cash in hand.
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