It was yet another week of losses for our markets, with Smart Portfolios networth declining by 6 per cent. An investment of Rs 10 lakh in the benchmark (BSE 200 index) at the start of Smart Portfolios on September 1, 2008, is now worth about Rs 5.51 lakh - down almost 45 per cent.

The ongoing global economic slowdown is the reason for the market's downturn. However, in these turbulent times our fund managers continue to outperform the benchmark by a wide margin. The steepest cut among our four fund managers is 18.2 per cent, while the least is a mere 0.8 per cent.

Despite this, net purchases for the week amounted to Rs 0.98 lakh. For the week, while the benchmark shed 6 per cent, our fund managers’ returns varied in the range of zero to a negative 2 per cent.

AGGRESSIVE BUYER
KASHYAP PUJARA
Fund Manager, ENAM Direct

Kashyap Pujara was an aggressive buyer last week. In the five trades he executed just one was on the sell side. He bought shares worth Rs 1.59 lakh, and sold Rs 0.25 lakh, resulting into net outflows of Rs 1.33 lakh. In the single sell trade, he booked a marginal loss of 3 per cent in Sun Pharma.
 

On the other hand, through his aggressive buying, Pujara added Reliance, Punjab National Bank and Sesa Goa to his portfolio. Pujara's net worth now stands at Rs 8.27 lakh, of which over 50 per cent is invested in stocks and the balance Rs 4.08 lakh is in cash.

GAINS AND LOSSES
SADANAND SHETTY
Vice President, Kotak Securities

Sadanand Shetty executed five trades last week, three of which were on the sell side. Despite this, he was a net buyer of shares worth Rs 0.11 lakh. He bought shares worth Rs 0.27 lakh and sold just Rs 0.15 lakh. He booked a gain of 7.5 per cent on his investment in Piramal Healthcare.
 

However, he suffered a loss of over 52 per cent in HDIL. Shetty added Power Finance to his portfolio, while averaging his holdings in Maruti. His net worth now has dipped over 13 per cent to Rs 8.69 lakh, including Rs 5.64 lakh of cash.

ON A SELLING SPREE
ANAND AGARWAL
Fund Manager, Reliance Money

Anand Agarwal was the most active fund manager last week, with 16 trades. However, most (11) were on the sell side. While he bought shares worth Rs 1.41 lakh, he sold stocks worth Rs 2.09 lakh. In the 11 sell orders he executed, Agarwal ended up booking losses in all of them, varying in the range of 5-25 per cent.
 

He exited from Axis Bank, Balrampur Chini and Reliance Communications, while he bought ONGC and Bharti Airtel. Agarwal's net worth now stands at Rs 8.18 lakh, including Rs 6.26 lakh of cash.

STILL CASH RICH
AMAR AMBANI
Vice President (Research), India Infoline

Amar Ambani, after remaining on the sidelines for two weeks, executed three trades last week. He exited Sun Pharma for a loss of over 5 per cent, and then re-entered the stock at a slightly lower price.
 

He also added Hindustan Unilever to his portfolio. His net outflows amounted to Rs 0.22 lakh. At the end of the week, Ambani's net worth stood at Rs 9.92 lakh, and he continues to hold Rs 9.25 lakh in cash.

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