|
| Season II ends on a high |
| Rex Cano / Mumbai Aug 27, 2010, 00:58 IST |
|
As we come to the end of the Smart Portfolios Season II, it could be worth noting that the fund managers, barring Phani Sekhar, have outperformed the benchmark for the second year running. An investment of Rs 10 lakh in the benchmark S&P CNX 500 index is today valued at Rs 11.96 lakh. Among the fund managers, Ajay Parmar's net worth has soared to Rs 14.60 lakh, Amar Ambani's portfolio value has galloped to Rs 15.55 lakh, Phani Sekhar's net worth is now 10.94 lakh and Vinay Khattar's portfolio value has jumped to Rs 12.76 lakh. The third season starts on September 1, with the same fund houses but a couple of new fund managers. So, watch out for details in this section and on the smartinvestor.in website.
Ajay Parmar
Head, Research (Institutional Equities), Emkay
Ajay Parmar invested heavily in media stocks like Den Networks, Wire & Wireless and Hathway Cable this month. However, Raymond and Jaibala were his top picks. Parmar booked profits in Lupin and eClerx while cutting losses in J K Tyre, J M Financials and IPCA Labs. In a recent interview, Parmar said he would like to hold on to Cadila, Torrent Pharma, Jubilant Foodiworks, Greaves Cotton, McNally Bharat, Talwalkars and Shri Ram Transport for the long term.
| Top Holdings |
% of
assets |
Cost
price (Rs) |
Current
price (Rs) |
Value
(Rs lakh) |
| Den Networks |
7.86 |
232.93 |
229.65 |
1.15 |
| Hathway Cables |
7.63 |
211.57 |
202.65 |
1.11 |
| Raymond |
6.45 |
283.25 |
376.90 |
0.94 |
| Rallis India |
5.76 |
735.26 |
1401.35 |
0.84 |
| Greaves Cotton |
5.42 |
371.95 |
395.50 |
0.79 |
| Total investments |
99.62 |
|
|
14.55 |
| Cash |
0.38 |
|
|
0.05 |
| Net worth |
|
|
|
14.60
|
| Returns (%) |
46.03 |
|
|
|
Amar Ambani
Vice-President (Research), India Infoline
For the second consecutive year, Amar Ambani has beaten the benchmark by a wide margin. In the first edition, his net worth had zoomed nearly 164 per cent. Ajanta Pharma, Wockhardt and Raymond were his top picks this August, followed by EIH Associated Hotels, D S Kulkarni, Tata Coffee, Den Networks, Greaves Cotton and Tata Motors. He netted the highest returns on his investment in Gitanjali Gems, followed by BF Utilities, Bharti Airtel, Omnitech and OnMobile. For this calendar year, Ambani is bullish on mid-caps, as he explains that many large-cap stocks appear stretched, whereas select mid-caps offer tremendous value.
| Top Holdings |
% of
assets |
Cost
price (Rs) |
Current
price (Rs) |
Value
(Rs lakh) |
| TRF |
4.45 |
829.41 |
813.35 |
0.69 |
| Raymond |
3.39 |
288.75 |
376.90 |
0.53 |
| Mindtree |
3.33 |
533.15 |
517.95 |
0.52 |
| Tata Coffee |
3.27 |
491.45 |
507.90 |
0.51 |
| Wockhardt |
3.20 |
197.00 |
226.25 |
0.50 |
| Total investments |
64.70 |
|
|
10.06 |
| Cash |
35.30 |
|
|
5.49 |
| Net worth |
|
|
|
15.54
|
| Returns (%) |
55.45 |
|
|
|
Phani Sekhar
Fund Manager (PMS), Angel Broking
Phani Sekhar has been on the sidelines since May 20, 2010. He is fully invested and his portfolio has 15 stocks. He has been overweight on frontline counters like Reliance Infrastructure, Tech Mahindra, Reliance Industries and Bharti Airtel. However, these are trading below his cost price. Sekhar re-emphasised his investing strategy in a recent interview and highlighted the phenomenon of compounding that creates wealth over a period of time. Staying invested over longer periods of time (20 years) can generate high returns on your investment and make you wealthy.
| Top Holdings |
% of
assets |
Cost
price (Rs) |
Current
price (Rs) |
Value
(Rs lakh) |
| Reliance Infra |
8.26 |
1183.00 |
1003.45 |
0.90 |
| Tech Mahindra |
8.25 |
853.35 |
668.40 |
0.90 |
| JK Tyre |
8.23 |
174.45 |
174.75 |
0.90 |
| Reliance |
8.22 |
1046.93 |
956.45 |
0.90 |
| Bharti Airtel |
8.08 |
326.74 |
321.55 |
0.88 |
| Total investments |
99.93 |
|
|
10.93 |
| Cash |
0.07 |
|
|
0.01 |
| Net worth |
|
|
|
10.94
|
| Returns (%) |
9.38 |
|
|
|
Vinay Khattar
Head, Research (WAIS), Edelweiss
Vinay Khattar's fresh buys this month were GVK Power, Sesa Goa and IDBI Bank. He was trading in DLF, Unitech, Aries Agro, Yes Bank and Action Construction scrips. On the other hand, he booked profit in McLeod Russel, Hindalco, Havells India and Pipavav Shipyard. Interestingly, Khattar has shed his positions, and now holds Rs 8.17 lakh cash, while his investments are valued at Rs 4.59 lakh. He is bullish on the India consumption story, which includes agriculture, consumer durables, auto and banking. Among categories of stocks, he would be looking for growth and turnaround stories in the small and mid-cap space.
| Top Holdings |
% of
assets |
Cost
price (Rs) |
Current
price (Rs) |
Value
(Rs lakh) |
| GVK Power |
7.24 |
47.83 |
46.20 |
0.92 |
| Hero Honda |
7.24 |
1861.00 |
1846.85 |
0.92 |
| SKS Micro |
6.37 |
1145.10 |
1161.40 |
0.81 |
| Sesa Goa |
5.03 |
328.25 |
320.95 |
0.64 |
| IDBI Bank |
3.92 |
127.75 |
125.15 |
0.50 |
| Total investments |
35.96 |
|
|
4.59 |
| Cash |
64.04 |
|
|
8.17 |
| Net worth |
|
|
|
12.76
|
| Returns (%) |
27.59 |
|
|
|
|
|
|
|
|
|
|
|
|
|
 Read Business news in |  |
|
|
|
|
|
|
Advertisements |
|
|
|
|
|
|
|
|
|
|
Content Guide
