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Small-cap route to returns
Rex Cano / Mumbai Aug 24, 2009, 00:33 IST

The markets were in consolidation mode last week, with the Smart Portfolios benchmark BSE 200 index moving in a narrow band of 3.60 per cent (65 points). The index eventually ended with a loss of 1.23 per cent at 1,865. Global cues, especially from China, had a major bearing on the markets throughout the week.

For the week ended August 21, the BSE 200 portfolio value declined marginally by Rs 13,000 to Rs 10.47 lakh. However, the networth is still up 4.67 per cent when compared to its original virtual corpus of Rs 10 lakh at the start of Smart Portfolios on September 1, 2008.

Amar Ambani and Anand Agarwal were net sellers of stocks worth Rs 1.35 lakh and Rs 1.69 lakh, respectively. While Kashyap Pujara stayed on the sidelines, Sadanand Shetty net sold stocks worth Rs 5.70 lakh. Cumulatively, the four managers were net sellers of stocks worth Rs 8.74 lakh as against net purchases of stocks worth Rs 13.19 lakh in the preceding week.

Amar Ambani’s networth now stands at Rs 24.80 lakh up almost 148 per cent from its initial virtual corpus of Rs 10 lakh. Anand Agarwal's portfolio value is Rs 21.84 lakh, up 118.40 per cent. Kashyap Pujara’s portfolio value is Rs 13.06 lakh, up 30.63 per cent, and Sadanand Shetty's net worth stands at Rs 15.75 lakh, up 57.48 per cent.

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CONCENTRATED NEST
ANAND AGARWAL Head – Products & Investments, Reliance Money

Anand Agarwal has just five stocks in his portfolio. His total investments in these five stocks account for nearly 89 per cent of his current networth. His top holding is Numeric Power (Rs 9.99 lakh) which accounts for over 51 per cent of total investment value of Rs 19.36 lakh.

Strides Arcolab is the only stock from his current holdings which is below his buy price and is down 2.2 per cent. Agarwal’s portfolio now includes cash of Rs 2.48 lakh.

Top Holdings % of 
assets
Cost 
Price (Rs)
Current
Price (Rs)
Value
(Rs lakh)
Numeric Power 45.77 372.00 494.80 9.99
Rasoi 19.83 301.00 360.95 4.33
Sakthi Sugar 15.33 79.68 83.70 3.35
Strides 4.10 152.49 149.20 0.90
Bannari Aman 3.64 1315.00 1324.00 0.79
Total investments 88.64     19.36
Cash 11.36     2.48
Net worth       21.84
Returns (%) 118.40      

DIVERSIFIED PORTFOLIO
SADANAND SHETTY Vice President, Kotak Securities

Sadanand Shetty’s 12 stocks are a mix of large-, mid- and small-cap stocks. The four large-caps in his portfolio are all from the Sensex 30 – TCS, Infosys, Reliance Industries and Bharti. He holds mid-caps, and small-caps such as United Phosphorous, GVK Power, NDTV, Taj GVK Hotel and BGR Energy. Four stocks in his portfolio are currently below his cost price.

Reliance Industries is down 14 per cent. United Phosphorous and Dhampur Sugar are down 6.8 per cent and 5.2 per cent respectively. Taj GVK Hotel is up 25.8 per cent from his cost price. TCS and BGR Energy are up 12.5 per cent and 10.9 per cent respectively. Shetty's total investments stands at Rs 9.84 lakh, and he holds cash Rs 5.91 lakh.

Top Holdings % of 
assets
Cost 
Price (Rs)
Current
Price (Rs)
Value
(Rs lakh)
United Phos 7.62 166.21 154.85 1.20
GVK Power 6.48 43.15 47.45 1.02
NDTV 6.04 157.00 158.45 0.95
United Spirits 5.67 888.68 893.00 0.89
JSW Steel 5.57 687.25 701.35 0.88
Total investments 62.48     9.84
Cash 37.52     5.91
Net worth       15.75
Returns (%) 57.48      

NO TRADE WEEK
KASHYAP PUJARA Fund Manager, ENAM Direct

Kashyap Pujara has nine stocks in his portfolio and these are a mix of large- and mid-caps. EID Parry (3.2 per cent), Reliance Communications (21.4 per cent) and Shipping Corporation (11.1 per cent) are the laggards in his portfolio. The top performers in his portfolio are Century Textiles and Aditya Birla Nuvo.

While the former is up 56.7 per cent from his purchase price, the latter is up 39.4 per cent. Pujara's portfolio is a mix of large- and mid-cap stocks. ONGC, Aditya Birla Nuvo, Oriental Bank of Commerce and Reliance Communications are the blue chips in his portfolio. Some of the mid-caps in his kitty are Balrampur Chini, EID Parry and Shipping Corporation. His total investments are at Rs 12.27 lakh and constitute around 94 per cent of his current networth. He holds cash of Rs 79,400.

Top Holdings % of 
assets
Cost 
Price (Rs)
Current
Price (Rs)
Value
(Rs lakh)
Balrampur Chini 26.34 96.27 114.70 3.44
Aditya Birla Nuvo 14.83 695.00 968.70 1.94
ONGC 13.68 1028.00 1191.40 1.79
Century Textiles 13.1 273.00 427.85 1.71
EID Parry 9.31 313.99 304.05 1.22
Total investments 93.95     12.27
Cash 6.05     0.79
Net worth       13.06
Returns (%) 30.63      

SMALL-CAP HEAVY
AMAR AMBANI Vice President (Research), India Infoline

Amar Ambani has 11 stocks in his portfolio, of which just one – Maruti Suzuki– is a large cap. He has invested almost 63 per cent of his funds of his total investments in small-caps such as Numeric Power (Rs 9.90 lakh) and Elantas (Rs 4.42 lakh).

Hindustan Oil Exploration and NIIT Technologies are some of the mid-caps that he holds. Just two of his stocks are below his cost price – Sakthi Sugar down 4.3 per cent and Jai Corp down 2.9 per cent. Ambani now holds Rs 2.04 lakh cash.

Top Holdings % of 
assets
Cost 
Price (Rs)
Current
Price (Rs)
Value
(Rs lakh)
Numeric Power 39.91 372.00 494.80 9.90
Elantas 17.81 254.00 441.60 4.42
Sakthi Sugar 10.13 87.46 83.70 2.51
Megasoft 9.16 26.30 30.50 2.27
Jai Corp 3.97 220.20 213.80 0.98
Total investments 91.77     22.76
Cash 8.23     2.04
Net worth       24.80
Returns (%) 147.96      

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