The rally in the market resulted in a better performance for all our fund managers, except Vinay Khattar. The Smart Portfolios benchmark, the S&P CNX 500, rose 2.97 per cent last week. An investment of Rs 10 lakh in the benchmark at the start of Season II on September 1, 2009, is now valued at Rs 11.08 lakh — a gain of 10.75 per cent.

The fund managers were in bullish mode last week. The three fund managers cumulatively executed 45 trades, of which 36 were on the buy side, resulting in net purchases of Rs 11.88 lakh.

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Ajay Parmar executed 26 trades last week — 18 were on the buy side. His portfolio value advanced by 2.58 per cent to Rs 13.13 lakh over the previous week. Parmar's investments stand at Rs 13.09 lakh, while he holds just Rs 4,000 in cash. His mainstream pharma stocks are giving him returns in the range of 3-42 per cent. He added OnMobile, Chambal Fertilisers, Educomp Solns and JM Financial to his portfolio for a consideration of Rs 1.12 lakh. He exited Godawari Power, Zylog System and Essar Shipping.
  

Amar Ambani
Vice-President (Research), India Infoline

Amar Ambani did some more buys last week. As a result of his net purchases of Rs 2.89 lakh, his portfolio ended in the positive with a marginal rise of 0.9 per cent at Rs 13.7 lakh, as against a negative return of 0.6 per cent in the previous week. Despite aggressive buying, he continues to hold a fairly high amount of cash at Rs 4.94 lakh. Ambani's portfolio is looking relatively healthy, with overall returns of 37 per cent since the inception of Smartpolios II. Four of his top picks – IDFC, Gulf Oil, Zandu Realty and Indian Bank – are giving positive returns in the 3-13 per cent range.
 

Vinay Khattar
Head, Research (WAIS), Edelweiss

Vinay Khattar, with all eight buy orders last week, was the only fund manager whose portfolio value decreased 1.4 per cent to Rs 11.23 lakh. He made a fresh purchases in ONGC, UCO Bank and Sterlite Technologies. He also added Havells India, Tata Motors, Sabero Organics, Ashok Leyland and Aries Agro. Khattar was a net buyer worth Rs 5.19 lakh and continues to hold Rs 5.33 lakh in cash. Piramal Healthcare was the biggest loser in his portfolio, down 11.5 per cent. Tata Motors, Aries Agro and Sterlite Technologies were down marginally. ONGC and UCO Bank were up four-five per cent.
 

Phani Sekhar
Fund Manager (PMS), Angel Broking

Phani Sekhar remained on the sidelines of the stock market last week. However, the gains in the market saw his net worth inch up 1.2 per cent to Rs 10.85 lakh.

Tech Mahindra, Bharti Airtel, Punj Llyod, MphasiS and 3i Infotech are the major losers in his portfolio. The losses incurred on these counters were in the range of 13-18 per cent each. However, his banking majors Axis Bank and ICICI Bank, along with such other stocks as Power Finance Corporation and Great Eastern Shipping, acted as his saviour. Each of these were up from two per cent to 38 per cent. He is fully invested, and holds a minimal amount of Rs 1,000 as cash.
 

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