'Fund managers inactive as markets remain volatile'

The markets saw a pull-back this week after a series of disappointing news dragged these down in the past month.

The gains in the market were largely on the back of a rally in global equities and hopes of cut in key policy rates by the Reserve Bank of India to boost sagging growth.

Two of the four fund managers of Smart Portfolios Season 4 remained active between May 30-June 6.

RIKESH PARIKH
VP (equity strategies),Motilal Oswal Securities

Parikh carried out three transactions during the period under review. He bought Allahabad Bank, Hindalco Industries and exited Gruh Finance. His current top holdings include Hindalco Industries, Power Finance Corporation, Allah-abad Bank, ICICI Bank and Jaiprakash Associates. Parikhs’s net worth is at Rs 9.96 lakh, down 0.37 per cent.

RIKESH PARIKH
Top holdings	Cost price (Rs)	Current price (Rs)	Value (Rs lakh)
Power Finance Corporation	166.04	155.65	0.62
Hindalco Industries	124.15	120	0.6
ICICI Bank	857.68	830.05	0.58
Allahabad Bank	183.41	136.45	0.58
Jaiprakash Associates	75.64	68.40	0.46
Total investments			5.29
Cash			4.64
Net worth			9.93

ASHISH MITTAL
Fund Manager (PMS), Centrum Wealth

Mittal remained inactive for the week. His top holdings, as of now, include Balmer Lawrie & Company, Karur Vysya Bank, Tide Water Oil Co (I), Bombay Burmah Trading Corporation and Unichem Laboratories. Mittal’s net worth stands at Rs 10.01 lakh, up 0.11 per cent.

ASHISH MITTAL
Top holdings	Cost price (Rs)	Current price (Rs)	Value (Rs lakh)
Balmer Lawrie & Company	618.48	577.65	0.75
Karur Vysya Bank	372.59	413.65	0.70
Tide Water Oil Co(I)	6,988.28	6,911.05	0.69
Unichem Laboratories Ltd	145.56	129.75	0.68
Bombay Burmah Trading Corp	490.42	524.85	0.66
Total investments			8.55
Cash			1.44
Net worth			9.99

ALEX MATHEWS
Head (technical and derivatives research),Geojit BNP Paribas Financial Services

Mathews carried out six transactions during the period under review. He exited from Hercules Hoists. Meanwhile, he bought MMTC, SKS Microfinance, Tech Mahindra, ICICI Bank and BF Utilities. 

His current top holdings include MMTC, MRF, Hindalco Industries, Aptech and State Bank of India. Mathews’ net worth totals Rs 9.58 lakh, down 4.12 per cent.

ALEX MATHEWS
Top holdings	Cost price (Rs)	Current price (Rs)	Value (Rs lakh)
MMTC	771.42	698.60	0.38
MRF	11,318.02	10,792.05	0.32
Hindalco Industries	128.83	120.00	0.24
Aptech	90.23	72.7	0.22
State Bank of India	2,208.51	2,167.95	0.22
Total investments			3.32
Cash			6.26
Net worth			9.58

AJAY PARMAR
Co-head (investment banking),Emkay Global

Parmar hasn’t made a transaction during the week. His current top holdings include Nestle India, State Bank of India, ICICI Bank, Tata Motors and Jindal South West Holdings. Parmar’s net worth is valued at Rs 9.39 lakh, down six per cent.

AJAY PARMAR
Top holdings	Cost price (Rs)	Current price (Rs)	Value (Rs lakh)
Tata Motors	234.99	236.45	0.47
Nestle India	4,715.31	4,548.15	0.45
State Bank of India	2,134.07	2,167.95	0.43
ICICI Bank	894.03	830.05	0.42
Jindal South West Holdings	563.66	550.45	0.41
Total investments			7.40
Cash			1.97
Net worth			9.37

For Smart Portfolios, visit www.smartinvestor.in/sp