'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