A week of low activity

A corpus of Rs 10 lakh invested in the benchmark on September 1, 2008 is worth Rs 7.31 lakh - a decline of nearly 27 per cent. Fund managers, barring Amar Ambani, with the same corpus have registered losses in the range of just 2-8 per cent each.

Interestingly enough, the BSE 200 index out-performed the main index, the Sensex, which gained 2 per cent last week, however it under-performed the Mid-cap and the Small-cap indexes which gained around 3.4 per cent and 4.9 per cent, respectively.

Fund managers continued to book profits following the recent sharp rally in the markets. Barring Shetty, others have just three to four stocks in their portfolio. Only three fund managers were active last week, and cumulatively they sold stocks worth Rs 0.89 lakh at the net level. Out of a total of 20 trades executed, 12 were on the sell side, and eight on the buy side.

NET WORTH RISES
AMAR AMBANI
Vice President (Research), India Infoline

Amar Ambani's net worth continues to rise, and is now up 2.5 per cent from its initial corpus of Rs 10 lakh, at Rs 10.25 lakh. Last week, his portfolio value saw a gain of 0.7 per cent. In the two trades that he executed last week, he exited from ABB and IDFC for a gain of 13.3 per cent and 10.3 per cent, respectively.
 

Top Holdings	% of assets	Cost (Rs) Price	Current price (Rs)	Value (Rs lakh)
United Spirits	3.20	701.20	729.90	0.33
Hindustan Unilever	2.32	222.00	238.20	0.24
Guj State Petronet	2.16	37.95	40.35	0.22
Total investments	7.71	-	-	0.79
Cash	92.30	-	-	9.46
Net worth	-	-	-	10.25
Returns (%)	2.52	-	-	-

He was a net seller of stocks worth Rs 0.69 lakh. Right from the start, Ambani continues to maintain high amount of cash in his portfolio. He currently holds Rs 9.46 lakh as cash, while his total investments stand at Rs 0.79 lakh.

NEARING BREAK-EVEN POINT
SADANAND SHETTY
Vice President, Kotak Securities

Sadanand Shetty executed 10 trades last week, of which six were on the sell side. He bought shares worth Rs 0.73 lakh, and sold stocks worth Rs 0.82 lakh - net sales stood at Rs 0.09 lakh. He exited with a smart gain of over 50 per cent on his investment in Tata Steel, and a net gain of around 18 per cent in Power Finance.

He also booked partial profit in the range of 26-28 per cent in Ess Dee Aluminium and Balrampur Chini. On the other hand, he has added Oracle Financial and Shriram Transport to his portfolio. His net worth increased by 1.7 per cent to Rs 9.76 lakh, and is now down just 2.5 per cent since the inception of Smart Portfolios.
 

Top Holdings	% of assets	Cost (Rs) Price	Current price (Rs)	Value (Rs lakh)
Reliance Ind	5.28	1169.58	1717.50	0.52
Balrampur Chini	4.79	58.27	70.30	0.47
Godrej Consumer	4.17	121.76	135.45	0.41
SBI	4.02	1154.76	1306.35	0.39
Areva T&D	3.58	185.31	218.45	0.35
Total investments	31.59	-	-	3.08
Cash	64.41	-	-	6.67
Net worth	-	-	-	9.75
Returns (%)	-2.45	-	-	-

His total investment value stands highest among the four fund managers at Rs 3.08 lakh, and correspondingly the cash is lowest at Rs 6.67 lakh.

ON THE SIDELINES
KASHYAP PUJARA
Fund Manager, ENAM Direct

Kashyap Pujara remained on the sidelines. It may be recalled that in the week before too he executed just a single trade - exited from Yes Bank. However, his portfolio value has seen a gain of 1.6 per cent, and now stands at Rs 9.33 lakh - still down 6.7 per cent from the start of Smart Portfolios.
 

Top Holdings	% of assets	Cost (Rs) Price	Current price (Rs)	Value (Rs lakh)
SBI	14.00	1099.56	1306.35	1.31
Idea Cellular	5.79	47.55	54.05	0.54
Century Textiles	4.68	343.87	218.40	0.44
Total investments	24.44	-	-	2.28
Cash	75.56	-	-	7.05