Fund managers in buy mode

An initial investment of Rs 10 lakh in the benchmark S&P CNX 500 index at the start of Smart Portfolios on September 1, 2009, is today valued at Rs 11.08 lakh. While Ajay Parmar's net worth has risen by 24.42 per cent to Rs 12.44 lakh, Amar Ambani's portfolio value has appreciated by 26.74 per cent to Rs 12.67 lakh. Phani Sekhar's portfolio value has moved up by 9.36 per cent to Rs 10.94 lakh and Vinay Khattar's net worth is up 7.69 per cent at Rs 10.77 lakh.

REVAMP TIME
Vinay Khattar
Head – Research of WAIS, Edelweiss

Vinay Khattar executed 19 trades last week, 11 on the buy side. He was a net buyer of stocks worth Rs 2.32 lakh following which his cash levels have declined to Rs 53,011. His fresh investments include Havell's India, Man Infraconstruction, Jubilant Foodworks, Bombay Rayon and Jubilant Organosys. At the same time Khattar has increased his holdings in Techno Electric, Escorts, Aries Agro and McNally Bharat. Through his sell orders, he booked notable gains in GTL Infrastructure and McNally Bharat but saw losses on his investments in Pantaloon Retail and Kingfisher Airlines.
 

Top Holdings	% of assets	Cost Price (Rs)	Current Price (Rs)	Value (Rs lakh)
Fortis Health	10.10	139.07	181.30	1.09
Escorts	8.74	143.05	156.95	0.94
Man Infracons	8.55	358.90	331.30	0.92
Techno Electric	8.48	220.85	225.00	0.91
Jubilant Organosys	8.04	347.00	346.35	0.87
Total investments	95.08	-	-	10.24
Cash	4.92	-	-	0.53
Net worth	-	-	-	10.77
Returns (%)	7.69	-	-	-

STILL ON THE SIDELINES
Phani Sekhar
Fund Manager – PMS, Angel Broking

Phani Sekhar preferred to remain on the sidelines for the third straight week. His net worth saw a marginal gain of 0.9 per cent last week. Of the 15 stocks in his portfolio, 10 are trading above his cost price. eClerx with a gain in excess of 38 per cent is the major gainer followed by Axis Bank and Esab India. On the other hand, Reliance Infrastructure is down 15.51 per cent from his cost price followed by Bharti Airtel and Reliance. His cash levels are low at Rs 2,044.
 

Top Holdings	% of assets	Cost Price (Rs)	Current Price (Rs)	Value (Rs lakh)
Federal Bank	9.12	244.54	265.20	1.00
Reliance	8.78	1046.93	1021.60	0.96
eClerx	8.69	344.25	475.35	0.95
Reliance Infra	8.23	1183.00	999.55	0.90
3i Infotech	8.08	81.01	80.35	0.88
Total investments	99.82	-	-	10.92
Cash	0.18	-	-	0.02
Net worth	-	-	-	10.94
Returns (%)	9.36	-	-	-

BUY, BUY, BUY
Ajay Parmar
Head, Research (Institutional Equities) Emkay

Ajay Parmar executed six trades, all on the buy side. He bought shares worth Rs 2.74 lakh at the net level, following which his cash levels have now dropped to Rs 1.26 lakh. Last week, his net worth too declined by 1.58 per cent. His fresh investments include Orbit Corporation, McNally Bharat, Sintex, South Indian Bank and Excel Crop Care. Parmar now has 18 stocks in his portfolio, of which just six are under-performers. Sesa Goa and JSW Steel are the top performers while OCL India and Excel Corp Care are the major laggards.
 

Top Holdings	% of assets	Cost Price (Rs)	Current Price (Rs)	Value (Rs lakh)
Sesa Goa	9.57	365.53	433.00	1.19
Cadila Health	8.01	721.02	797.55	1.00
South Ind Bank	7.06	150.20	146.30	0.88
Monsanto	5.45	1763.00	1695.65	0.68
Gujarat NRE Coke	5.21	74.50