Fund managers in buy mode

The Smart Portfolios benchmark value now stands at Rs 11.23 lakh, up 12.31 per cent since its inception on September 1, 2009. Ajay Parmar and Amar Ambani continue to beat the benchmark by a wide margin with gains of 30.72 and 29.65 per cent, respectively, at Rs 13.07 lakh and Rs 12.96 lakh each. Phani Sekhar, who joined a fortnight later, and Vinay Khattar, who replaced Praveen Panjwani, have logged 11.61 per cent and 11.76 per cent gains each at Rs 11.16 lakh and Rs 11.18 lakh, respectively.

SINGLE TRADE
Phani Sekhar
Fund Manager – PMS, Angel Broking

Phani Sekhar executed a single trade, through which he exited from Mindtree for a gain of 13.5 per cent. Following this his cash levels rose to Rs 63,000 from Rs 2,000 earlier. Sekhar now holds 14 stocks in his portfolio. eClerx up nearly 55 per cent from his cost price is the top performer followed by Axis Bank and Esab India. Reliance Infrastructure with a loss of 15 per cent is the major laggard followed by Bharti Airtel and 3i InfoTech. His net worth declined by marginal 0.09 per cent in the week under review.
 

Top Holdings	% of assets	Cost Price (Rs)	Current price (Rs)	Value (Rs lakh)
eClerx	9.54	344.25	532.60	1.07
Reliance	9.27	1046.93	1100.45	1.03
Federal Bank	8.71	244.54	258.45	0.97
Reliance Infra	8.11	1183.00	1006.05	0.91
Bharti Airtel	7.64	326.74	310.15	0.85
Total investments	94.31	-	-	10.53
Cash	5.69	-	-	0.63
Net worth	-	-	-	11.16
Returns (%)	11.61	-	-	-

FULLY INVESTED
Vinay Khattar
Head – Research of WAIS, Edelweiss

Vinay Khattar executed 21 trades last week, of which 11 were on the buy side. His gross purchases amounted to Rs 4.12 lakh, while gross sales stood at Rs 2.98 lakh. Prominent buys included - eClerx, McNally Bharat, Sabero Organics, Sintex, Fortis Healthcare and Sesa Goa. He sold shares of Pantaloon, Jubilant Organosys, Techno Electric and Mahindra & Mahindra. Khattar now holds 16 stocks in his portfolio, of which six are trading below his cost price. Jubilant Foodworks, Aries Agro and McNally Bharat are the top performers, while Crew B.O.S. Products and Bombay Rayon are the prominent losers. His portfolio value appreciated by 1.18 per cent and he now holds cash of Rs 4,000.
 

Top Holdings	% of assets	Cost Price (Rs)	Current price (Rs)	Value (Rs lakh)
Escorts	10.02	145.01	154.45	1.12
Godawari Power	9.78	235.02	242.90	1.09
Havells India	9.73	563.17	587.75	1.09
Man Infracons	9.56	358.90	384.15	1.07
McNally Bharat	9.54	250.60	295.40	1.07
Total investments	99.66	-	-	11.14
Cash	0.34	-	-	0.04
Net worth	-	-	-	11.18
Returns (%)	11.76	-	-	-

BALANCED TRADES
Ajay Parmar
Head, Research (Institutional Equities) Emkay

Ajay Parmar executed six trades, three on each side. His gross purchases amounted to Rs 1.35 lakh, while gross sales totaled Rs 1.16 lakh. He bought IPCA Labs, Rain Commodities and McNally Bharat and sold Excel Crop Care, Trent and Monsanto. Parmar now holds 21 stocks, of which just four are trading below his cost price. Sesa Goa, JSW Steel and Gujarat NRE Coke are the top performers in his portfolio. Rain Commodities and Deccan Chronicle are the only notable losers. His net worth grew by 1.32 per cent to Rs 13.07 lakh, and he now holds Rs 11,000 in cash
 

Top Holdings	% of assets	Cost Price (Rs)	Current price (Rs)	Value (Rs lakh)
Sesa Goa	9.58	365.53	455.40	1.25
IPCA Labs	8.33	269.28	272.35	1.09
South Ind Bank	7.60	150.20	165.55	0.99
McNally Bharat	5.65	296.20	295.40	0.74
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