Fund managers turn net sellers

In the pre-holiday mood, the markets exhibited lacklustre movements this week. Shishir Bajpai and Vinay Khattar were active. They executed 25 trades, of which 15 were on the sell side. Ajay Parmar and Siddharth Bhamre preferred to stay away from the markets in the last four trading days.

Bajpai and Khattar were net sellers of stocks worth Rs 1.05 lakh and Rs 2.24 lakh, respectively. The Smart Portfolios’ benchmark S&P CNX 500 index’s net worth increased marginally to Rs 10.63 lakh from Rs 10.57 lakh.

Ajay Parmar
Ajay Parmar has been on the sidelines for more than a month now. His net worth declined 2.13 per cent from Rs 10.35 lakh to Rs 10.13 lakh. Of the 22 stocks in his portfolio, 15 are in the red. Coromandel International, Gitanjali Gems, Manali Petrochemical and LIC Housing Finance are the major laggards in his portfollo, down 22-50 per cent.

On the other hand, Unichem Laboratories, eClerx Services, Aurobindo Pharma and Greaves Cotton are the major gainers, up 20-31 per cent. Parmar holds cash worth just Rs 9,000.

Shishir Bajpai
Shishir Bajpai was the most active fund manager last week with 13 trades, of which seven were on the sell side. He sold stocks worth Rs 6.83 lakh and bought shares worth Rs 5.78 lakh. He booked profits in all the seven sell orders. On his investments in Tata Motors, Sterlite Industries, TCS and Satyam Computer, he made gains of 5-8 per cent each.

On the other hand, he added Reliance Industries, Jai Balaji Industries, Indiabulls Real Estate and Alok Industries to his portfolio, which are up nearly 1 per cent each. The value of his investment is Rs 9.18 lakh and he holds cash worth Rs 4.16 lakh.

Siddharth Bhamre
Siddharth Bhamre too remained on the sidelines last week. He is fully invested and his net worth improved marginally to Rs 9.60 lakh from Rs 9.53 lakh the week before. He has 20 stocks in his portfolio, out of which just two, Reliance Industries and 3i Infotech (up 2-4 per cent), are above his cost price. Among the remaining 18 stocks in his portfolio, JK Tyre & Industries, Kingfisher Airlines, Hindustan Construction Company and IVRCL Infrastructures are the major losers, down 22-29 per cent each. Aban Offshore, Mcleod Russel India, Patel Engineering, Unitech and Electrosteel Castings are the other significant laggards.

Vinay Khattar
Vinay Khattar executed 12 trades, eight of which were on the sell side. In the six out of the eight sell trades, Shree Renuka Sugars was the most profitable trade with a gain of over 21 per cent. Meanwhile, he booked gains of 6-7 per cent on his investments in SAIL, Delta Corp and Whirlpool. Khattar made fresh purchases in stocks such as Petronet LNG, Firstsource Solutions and MphasiS. His investment stands at Rs 4.99 lakh and he holds cash worth Rs 5.57 lakh.