Mixed week for Smart Portfolios

Phani Sekhar and Praveen Panjwani still lag the benchmark in terms of returns. Interestingly both of them chose to remain on the sidelines last week. The former's portfolio value has appreciated by 5.24 per cent till date, which includes 1.45 per cent gain last week. Praveen Panjwani's net worth last week declined by 2.34 per cent, which has brought down his net returns till date to 0.26 per cent.

Barring Amar Ambani, all other fund managers continue to remain fully invested.

REVAMPED PORTFOLIO
Ajay Parmar Head, Research (Institutional Equities) Emkay

Ajay Parmar re-vamped his portfolio last week by including stocks like Fresenius Kabi Oncology, Aurionpro Solutions, Rain Commodities, Geometric and Micro Inks. On the other hand, he booked partial gains on his investment in IVR Prime, Panacea Biotech, Sabero Organics and Sterlite Technologies.
 

Top Holdings	% of assets	Cost Price (Rs)	Current Price (Rs)	Value (Rs lakh)
Torrent Pharm	8.86	393.49	404.75	1.01
Orbit Corp	8.73	305.61	284.75	1.00
Tata Elxsi	7.68	231.80	250.60	0.88
Aurionpro Soln	7.04	266.21	277.20	0.80
Sabero Organics	6.92	59.42	65.85	0.79
Total investments	99.85	-	-	11.41
Cash	0.15	-	-	0.02
Net worth	-	-	-	11.42
Returns (%)	14.22	-	-	-

His gross purchases of stocks amounted to Rs 2.66 lakh, while sales totaled Rs 2.65 lakh. Parmar has 19 stocks in his portfolio, of which IVR Prime, Ador Welding and Sabero Organics are the top performers. The laggards include Orbit Corporation and Geometric. Parmar's net worth now stands at Rs 11.42 lakh, and he holds cash of Rs 1,678.

ON THE SIDELINES
Praveen Panjwani Assistant Vice President, Edelweiss

Praveen Panjwani was on the sidelines for the week under review. He has 24 stocks in his portfolio, of which VIP Industries and CMC with gains of 32 per cent and 23.79 per cent are the best performers.
 

Top Holdings	% of assets	Cost Price (Rs)	Current Price (Rs)	Value (Rs lakh)
CMC	11.89	1070.28	1324.95	1.19
Guj Petronet	11.60	81.75	96.90	1.16
McNally Bharat	7.98	193.00	206.25	0.80
KEC Internl	5.29	530.25	558.80	0.53
VIP Inds	4.84	109.85	145.00	0.49
Total investments	99.56	-	-	9.98
Cash	0.44	-	-	0.04
Net worth	-	-	-	10.02
Returns (%)	0.26	-	-	-

On the other hand, 10 stocks are trading in negative territory, of which Godrej Industries and KNR Construction are the major laggards. Panjwani's net worth now stands at Rs 10.02 lakh, and he holds cash of Rs 4,434.

STEADY APPROACH
Phani Sekhar Fund Manager – PMS, Angel Broking

Phani Sekhar continued with his wait-and-watch strategy. He has adopted this approach right from the start of Smart Portfolios. His total turnover (buying and selling) till date stands around Rs 13.25 lakh, the least among all the fund managers. Out of the 13 stocks in his portfolio only two are trading in the negative.
 

Top Holdings	% of assets	Cost Price (Rs)	Current Price (Rs)	Value (Rs lakh)
eClerx	10.66	344.25	400.55	1.12
Federal Bank	10.05	244.54	245.90	1.06
Reliance	9.57	1046.93	1071.25	1.00
Axis Bank	9.54	901.30	1003.75