Smart Portfolios continues out-performance

In the past six months there have been enough hiccups, especially during the first two months where the average returns were largely negative. However, the fund managers through their various trading-cum-investment strategies have worked their way out. As things stand today, Ajay Parmar and Amar Ambani have reported gains in excess of 30 per cent each. At the same time, Vinay Khattar’s portfolio value has appreciated by 14.5 per cent, while Phani Sekhar has reported gains of 11.4 per cent.

Coincidentally, Phani Sekhar, who lags the benchmark marginally till date, also under-performed the benchmark last week. But, when one considers the overall returns one should note that Sekhar had joined Smart Portfolios a fortnight later as compared to others. Coming back to last week’s performance, average gains of the other three fund managers stood at over 2 per cent each while the benchmark moved up by 0.7 per cent. Last week, the fund managers cumulatively net bought shares worth around Rs 29,000.

A SINGLE TRADE
Phani Sekhar
Fund Manager – PMS, Angel Broking

Phani Sekhar executed just one trade, wherein he exited from MindTree for a net gain of 13.5 per cent. He has adopted a steady approach since start, and holds 14 stocks in his portfolio. Currently, six stocks are trading below their purchase price.
 

Top Holdings	% of   assets	Cost  price (Rs)	Current price (Rs)	Value (Rs lakh)
Reliance	9.22	1046.93	1092.05	1.03
eClerx	9.05	344.25	504.10	1.01
Federal Bank	8.95	244.54	264.95	1.00
Reliance Infra	8.20	1,183.00	1,015.10	0.91
Esab India	8.04	475.00	617.80	0.90
Total investments	94.31			10.50
Cash	5.69			0.63
Net worth				11.14
Returns (%)	11.37

Reliance Infrastructure with a loss of over 14 per cent is the biggest laggard followed by Bharti Airtel, which is down 7.5 per cent. On the positive front, eClerx leads the pack with a gain in excess of 46 per cent followed by Esab India and Axis Bank, both up by over 30 per cent each. Sekhar now holds Rs 63,400 in cash.

CHURN TIME
Vinay Khattar
Head – Research of WAIS, Edelweiss

Vinay Khattar, too, was quite active last week, with 19 trades of which 10 were on the buy side. Last week, his net worth rose by 2.4 per cent to Rs 11.45 lakh from Rs 11.18 lakh previously. Prominent buys include Sesa Goa, BGR Energy, Sintex, Fortis Healthcare and Exide. On the other hand, he sold Jubilant FoodWorks, Man Infraconstruction, Jubilant Organosys and Bombay Rayon.
 

Top Holdings	% of   assets	Cost   price (Rs)	Current  price (Rs)	Value (Rs lakh)
Escorts	10.51	145.01	166.10	1.20
Godawari Power	10.25	235.02	260.80	1.17
Havells India	10.05	563.17	622.05	1.15
McNally Bharat	9.77	250.60	309.95	1.12
Aries Agro	9.58	97.14	122.20	1.10
Total investments	99.96			11.45
Cash	0.04			0.00
Net worth				11.45
Returns (%)	14.53

Khattar has 14 stocks in his portfolio, of which just three are trading below his purchase price. Sabero Organics and eClerx down over 5 per cent each are the prominent losers, while Escorts, McNally Bharat and Aries Agro lead the winners pack with gains of 15-26 per cent each. His overall returns now stand higher at 14.5 per cent, and cash levels are almost zero.

NO TRADES
Ajay Parmar
Head, Research (Institutional Equities) Emkay

In the week under review, Ajay Parmar did not trade in the markets. However, his net worth appreciated by 1.8 per cent to Rs 13.31 lakh from Rs 13.07 lakh earlier. His total returns stand at a whopping 33.1 per cent. Parmar holds 21 stocks in his portfolio, of which just four are trading below their cost price.
 

<

Top Holdings	% of   assets	Cost  assets	Current price (Rs)	Value (Rs lakh)
Sesa Goa	9.72	365.53	470.40	1.29
IPCA Labs	8.19	269.28	272.40	1.09
South Ind Bank	7.95	150.20	176.25	1.06