Smart Portfolios: Fund managers yet to deploy cash

It seems the sudden spike at the start of the season has left most of our fund managers holding on to cash. Barring Shishir Bajpai, who is going neck-to-neck with the benchmark, it would be interesting to see how they cope up with the early lead which the benchmark has taken.

As mentioned in our earlier update, Ajay Parmar and Vinay Khattar from Season 2 are continuing for Season 3. In addition, we have two new fund managers in Shishir Bajpai and Siddarth Bhamre from IIFL Private Wealth and Angel Broking, respectively. The game has just begun. So, stay tuned to www.smartinvestor.in for an action-packed year ahead.

Also, do keep us updated with your feedback.

Ajay Parmar
Ajay Parmar’s net worth is almost unchanged at Rs 10 lakh. His total investments stand at Rs 7.26 lakh, while he holds Rs 2.74 lakh cash. He said he will be following a top-down and bottom-up approach for investment in mid-cap and large-cap companies. So far, he has invested in Natco Pharma, TRF, Chambal Fertilisers, Shriram EPC, Infinite Computers and JK Tyres, among a few others.
 

Ajay Parmar, head (research - institutional equities), Emkay
Top Holdings	Cost price (Rs)	Current price (Rs)	Value (Rs lakh)
Natco Pharma	291.03	289.75	0.08
TRF	842.00	859.00	0.64
Chambal Fertilisers	75.38	76.05	0.61
Infinite Computer	183.20	185.00	0.56
Shriram EPC	275.35	276.90	0.55
Total investments			7.26
Cash			2.74
Net worth			10.00

Shishir Bajpai
Shishir Bajpai has replaced Amar Ambani from the fund house IIFL. His investment style for the next one year would be to look out for value picks across sectors and categories. He would prefer to adopt a bottom-up approach. Sharp gains on his investment in IDBI Bank, Gitanjali Gems, JSW Steel, Ajmera Realty & Infra and UB Engineering has helped him get neck-to-neck with the Smart Portfolios benchmark’s return. His portfolio value has surged to Rs 10.45 lakh, up 4.5 per cent. His investments are valued at Rs 9.60 lakh, while he holds Rs 84,000 cash.
 

Shishir Bajpai, senior vice-president, IIFL Private Wealth
Top Holdings	Cost price (Rs)	Current price (Rs)	Value (Rs lakh)
Gitanjali Gems	197.35	212.35	1.06
JSW Steel	1154.15	1217.00	1.03
IRB Infrastructure	285.20	291.15	1.02
Ispat Industries	20.85	21.45	1.02
Ajmera Realty	214.80	225.50	1.01
Total investments			9.60
Cash			0.84
Net worth			10.45

Siddarth Bhamre
Siddarth Bhamre has replaced Phani Sekhar from Angel Broking. In his investment style, he talks about switching between value- and growth-oriented stocks in the investment cycle, riding on the wave of liquidity. Bhamre has invested in large-cap stocks like Reliance, Wipro and Reliance Infrastructure. He also holds Suzlon, ABG Shipyard, MphasiS, United Phosphorous and TajGVK Hotels. His net worth has moved up 1.4 per cent to Rs 10.14 lakh. His total investments are now worth Rs 5.19 lakh, while he holds Rs 4.95 lakh as cash in hand.
 

Siddarth Bhamre, Head - Equity Derivatives, Angel Broking
Top Holdings	Cost price (Rs)	Current price (Rs)	Value (Rs lakh)
ABG Shipyard	241.63	252.90	0.51
MphasiS	640.00	645.10	0.48
Reliance	928.50	958.50	0.48
Wipro	405.15	408.65	0.41
TajGVK Hotels	162.80	161.65	0.40
Total investments			5.19
Cash			4.95
Net worth			10.14

Vinay Khattar
Vinay Khattar’s portfolio value is up marginally, by 0.3 per cent at Rs 10.03 lakh. His investments are valued at Rs 7.69 lakh, while he holds Rs 2.33 lakh cash. His investment style would be to create a portfolio of stocks across market capitalisations with a view to capture either growth or value unlocking. His investments, so far, are Aries Agro, Sterlite Technologies, Action Construction, KEI Industries, Idea Cellular and West Coast Paper Mills, among others.
 

Vinay Khattar, head (research - WAIS), Edelweiss
Top Holdings	Cost price (Rs)	Current price (Rs)	Value (Rs lakh)
Aries Agro	171.97	181.90	1.00