Steady start for Smart Portfolios II

Cumulatively, the four money managers have invested Rs 12.62 lakh in the first four trading days of the new season. The managers started Smart Portfolios II started with an initial corpus of Rs 10 lakh each and the benchmark this time around is S&P CNX 500 index on the National Stock Exchange. There are some changes in the rules as compared to Season I and new faces as well.

Amar Ambani of India Infoline and Sadanand Shetty of Kotak Securities are now joined by Ajay Parmar of Emkay and Praveen Panjwani of Edelweiss. We shall talk about the details of each fund manager, their strategies and investment styles in the following weekly updates. Meanwhile, one can read about these money managers and their rationale behind a stock pick on the Business Standard website.

Last week the benchmark witnessed a marginal fall of 0.06 per cent. In other words, a virtual portfolio of S&P CNX 500 stocks with an initial corpus of Rs 10 lakh on September 1, 2009, is now valued at Rs 9.99 lakh as of September 4, 2009.

Amar Ambani, Sadanand Shetty and Praveen Panjwani have started on a positive note with marginal gains in the range of 0.35-1 per cent each. Ajay Parmar, however, has witnessed a marginal decline (0.9 per cent) in his networth.

Stay tuned for more ideas and investment strategies for the next one year from these experts as they look to out-perform the S&P CNX 500.

For more details on Smart Portfolios please visit https://www.business-standard.com/smartportfolios/

SEEKING A BALANCE

Sadanand Shetty
Vice President, Kotak Securities

Sadanand Shetty has begun the new season on a strong note. His portfolio is a mix of large-cap and mid-cap stocks, with investments of Rs 2.90 lakh. Prominent large-cap stocks in his portfolio are ONGC and Infosys.
 

Top Holdings	% of  assets	Cost (Rs) Price	Current price (Rs)	Value (Rs lakh)
ONGC	5.99	1187.00	1178.20	0.60
Jagran Prakash	5.54	97.36	101.00	0.56
Suzlon Energy	5.24	97.70	100.15	0.53
Gateway Distp	4.12	109.60	110.15	0.41
Indian Oil	4.01	614.85	618.90	0.40
Total investments	29.21			2.93
Cash	70.79			7.10
Net worth				10.03
Returns (%)	0.35

Jagran Prakashan with a gain of 3.7 per cent and Suzlon up 2.5 per cent from his cost price are the best performing stocks in his portfolio. Other gainers are Indian Oil and Gateway Distriparks. Shetty's portfolio value is now Rs 10.03 lakh, including cash of Rs 7.10 lakh.

SMALL-CAP FOCUS

Praveen Panjwani
Assistant Vice President, Edelweiss

Praveen Panjwani is off the block on a winning note. He has invested Rs 2.76 lakh in the first week---all in small-caps. Off the five stocks he holds, VIP Industries has zoomed nearly 16 per cent from his cost price and is the best performing stock in his portfolio followed by CMC up a little over 6 per cent.
 

Top Holdings	% of  assets	Cost (Rs) Price	Current price (Rs)	Value (Rs lakh)
McNally Bharat	7.47	193.00	194.40	0.75
VIP Inds	5.67	109.85	127.25	0.57
CMC	5.42	1032.10	1094.85	0.55
Aptech	5.09	256.15	263.60	0.51
Godrej Inds	4.60	194.70	182.35	0.46
Total investments	28.25			2.85
Cash	71.75			7.24
Net worth				10.09
Returns (%)	0.98

Godrej Industries, however, down 6.3 per cent is the sole loser in his portfolio. Panjwani's networth stands at Rs 10.10 lakh, and he holds Rs 7.24 lakh in cash.

IFCI-LED GAINS

Amar Ambani
Vice President (Research), India Infoline

After garnering massive gains and performing impressively in the first version of Smart Portfolios, Amar Ambani has begun the second season on a positive note. He bought stocks worth Rs 3.48 lakh. IFCI up nearly 9 per cent from his cost price is his best performing stock in this short period.
 

Top Holdings	% of  assets	Cost (Rs) Price	Current price (Rs)	Value (Rs lakh)
IFCI	5.84	53.90	58.65	0.59
Reliance Comm	5.82	286.30	292.05	0.58
Essar Oil	5.31	151.55	152.25	0.53
Navneet Publ	4.91	101.95	98.65	0.49
Guj Petronet	3.93	78.90	79.00	0.39
Total investments	35.06			3.52
Cash	64.94			6.52
Net worth				10.04