The bear hug got tighter as markets worldwide tumbled on fears of a deeper recession in the US. Since the start of Smart Portfolios, the BSE 200 index has given negative returns on a weekly basis till date in the last seven weeks.
The index is now down a whopping 32.5 per cent at 1,202, against a level of 1,782 on September 1. In portfolio value terms, an investment of Rs 10 lakh in the BSE 200 index now stands at Rs 6.74 lakh, a loss of 3.26 lakh.
No doubt that our Smart Portfolios too are feeling the heat of the meltdown in stock prices. However, the four fund managers continued to beat the benchmark index. While Amar Ambani continued to remain in cash, Anand Agarwal and Sadanand Shetty saw positive returns in the week under review.
A quick look at the weekly returns suggest that while the BSE 200 index slipped over 4 per cent (52 points), it was only Kashyap Pujara who saw a net drop of 3.5 per cent in his net worth from Rs 8.40 lakh for the week ended October 10 to Rs 8.10 lakh for the week ended October 17.
On the other hand, Anand Agarwal saw a marginal increase in his net worth from Rs 8.41 lakh to Rs 8.44 lakh, and Sadanand Shetty’s net worth appreciated by 3 per cent to Rs 8.66 lakh from Rs 8.40 lakh in previous week.
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Anand Agarwal
Fund Manager
Reliance Money
Purchases last week: Rs 70,135
Sales last week: Rs 63,860
Anand Agarwal made good his losses in other blue chip stocks by investing in banks. He bought 100 shares of ICICI Bank and 50 shares of Axis Bank in last week's downturn, and is now sitting with decent gains of 7.5 per cent and 12 per cent respectively.
| ANAND AGARWAL, Reliance Money | ||||
| Top Holdings | % of assets | Cost (Rs) Price | Current price (Rs) | Value (Rs lakh) |
| Jet Airways | 8.67% | 497.13 | 243.85 | 0.73 |
| Bharti Airtel | 6.01% | 754.07 | 676.80 | 0.51 |
| Reliance Comm | 5.54% | 385.55 | 233.95 | 0.47 |
| ICICI Bank | 4.64% | 364.10 | 391.70 | 0.39 |
| SBI | 4.19% | 1298.30 | 1413.95 | 0.35 |
| Total investments | 39.10% | 3.3 | ||
| Cash | 60.90% | 5.14 | ||
| Net worth | 8.44 | |||
| Returns (%) | -15.58 | |||
SBI, which he bought earlier, is also earning him 8.9 per cent returns. However, his net worth saw just a marginal increase as he booked a near 50 per cent loss on his Tata Steel investment. He sold 200 shares in the company and booked a loss of almost Rs 31,000.
Jet Airways and telecom majors Bharti Airtel and Reliance Communications continue to constitute a major part of his portfolio. While his net worth now stands at Rs 8.44 lakh he continues to hold over Rs 5 lakh in cash.
INJECTING GAINS
Sadanand Shetty
Vice President
Kotak Securities
Purchases last week: Rs 39,262.50
Sales last week: Rs 1,15,681.50
Sadanand Shetty saw a 3 per cent rise in his net worth mainly on account of a sharp 29 per cent rise in Glenmark Pharma. He holds 104 shares of the company, and the stock price rose from Rs 357 to Rs 460 last week.
| SADANAND SHETTY, Kotak Securities | ||||
| Top Holdings | % of assets | Cost (Rs) Price | Current price (Rs) | Value (Rs lakh) |
| Lupin | 5.63% | 702.81 | 624.70 | 0.49 |
| Glenmark | 5.52% | 533.04 | 460.00 | 0.48 |
| Reliance Ind | 4.52% | 1654.54 | 1,305.25 | 0.39 |
| Bajaj Auto | 4.22% | 565.77 | 522.15 | 0.37 |
| Bartronics | 3.63% | 140.75 | 100.70 | 0.31 |
| Total investments | 39.74% | 3.4 | ||
| Cash | 60.26% | 5.2 | ||
| Net worth | 8.7 | |||
| Returns (%) | -13.4 | |||
Apart from this, he bought 20 shares of Titan, 130 shares of Bartronics and 15 shares of Lupin. He also sold 20 shares of Titan and 130 shares of Bartronics, which he had purchased earlier. His net worth as on October 17, stands at Rs 8.66 lakh and he continues to hold 5.22 lakh in cash.
RELIANCE HURTS
Kashyap Pujara
Fund Manager
Enam Direct
Purchases last week: Rs 75,055
Sales last week: Rs 41,575
Kashyap Pujara added another 50 shares of Reliance Industries to his portfolio following an addition of 75 Reliance shares in the previous week. However, he did sell 25 shares of the company and booked a loss of Rs 4,749. On October 17, he continued to hold 150 shares of Reliance, which amounted to 24 per cent of his portfolio, valued at Rs 1.96 lakh.
| KASHYAP PUJARA, ENAM Direct | ||||
| Top Holdings | % of assets | Cost (Rs) Price | Current price (Rs) | Value (Rs lakh) |
| Reliance Ind | 24.16% | 1640.73 | 1305.25 | 1.96 |
| Sterlite Ind | 10.08% | 482.67 | 272.25 | 0.82 |
| Century Textiles | 5.01% | 343.87 | 203 | 0.41 |
| ICICI Bank | 4.83% | 521.55 | 391.7 | 0.39 |
| Reliance Comm | 2.89% | 374.08 | 233.95 | 0.23 |
| Total investments | 46.96% | 3.8 | ||
| Cash | 53.04% | 4.3 | ||
| Net worth | 8.1 | |||
| Returns (%) | -18.95 | |||
Apart from Reliance, he bought 25 shares of ICICI Bank in the recent fall. While his net worth has dropped considerably by 19 per cent to Rs 8.11 lakh, he still continues to hold around Rs 4.30 lakh in cash.
STILL IN CASH
Amar Ambani
Vice President (Research)
India Infoline
Purchases last week: Nil
Sales last week: Nil
Amar Ambani continued to hold 100 per cent cash throughout the week after having liquidated all his holdings the week before.
His net worth stands at Rs 9.87 lakh, a marginal decline of just 1.3 per cent from the starting corpus of Rs 10 lakh.