| A lacklustre week |
| Rex Cano / Mumbai February 09, 2009, 0:15 IST |
The markets last week exhibited extremely lacklustre movement amid a thin range. The benchmark BSE 200 index was down almost 1.5 per cent at 3,378. Similarly, the portfolio value of Rs 10 lakh invested, at the start of the Smart Portfolios on September 1, 2008, has now dropped to Rs 6.12 lakh as against Rs 6.21 lakh the week before. The benchmark index and the portfolio value of the funds invested are down almost 38 per cent till date.
The Smart Portfolios fund managers fared much better last week, with marginal declines in the range of zero to 0.5 per cent each. The four fund managers executed a total of nine trades last week. Out of this five were on the buy side, and four on the sell side.
Together, they bought shares worth Rs 88,321 and sold stocks worth Rs 85,052. Since the markets have not done much, and there has been little change in Smart Portfolios, today we bring you a quick review of which stocks have worked and which have not for our fund managers so far.
TAKING PROFITS
AMAR AMBANI
Vice President (Research), India Infoline
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Amar Ambani in the single trade that he executed last week, exited from Renuka Sugars. In doing so, he booked 6.3 per cent profit on his investment in the counter. So far, since the start of Smart Portfolios, Ambani has executed a total of 27 complete trades (buy and sell), of which he has booked profits in 15, and loss in the rest.
| Top Holdings | % of assets | Cost (Rs) Price | Current price (Rs) | Value (Rs lakh) |
| Reliance Comm | 1.63 | 251.3 | 162.5 | 0.16 |
| Total investments | 1.61 | - | - | 0.16 |
| Cash | 98.39 | - | - | 9.79 |
| Net worth | - | - | - | 9.95 |
| Returns (%) | -0.45 | - | - | - |
His best bet so far has been a 40.5 per cent gain in Reliance, which increased his capital by Rs 12,117. And, his worst bet has been Jaiprakash Associates, which accounted for a loss of 29.3 per cent or Rs 9,496. He now holds only Reliance Communications worth Rs 16,000, and is sitting on Rs 9.79 lakh of cash.
BALANCING ACT
SADANAND SHETTY
Vice President, Kotak Securities
Sadanand Shetty executed four trades; two on the buy side and an equal number on the sell side. While he added Sun Pharma to his portfolio, he exited from Lupin and reduced his holdings in Areva T&D. In doing so, he booked a loss of nearly 17 per cent in Lupin, while managing a marginal gain of 4 per cent in Areva T&D.
| Top Holdings | % of assets | Cost (Rs) Price | Current price (Rs) | Value (Rs lakh) |
| Reliance Ind | 4.46 | 1169.58 | 1343.50 | 0.40 |
| SBI | 3.72 | 1154.76 | 1118.35 | 0.34 |
| Areva T&D | 3.34 | 185.31 | 188.55 | 0.30 |
| Sun Pharma | 3.15 | 1043 | 1052.50 | 0.28 |
| Allied Digital | 2.59 | 330 | 275.00 | 0.23 |
| Total investments | 25.91 | - | - | 2.34 |
| Cash | 74.09 | - | - | 6.69 |
| Net worth | - | - | - | 9.03 |
| Returns (%) | -9.69 | - | - | - |
Out of 114 completed trades so far, Shetty has booked profits in 53 trades. His best bet ICICI Bank gave him gains of over 52 per cent while Glenmark Pharma, his worst pick, set him back by 58 per cent. He currently has 10 stocks in his portfolio, of which four are in the green. His net worth stands at Rs 9.03 lakh, including Rs 6.69 lakh cash.
PARTIAL PROFIT-TAKING
ANAND AGARWAL
Fund Manager, Reliance Money
Anand Agarwal in a single trade executed last week sold half his holdings in Jet Airways for a smart profit of 9.5 per cent. Agarwal has completed 73 trades so far, out of which he has booked gains in 34 transactions.
| Top Holdings | % of assets | Cost (Rs) Price | Current price (Rs) | Value (Rs lakh) |
| Jet Airways | 4.94 | 163.25 | 167.0 | 0.42 |
| Reliance Comm | 3.84 | 167.25 | 162.5 | 0.33 |
| Total investments | 8.76 | - | - | 0.74 |
| Cash | 91.24 | - | - | 7.71 |
| Net worth | - | - | - | 8.45 |
| Returns (%) | -15.43 | - | - | - |
His best bet so far has been Satyam Computer where he gained 49 per cent. His worst is Deccan Aviation with a loss of 67.5 per cent. At the end of the week, Agarwal continues to hold RCom in his portfolio along with Jet Airways.
BUY MODE
KASHYAP PUJARA
Fund Manager, ENAM Direct
Kashyap Pujara was in buy mode last week. Out of the total Rs 88,321 invested by our fund managers last week, he alone bought shares worth Rs 60,160 in the three trades that he executed. While he added Sun Pharma and Bank of Baroda to his portfolio, he also upped his holdings in GAIL.
| Top Holdings | % of assets | Cost (Rs) Price | Current price (Rs) | Value (Rs lakh) |
| SBI | 9.17 | 1156.14 | 1118.35 | 0.78 |
| Sterlite | 6.20 | 410.13 | 264.75 | 0.53 |