At a time when the markets seemed moving within a tight range during the period (December 09 to till date) under review, fund managers had the last laugh by picking stocks cheap especially from the broader market. It is this move that helped managers the most when the S&P CNX 500, which is down 0.63% since December 9 till date, individual portfolios outperformed smartly. For the week ended December 27, the consistent outperformance of the broader markets through the week was the talking point.
All of the fund mangers gained with Ankit Agarwal from Centrum and Sunil Jain from Nirmal Bang being the top outperformers.
Ankit Agarwal
VP, Fund Manager, Centrum Broking
Agarwal was active through the last fortnight accumulating stocks like TCS, Ipca Laboratories, Gujarat Pipavav Port, Zee Entertainment Enterprises as the markets corrected in the period in between.
Meanwhile, when the tyre stocks were on an uptrend, Agarwal chose to partially book profits in MRF, JK Tyre & Industries with gains of nearly 50 per cent. Currently, CMC, Clariant Chemicals, MOIL, Apollo Hospitals and Oracle Financial Services Software are his top holdings.
Agarwal is confident that markets would continue to trade with a positive bias, near term volatility notwithstanding, as any government which comes at the centre after the national elections would be hard pressed to continue with the reforms momentum. An increased bias towards cyclicals which would benefit from recovery in the investment cycle and possible reversal of interest rates cannot be ruled out, he adds. Ankit Agarwal's net worth stands at Rs 11.36 lakh, up 14 per cent with a cash balance of Rs 1.69 lakh. (Click here for tables)
Sunil Jain
Head, equity research- retail, Nirmal Bang
Jain remained on the sidelines for major part of the month. As the markets moved into a consolidation phase, he added ICICI Bank, Cipla, Bank of India and Finolex Industries.
His top holdings are Escorts, Astra Microwave Products, Cipla, ITC and ICICI Bank. Jain is of the view that there can be a possibility of increase in risk appetite after the general election result in 2014. And if uncertainty on the policy front is taken away and inflation shows sign of moderation then 2014 will be a good time for cyclicals.
Sunil Jain's net worth is Rs 11.14 lakh, which is a 11.44 per cent gain. He holds a cash balance of Rs 5.38 lakh.
Vinay Khattar
Head of Research, Retail Capital Markets, Edelweiss Financial Services
Aban Offshore, ING Vysya Bank and Kolte Patil Developers were the stocks added to Khattar's portfolio, during the period under review. In the meantime, he booked a marginal loss in Union Bank of India along with Delta Corp which gave a positive return of nine per cent.
Khattar 's top holdings include HCL Technologies , ING Vysya Bank, Hindalco Industries, Rallis india and Hexaware Technologies.
The 2013 laggards like metals, energy, capital goods and infrastructure might gradually come into limelight owing to potential upside from economic revival and attractive valuations. At the same time, devaluation of the rupee and global economic recovery make the Indian exporters a good investment opportunity in the medium to long term, according to Khattar. With a cash balance of Rs 3.11 lakh, his portfolio is valued at Rs 10.92 lakh which is a 9.17 per cent uptick.
Taher Badshah
Senior VP & Co- Head Equities, Motilal Oswal AMC- PMS
Badshah has been inactive in December. Cairn India, Infosys, Tata Motors, Divis Laboratories and Britannia Industries are his top holdings. His portfolio is valued at Rs 10.26 lakh, up 2.61 per cent cash balance stands at Rs 6.97 lakh.
P Phani Sekhar
Fund Manager-PMS, Angel Broking
Sekhar who was on the sidelines for several weeks citing stretched valuations, deployed some of his cash in Coal India and Zydus Wellness during the week. Cairn India which is up nearly three per cent was the only other holding in his portfolio thus far.
He is optimistic about 2014, as he believes the year would present great opportunities to buy Midcaps and Smallcaps for the long term, laying a platform for a strong bull market to follow. With a 0.13 per cent gain, his portfolio value is Rs 10.01 lakh. Phani Sekhar holds a cash balance of Rs 8.57 lakh.
Sachin Shah
Fund manager, Emkay Investment Managers
Shah remained inactive. He says, "The outlook for global economies is improving and coupled with rupee depreciation, we believe export oriented businesses should do very well in 2014. Companies in sectors like IT, Pharma, Textiles, and other niche business opportunities linked to Exports are expected to do well.
Even efficient & prudent private sector Bank & NBFCs are expected to do much better in 2014."
All of the fund mangers gained with Ankit Agarwal from Centrum and Sunil Jain from Nirmal Bang being the top outperformers.
Ankit Agarwal
VP, Fund Manager, Centrum Broking
Agarwal was active through the last fortnight accumulating stocks like TCS, Ipca Laboratories, Gujarat Pipavav Port, Zee Entertainment Enterprises as the markets corrected in the period in between.
Meanwhile, when the tyre stocks were on an uptrend, Agarwal chose to partially book profits in MRF, JK Tyre & Industries with gains of nearly 50 per cent. Currently, CMC, Clariant Chemicals, MOIL, Apollo Hospitals and Oracle Financial Services Software are his top holdings.
Agarwal is confident that markets would continue to trade with a positive bias, near term volatility notwithstanding, as any government which comes at the centre after the national elections would be hard pressed to continue with the reforms momentum. An increased bias towards cyclicals which would benefit from recovery in the investment cycle and possible reversal of interest rates cannot be ruled out, he adds. Ankit Agarwal's net worth stands at Rs 11.36 lakh, up 14 per cent with a cash balance of Rs 1.69 lakh. (Click here for tables)
Sunil Jain
Head, equity research- retail, Nirmal Bang
Jain remained on the sidelines for major part of the month. As the markets moved into a consolidation phase, he added ICICI Bank, Cipla, Bank of India and Finolex Industries.
His top holdings are Escorts, Astra Microwave Products, Cipla, ITC and ICICI Bank. Jain is of the view that there can be a possibility of increase in risk appetite after the general election result in 2014. And if uncertainty on the policy front is taken away and inflation shows sign of moderation then 2014 will be a good time for cyclicals.
Sunil Jain's net worth is Rs 11.14 lakh, which is a 11.44 per cent gain. He holds a cash balance of Rs 5.38 lakh.
Vinay Khattar
Head of Research, Retail Capital Markets, Edelweiss Financial Services
Aban Offshore, ING Vysya Bank and Kolte Patil Developers were the stocks added to Khattar's portfolio, during the period under review. In the meantime, he booked a marginal loss in Union Bank of India along with Delta Corp which gave a positive return of nine per cent.
Khattar 's top holdings include HCL Technologies , ING Vysya Bank, Hindalco Industries, Rallis india and Hexaware Technologies.
The 2013 laggards like metals, energy, capital goods and infrastructure might gradually come into limelight owing to potential upside from economic revival and attractive valuations. At the same time, devaluation of the rupee and global economic recovery make the Indian exporters a good investment opportunity in the medium to long term, according to Khattar. With a cash balance of Rs 3.11 lakh, his portfolio is valued at Rs 10.92 lakh which is a 9.17 per cent uptick.
Taher Badshah
Senior VP & Co- Head Equities, Motilal Oswal AMC- PMS
Badshah has been inactive in December. Cairn India, Infosys, Tata Motors, Divis Laboratories and Britannia Industries are his top holdings. His portfolio is valued at Rs 10.26 lakh, up 2.61 per cent cash balance stands at Rs 6.97 lakh.
P Phani Sekhar
Fund Manager-PMS, Angel Broking
Sekhar who was on the sidelines for several weeks citing stretched valuations, deployed some of his cash in Coal India and Zydus Wellness during the week. Cairn India which is up nearly three per cent was the only other holding in his portfolio thus far.
He is optimistic about 2014, as he believes the year would present great opportunities to buy Midcaps and Smallcaps for the long term, laying a platform for a strong bull market to follow. With a 0.13 per cent gain, his portfolio value is Rs 10.01 lakh. Phani Sekhar holds a cash balance of Rs 8.57 lakh.
Sachin Shah
Fund manager, Emkay Investment Managers
Shah remained inactive. He says, "The outlook for global economies is improving and coupled with rupee depreciation, we believe export oriented businesses should do very well in 2014. Companies in sectors like IT, Pharma, Textiles, and other niche business opportunities linked to Exports are expected to do well.
Even efficient & prudent private sector Bank & NBFCs are expected to do much better in 2014."
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