The markets rallied for the fifth straight week, and the Smart Portfolios benchmark index was up nearly 5 per cent last week. In the process, the Smart Portfolios portfolio value has seen a sharp appreciation of over 29 per cent in the last five trading weeks. The benchmark’s net worth has risen to Rs 7.13 lakh when compared to Rs 5.51 lakh on March 6, 2009. However, the net worth is still down nearly 29 per cent from its initial corpus of Rs 10 lakh at the start of Smart Portfolios on September 1, 2008.
The fund managers once again under-performed the benchmark with gains in the range of 0-2 per cent when compared to the 5 per cent gain in the benchmark. Also in the last five-week period the fund managers net worth rose in the range of 2.5-11 per cent as against the near 29 per cent rise in the benchmark. However, fund managers continue to outperform the benchmark from start till date returns basis.
Last week, just two fund managers - Amar Ambani and Anand Agarwal were active. Both were net sellers of stocks worth Rs 0.17 lakh and Rs 0.25 lakh, respectively. It would indeed be interesting to see what line of action fund managers take from hereon, since the market has appreciated sharply. To keep a track on their daily moves and For more details on Smart Portfolios please visit www.business-standard.com/smartportfolios
NO TRADE WEEK
KASHYAP PUJARA
Fund Manager, ENAM Direct
Kashyap Pujara remained on the sidelines last week. His net worth rose marginally from Rs 9.16 lakh to Rs 9.18 lakh. Off the three stocks in his portfolio - SBI is up nearly 4 per cent from his purchase price, and Idea has appreciated over 16 per cent.
Century Textiles, however, is down more than 36 per cent from his buy price. In the last five weeks, his net worth rose by 11 per cent. Pujara’s net worth is now down over 8 per cent, and he holds cash worth Rs 7.05 lakh.
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ON THE SIDELINES
SADANAND SHETTY
Vice President, Kotak Securities
Sadanand Shetty too remained on the sidelines last week. His net worth improved by 1.5 per cent to Rs 9.60 lakh from Rs 9.46 lakh the week before. He has 10 stocks in his portfolio, out of which just one - SBI (down 1 per cent) - is below his cost price. His top picks Reliance and Tata Steel have appreciated over 48 per cent each from his purchase price. The other seven stocks are also up smartly, 7-20 per cent each. In the last five weeks, his net worth has appreciated by 10.5 per cent. Shetty’s net worth is now down just 4 per cent, and he holds Rs 6.58 lakh as cash.
MAN IN GREEN
Vice President (Research),
India Infoline
Amar Ambani’s net worth continues to rise, with portfolio value up nearly 2 per cent at Rs 10.18 lakh as against Rs 10.10 lakh the week before. Last week, he executed seven trades - three on the buy side, and four on sell. While he bought shares worth Rs 0.93 lakh, he sold stocks worth Rs 1.10 lakh.
He exited from Aban Offshore, Jaiprakash Associates and Reliance Communications for a net gain of 5.7 per cent, 8 per cent and 5.3 per cent, respectively. On the other hand, he added ABB, IDFC and United Spirits to his portfolio. He now has five stocks in his portfolio, and all of them are up in the range of 1-8 per cent each. In the last five weeks, his portfolio value has appreciated by 2.6 per cent. Ambani still holds nearly Rs 8.78 lakh in cash.
PROFIT-TAKING MODE
ANAND AGARWAL
Fund Manager, Reliance Money
Anand Agarwal executed 11 trades last week, four on the buy side and remaining on the sell. He bought shares worth Rs 1.27 lakh, and sold stocks worth Rs 1.52 lakh. Agarwal exited from BHEL, ICICI Bank and JSW Steel with gains of 2.7 per cent, 13.5 per cent and 28 per cent, respectively. He also booked partial gains in SBI and Larsen & Toubro.
On the other hand, he added Indian Oil, BPCL and Reliance Infrastructure to his portfolio. He has now just five stocks in his portfolio, and all five are up in the range of 3-15 per cent. In the last five weeks, his portfolio value has moved up nearly 11 per cent. Agarwal’s net worth is now down 9.4 per cent at Rs 9.06 lakh as against Rs 8.90 lakh the week before. He now holds Rs 7.28 lakh in cash.