It’s been another down week - the second in a row - for our markets, and this time around all our fund managers have seen a net decline in their net worth. However, the silver lining always remains and our fund managers continue to beat the benchmark. While the benchmark, BSE 200 index shed 6.3 per cent last week, our fund managers net worth declined in a range of 0.5 per cent to 2.5 per cent, each.
Furthermore, all our fund manager's continue to easily beat the benchmark, which is now down over 41 per cent since the start of Smart Portfolios on September 1. The biggest loss is that of Kashyap Pujara - down 21.6 per cent, on the other hand, Amar Ambani has net positive return of a meagre 0.34 per cent.
It was an extremely subdued week - in terms of trading activity - as there were just 20 odd trades, including one each from Kashyap Pujara and Sadanand Shetty. Anand Agarwal did the most number of trades - 11 of which nine were on the buy side. Amar Ambani once again offloaded all his holdings and is 100 per cent in cash. Interestingly he sold all his stocks on Friday when the market had bounced back.
Summary: At the end of the week, it seems like fund managers are looking in different directions - while Kashyap Pujara is betting on financials, Anand Agarwal is banking on large-caps, Sadanand Shetty decides to remain put and Amar Ambani has cashed out.
WAIT AND WATCH
Sadanand Shetty
Vice President
Kotak Securities
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Sadanand Shetty was unusually quiet last week with a sole trade. He sold 5 shares of Lupin. His wait-and-watch approach paid off as his portfolio saw the least depreciation of 0.55 per cent last week. He continues to hold over 86 per cent of cash. His net worth at the end of the week stood at Rs 8.97 lakh, with cash of around Rs 7.81 lakh.
| WAIT AND WATCH | ||||
| Top Holdings | % of assets | Cost (Rs) Price | Current price (Rs) | Value (Rs lakh) |
| Bharti Airtel | 3.04% | 552 | 619.10 | 0.27 |
| Lupin | 2.15% | 685 | 550.10 | 0.19 |
| SBI | 1.98% | 1,194 | 1183.15 | 0.18 |
| Jain Irrigation | 1.55% | 428 | 295.30 | 0.14 |
| Sun Pharma | 1.45% | 1006.5 | 1081.00 | 0.13 |
| Total investments | 13.77% | 1.16 | ||
| Cash | 86.23% | 7.81 | ||
| Net worth | 8.97 | |||
| Returns (%) | -10.32 | |||
EMPLOYING CASH
Anand Agarwal
Vice President
Reliance Money
Anand Agarwal with 11 trades was the most active fund manager last week, more importantly out of the 11 trades nine were on the buy side, which suggested that he did some value buying at lower levels. He invested over 30 per cent of his available cash following which his funds have declined from Rs 5.45 lakh to Rs 3.80 lakh. However, his portfolio saw the maximum loss of 2.4 per cent last week. His top two holdings - BHEL & SBI - account for 18.6 per cent of his total portfolio share of 52.2 per cent. His net worth now stands at Rs 7.94 lakh.
| EMPLOYING CASH | ||||
| Top Holdings | % of assets | Cost (Rs) Price | Current price (Rs) | Value (Rs lakh) |
| BHEL | 9.68% | 1310.75 | 1281.25 | 0.77 |
| SBI | 8.94% | 1117.00 | 1183.15 | 0.71 |
| Reliance Comm | 5.22% | 207.75 | 207.10 | 0.41 |
| Praj Ind | 5.11% | 60.27 | 54.10 | 0.41 |
| Suzlon Energy | 5.01% | 57.44 | 49.70 | 0.40 |
| Total investments | 52.20% | 4.15 | ||
| Cash | 47.80% | 3.80 | ||
| Net worth | 7.94 | |||
| Returns (%) | -20.59 | |||
BACK IN CASH
Amar Ambani
Vice President (Research)
India Infoline
Amar Ambani has once again got into cash after booking losses in all his holdings. Axis Bank, Jaiprakash Associates and Indiabulls Real Estate were the major losers in his portfolio with losses of 23.2 per cent, 29.3 per cent and 17.4 per cent, respectively. He now holds Rs 10.03 lakh in cash.
BETTING ON FINANCIALS
Kashyap Pujara
Fund Manager
ENAM Direct
Kashyap Pujara's sole trade - bought 50 shares of HDFC - has given him 13.5 per cent returns till date. However, his net worth depreciated from a negative 20.16 per cent to a negative 21.59 per cent on a weekly basis. ICICI Bank and Century Textiles with losses of 15.3 per cent and 23.2 per cent, respectively, were the major drags on his portfolio.
| BETTING ON FINANCIALS | ||||
| Top Holdings | % of assets | Cost (Rs) Price | Current price (Rs) | Value (Rs lakh) |
| Sterlite | 11.16% | 410.13 | 218.75 | 0.88 |
| HDFC | 8.92% | 1233.00 | 1399.30 | 0.70 |
| Reliance Ind | 7.19% | 1640.73 | 1127.35 | 0.56 |
| ICICI Bank | 4.28% | 521.55 | 335.55 | 0.34 |
| Century Tex | 3.61% | 343.87 | 141.35 | 0.28 |
| Total investments | 40.77% | 3.20 | ||
| Cash | 59.22% | 4.64 | ||
| Net worth | 7.84 | |||
| Returns (%) | -21.59 | |||
His net worth depreciated by 1.43 per cent and now stands at Rs 7.84 lakh, with cash of around Rs 4.64 lakh at the end of the week. With over 13 per cent of his net worth concentrated on financials he surely is betting on them for some relief in the coming days.