With the benchmark BSE 200 down 17.3 per cent over the past week, Smart Portfolios too felt the heat. Three portfolios are down around 16 per cent since September 1, 2008, while one fund manager has moved to cash, which has helped him stand with a loss of just 1.33 per cent. Of course, they continue to beat the benchmark BSE 200 index, which has collapsed 29.7 per cent in the same period, by a great margin.
Till October 3, the BSE 200 index was down 13.7 per cent since September 1, 2008, while our fund managers were down between 0.7 per cent and 7.2 per cent.
During the last week, two fund managers chose to add fresh funds to their holdings without booking any sales, while one fund manager churned his portfolio, adding a little more capital. One fund manager chose to exit all his holdings and is sitting on cash. Let’s take a closer look at the activities of our four fund managers last week and where they stand.