Employing money at the right time proved to be very profitable for fund managers in the week under review. So even while, the Smart Portfolios’ benchmark S&P CNX 500 index net worth value grew 2.2 per cent to Rs 10.42 lakh from Rs 10.20 lakh, fund managers saw gains in excess of five per cent each. All the three money managers were quite active on the buy-side of the trade; cumulatively they were net buyers of stocks worth Rs 11.73 lakh.
Interestingly enough, not only on a weekly basis or as is the case since the inception, barring for Ajay Parmar, of Smart Portfolios on September 1, 2010, the fund managers have managed to beat the benchmark in the first-three months of 2011. While the benchmark’s portfolio value has seen a loss of 4.8 per cent since the start of the calendar year till date, Ajay Parmar has logged a loss of 7.7 per cent. On the other hand, Vinay Khattar has posted a gain of 16.6 per cent and Shishir Bajpai’s net worth has appreciated 3.3 per cent.
AJAY PARMAR,
HEAD RESEARCH, INSTITUTIONAL EQUITIES, EMKAY
As seen in the chart, Ajay Parmar after out-performing the benchmark in the first-half of the quarter, has under-performed the same in the second-half of the period. In the week under review, Parmar has added four more stocks to his portfolio for a consideration of Rs 1.72 lakh. He has added Mahindra Holidays, Walchandnagar Industries, Phoenix Mills and Lovable Lingerie to his portfolio. He has 19 stocks in his portfolio, of which eClerx and Insecticides India remains his top pick. Parmar’s total investments are valued at Rs 8.91 lakh, while he holds Rs 1.12 lakh in cash. While his net worth has seen an appreciation of 5.7 per cent this week, overall it has just managed to sneak back above the Rs 10-lakh mark to Rs 10.03 lakh.
SHISHIR BAJPAI,
SENIOR VICE PRESIDENT, IIFL PRIVATE WEALTH
After having raised cash in the previous week, Shishir Bajpai was quick to re-employ his idle cash into the markets this week. His gross purchases totaled Rs 13.68 lakh, while total sales stood at Rs 6.35 lakh, resulting into net purchases of stocks worth Rs 7.32 lakh. Prominent buys this week include stocks like – JSW Steel, Cairn India, Orchid Chemicals and Hindustan Oil Exploration. On the other hand, he booked profit on his investments in Coal India, Deccan Chronicle and IFCI. Bajpai’s net worth this week grew 6.7 per cent, while his overall gains stand at a whopping 41.7 per cent. Also as seen in the quarterly charts, Bajpai has always managed to stay well above the benchmark’s performance. So aggressive has been Bajpai’s buying that he has exhausted all his cash and his portfolio stands tall at Rs 14.17 lakh.
VINAY KHATTAR,
HEAD, RESEARCH, EDELWEISS WEALTH MANAGEMENT
Vinay Khattar seems to have hit the ‘Jackpot’ on his investment in Andhra Pradesh Paper Mills. This alone fetched him a gain of over 65 per cent in just a week’s time. This not only helped him log a stupendous weekly gain of 14.4 per cent, but also his overall returns have soared up to 27.4 per cent and as seen in the chart his net worth has just flared up lately in comparison to the benchmark's return. Khattar also booked smart gains on his investment in Tilaknagar Industries, Patel Engineering, Lovable Lingerie, Venkys (India) and Havells India. His fresh prominent buys include – BF Utilities, SREI Infrastructure, GVK Power, KEC International, Punj Lloyd and Ashok Leyland. Khattar's net worth is now valued at RS 12.74 lakh, and he holds 2.14 lakh cash.
