| Fund managers in buy mode |
| Rex Cano / Mumbai March 9, 2009, 0:06 IST |
It was yet another week of losses for our markets, with Smart Portfolios networth declining by 6 per cent. An investment of Rs 10 lakh in the benchmark (BSE 200 index) at the start of Smart Portfolios on September 1, 2008, is now worth about Rs 5.51 lakh - down almost 45 per cent.
The ongoing global economic slowdown is the reason for the market's downturn. However, in these turbulent times our fund managers continue to outperform the benchmark by a wide margin. The steepest cut among our four fund managers is 18.2 per cent, while the least is a mere 0.8 per cent.
Last week, our fund managers were very active with three of them cumulatively buying shares worth Rs 1.66 lakh, while one of them sold stocks worth Rs 0.68 lakh. Out of a total of 29 trades executed, 13 were on the buy side, and remaining sell.
Despite this, net purchases for the week amounted to Rs 0.98 lakh. For the week, while the benchmark shed 6 per cent, our fund managers’ returns varied in the range of zero to a negative 2 per cent.
AGGRESSIVE BUYER
KASHYAP PUJARA
Fund Manager, ENAM Direct
Kashyap Pujara was an aggressive buyer last week. In the five trades he executed just one was on the sell side. He bought shares worth Rs 1.59 lakh, and sold Rs 0.25 lakh, resulting into net outflows of Rs 1.33 lakh. In the single sell trade, he booked a marginal loss of 3 per cent in Sun Pharma.
| Top Holdings | % of assets | Cost (Rs) Price | Current price (Rs) | Value (Rs lakh) |
| SBI | 11.37 | 1099.56 | 940.85 | 0.94 |
| Reliance | 7.07 | 1125.10 | 1170.55 | 0.59 |
| Sterlite Inds | 6.05 | 410.13 | 250.05 | 0.50 |
| Punjab Nat. Bank | 5.64 | 292.10 | 310.85 | 0.47 |
| GAIL | 4.89 | 197.12 | 202.20 | 0.40 |
| Total investments | 50.73 | - | - | 4.20 |
| Cash | 49.27 | - | - | 4.08 |
| Net worth | - | - | - | 8.27 |
| Returns (%) | -17.27 | - | - | - |
On the other hand, through his aggressive buying, Pujara added Reliance, Punjab National Bank and Sesa Goa to his portfolio. Pujara's net worth now stands at Rs 8.27 lakh, of which over 50 per cent is invested in stocks and the balance Rs 4.08 lakh is in cash.
GAINS AND LOSSES
SADANAND SHETTY
Vice President, Kotak Securities
Sadanand Shetty executed five trades last week, three of which were on the sell side. Despite this, he was a net buyer of shares worth Rs 0.11 lakh. He bought shares worth Rs 0.27 lakh and sold just Rs 0.15 lakh. He booked a gain of 7.5 per cent on his investment in Piramal Healthcare.
| Top Holdings | % of assets | Cost (Rs) Price | Current price (Rs) | Value (Rs lakh) |
| Reliance Ind | 4.04 | 1169.58 | 1170.55 | 0.35 |
| Balrampur Chini | 3.36 | 55.14 | 43.90 | 0.29 |
| Maruti | 3.29 | 625.09 | 649.10 | 0.29 |
| SBI | 3.25 | 1154.76 | 940.85 | 0.28 |
| Godrej Consumer | 3.22 | 124.53 | 124.50 | 0.28 |
| Total investments | 35.10 | - | - | 3.05 |
| Cash | 64.90 | - | - | 5.64 |
| Net worth | - | - | - | 8.69 |
| Returns (%) | -13.11 | - | - | - |
However, he suffered a loss of over 52 per cent in HDIL. Shetty added Power Finance to his portfolio, while averaging his holdings in Maruti. His net worth now has dipped over 13 per cent to Rs 8.69 lakh, including Rs 5.64 lakh of cash.
ON A SELLING SPREE
ANAND AGARWAL
Fund Manager, Reliance Money
Anand Agarwal was the most active fund manager last week, with 16 trades. However, most (11) were on the sell side. While he bought shares worth Rs 1.41 lakh, he sold stocks worth Rs 2.09 lakh. In the 11 sell orders he executed, Agarwal ended up booking losses in all of them, varying in the range of 5-25 per cent.
| Top Holdings | % of assets | Cost (Rs) Price | Current price (Rs) | Value (Rs lakh) |
| BHEL | 6.42 | 1317.20 | 1312.60 | 0.53 |
| ONGC | 4.11 | 659.00 | 673.45 | 0.34 |
| Bharti Airtel | 3.68 | 599.20 | 602.15 | 0.30 |
| ICICI Bank | 3.29 | 317.65 |
