| Fund managers in buy mode |
| Rex Cano / Mumbai March 15, 2010, 0:12 IST |
The fund managers were riding the bulls last week while the broader markets moved sideways. The markets, after significant gains in the post-Budget week, were seen consolidating at higher levels in line with the rest of the world. In the week under review, three fund managers were active - Ajay Parmar, Amar Ambani and Vinay Khattar who cumulatively executed 41 trades, of which 26 were on the buy side. Collectively these three money managers bought shares worth Rs 6.21 lakh. Phani Sekhar, however, continued to remain on the sidelines.
An initial investment of Rs 10 lakh in the benchmark S&P CNX 500 index at the start of Smart Portfolios on September 1, 2009, is today valued at Rs 11.08 lakh. While Ajay Parmar's net worth has risen by 24.42 per cent to Rs 12.44 lakh, Amar Ambani's portfolio value has appreciated by 26.74 per cent to Rs 12.67 lakh. Phani Sekhar's portfolio value has moved up by 9.36 per cent to Rs 10.94 lakh and Vinay Khattar's net worth is up 7.69 per cent at Rs 10.77 lakh.
REVAMP TIME
Vinay Khattar
Head – Research of WAIS, Edelweiss
Vinay Khattar executed 19 trades last week, 11 on the buy side. He was a net buyer of stocks worth Rs 2.32 lakh following which his cash levels have declined to Rs 53,011. His fresh investments include Havell's India, Man Infraconstruction, Jubilant Foodworks, Bombay Rayon and Jubilant Organosys. At the same time Khattar has increased his holdings in Techno Electric, Escorts, Aries Agro and McNally Bharat. Through his sell orders, he booked notable gains in GTL Infrastructure and McNally Bharat but saw losses on his investments in Pantaloon Retail and Kingfisher Airlines.
| Top Holdings | % of assets | Cost Price (Rs) | Current Price (Rs) | Value (Rs lakh) |
| Fortis Health | 10.10 | 139.07 | 181.30 | 1.09 |
| Escorts | 8.74 | 143.05 | 156.95 | 0.94 |
| Man Infracons | 8.55 | 358.90 | 331.30 | 0.92 |
| Techno Electric | 8.48 | 220.85 | 225.00 | 0.91 |
| Jubilant Organosys | 8.04 | 347.00 | 346.35 | 0.87 |
| Total investments | 95.08 | - | - | 10.24 |
| Cash | 4.92 | - | - | 0.53 |
| Net worth | - | - | - | 10.77 |
| Returns (%) | 7.69 | - | - | - |
STILL ON THE SIDELINES
Phani Sekhar
Fund Manager – PMS, Angel Broking
Phani Sekhar preferred to remain on the sidelines for the third straight week. His net worth saw a marginal gain of 0.9 per cent last week. Of the 15 stocks in his portfolio, 10 are trading above his cost price. eClerx with a gain in excess of 38 per cent is the major gainer followed by Axis Bank and Esab India. On the other hand, Reliance Infrastructure is down 15.51 per cent from his cost price followed by Bharti Airtel and Reliance. His cash levels are low at Rs 2,044.
| Top Holdings | % of assets | Cost Price (Rs) | Current Price (Rs) | Value (Rs lakh) |
| Federal Bank | 9.12 | 244.54 | 265.20 | 1.00 |
| Reliance | 8.78 | 1046.93 | 1021.60 | 0.96 |
| eClerx | 8.69 | 344.25 | 475.35 | 0.95 |
| Reliance Infra | 8.23 | 1183.00 | 999.55 | 0.90 |
| 3i Infotech | 8.08 | 81.01 | 80.35 | 0.88 |
| Total investments | 99.82 | - | - | 10.92 |
| Cash | 0.18 | - | - | 0.02 |
| Net worth | - | - | - | 10.94 |
| Returns (%) | 9.36 | - | - | - |
BUY, BUY, BUY
Ajay Parmar
Head, Research (Institutional Equities) Emkay
Ajay Parmar executed six trades, all on the buy side. He bought shares worth Rs 2.74 lakh at the net level, following which his cash levels have now dropped to Rs 1.26 lakh. Last week, his net worth too declined by 1.58 per cent. His fresh investments include Orbit Corporation, McNally Bharat, Sintex, South Indian Bank and Excel Crop Care. Parmar now has 18 stocks in his portfolio, of which just six are under-performers. Sesa Goa and JSW Steel are the top performers while OCL India and Excel Corp Care are the major laggards.
| Top Holdings | % of assets | Cost Price (Rs) | Current Price (Rs) | Value (Rs lakh) |
| Sesa Goa | 9.57 | 365.53 | 433.00 | 1.19 |
| Cadila Health | 8.01 | 721.02 | 797.55 | 1.00 |
| South Ind Bank | 7.06 | 150.20 | 146.30 | 0.88 |
| Monsanto | 5.45 | 1763.00 | 1695.65 | 0.68 |
| Gujarat NRE Coke | 5.21 | 74.50 |
