| Fund managers' portfolios take cues from global markets |
| Shilpa Johnson / Mumbai December 9, 2011, 0:51 IST |
Stocks around the globe remained volatile ahead of the European summit, expected to ease the looming debt crisis. Indian markets were no different. They remained extremely volatile in the past one week for various reasons, global and domestic. The markets reacted to reports that food inflation had fallen sharply to 6.6 per cent for the week ended November 26, compared to eight per cent in the previous week ended November 19, and also to reports of foreign direct investment in retail having been put on hold.
The portfolios of Smart Portfolios’ fund managers reflected the volatility in the markets.
As of December 8, Rikesh Parikh's net worth stands at Rs 980,000, down 2.03 per cent; Mehraboon Irani's is valued at Rs 872,000, down 12.79 per cent; Ashish Mittal's is Rs 960,000, down 4.01 per cent; Alex Mathews' is Rs 992,000, down 0.84 per cent and Ajay Parmar's totals Rs 993,000, down 0.74 per cent.
RIKESH PARIKH,
VP, Equity Strategies, Motilal Oswal Securities
In the last week, Parikh made seven transactions, most of which were on the sell side. He purchased Oriental Bank of Commerce and Dena Bank.
He booked profits of 10 per cent on having exited from Jaiprakash Associates. He booked gains on having sold Coal India, too. On having exited from NTPC and Reliance Industries, he incurred losses of two and three per cent each.
His top five holdings are Dena Bank, Mcleod Russel India, Coal India, Deepak Fertilizers & Petrochemicals Corp and State Bank of India.
| RIKESH PARIKH, VP (equity strategies), Motilal Oswal Securities | |||
| Top Holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Dena Bank | 76.10 | 63.70 | 0.38 |
| Mcleod Russel India | 256.14 | 222.40 | 0.33 |
| Coal India | 339.94 | 313.50 | 0.31 |
| Deepak Fertilizers | 166.16 | 143.85 | 0.29 |
| SBI | 1783.97 | 1867.90 | 0.28 |
| Total investments | 2.71 | ||
| Cash | 7.09 | ||
| Net worth | 9.80 | ||
MEHRABOON IRANI
, principal & head (Private Client Group), Nirmal Bang Securities Pvt Ltd
During the period under study, Irani made a total of 23 transactions. His purchases include Steel Authority of India, Ranbaxy Laboratories, Sun TV Network, Sterlite Industries and MRF.
He incurred losses on having let go of Ranbaxy Laboratories. On exiting Sterlite Industries, he incurred a loss of two per cent. A loss of five per cent was incurred on selling Sun TV Network. He booked a profit of two per cent on having exited from MRF and also booked marginal gains on having exited Steel Authority of India.
His top five holdings are Idea Cellular, Bharti Airtel, Ranbaxy Laboratories, Delta Corp and Godrej Industries.
| MEHRABOON IRANI, Principal & Head (PCG), Nirmal Bang Securicies | |||
| Top Holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Idea Cellular | 93.57 | 87.65 | 0.88 |
| Bharti Airtel | 382.52 | 367.25 | 0.83 |
| Ranbaxy Laboratories | 462.76 | 418.45 | 0.71 |
| Delta Corp | 97.91 | 71.40 | 0.68 |
| Godrej Industries | 201.82 | 198.00 | 0.59 |
| Total investments | 8.48 | ||
| Cash | 0.24 | ||
| Net worth | 8.72 | ||
ASHISH MITTAL,
Fund Manager, PMS, Centrum Wealth
In the past one week, Mittal made one transaction on the buy side. He purchased Hindustan Zinc.
His top five holdings include MRF, Balmer Lawrie & Company, Karur Vysya Bank, Bharat Electronics and ITC.
| ASHISH MITTAL, Fund Manager (PMS), Centrum Wealth | |||
| Top Holdings | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| MRF | 6816.10 | 7328.10 | 0.73 |
| Balmer Lawrie & Company | 618.48 | 532.80 | 0.69 |
| Karur Vysya Bank | 372.59 | 380.20 | 0.65 |
| Bharat Electronics | 1582.70 | 1525.05 | 0.61 |
| EID Parry | 242.43 | 197.30 | 0.55 |
| Total investments | 8.56 | ||
| Cash | 1.04 | ||
| Net worth | 9.60 | ||
ALEX MATHEWS,
head (Technical and Derivatives Research), Geojit BNP Paribas Financial Services
Mathews remained on the sidelines during the past one week, with no transaction.
Tata Coffee, Larsen & Toubro, Bajaj Financial Services and Ranbaxy Laboratories are his top holdings.
| ALEX MATHEWS, Head (Technical and Derivatives Research), Geojit BNP Paribas Financial Services | |||
| Top Holdings | Cost price (Rs) | Current price (Rs) | Value price (Rs) |
