| Fund managers remain invested |
| Rex Cano / Mumbai December 3, 2010, 0:52 IST |
The pullback in the markets in the last four days has brought some cheer to Smart Portfolios this week. The recovery saw the benchmark S&P CNX 500 portfolio’s value move up to Rs 10.84 lakh, up 3.7 per cent in the last five trading sessions. Similarly, the four fund managers Ajay Parmar, Shishir Bajpai, Siddarth Bhamre and Vinay Khattar also registered gains of 1-3 per cent each.
Ajay Parmar
Ajay Parmar’s portfolio value increased 1.7 per cent to Rs 10.93 lakh. Overall, his net worth appreciated 9.3 per cent. Out of his 22 investments, 10 are trading above his cost price. Importantly, 9 out of his top 10 holdings are in profit. His top picks include: Unichem Laboratories, Natco Pharma (both bought on September 6), Chambal Fertilisers, eClerx Services and Aurobindo Pharma — all up over 20 per cent. Barring Aurobindo Pharma, he has invested over Rs 50,000 in each of his other top picks. LIC Housing Finance, Manali Petrochemical, Gitanjali Gems and Zuari Industries are the top laggards, down 12-21 per cent each.
| Ajay Parmar, Head Research Institutional Equities, Emkay | |||
| Top Holdings | Cost price (Rs ) | Current price (Rs ) | Value (Rs lakh) |
| Unichem Labs | 185.98 | 250.10 | 1.25 |
| Natco Pharma | 291.03 | 348.05 | 0.96 |
| Chambal Ferts | 75.38 | 92.15 | 0.74 |
| eClerx Services | 546.00 | 721.45 | 0.72 |
| Bajaj Auto | 1485.45 | 1574.30 | 0.55 |
| Total investments | 10.84 | ||
| Cash | 0.09 | ||
| Net worth | 10.93 | ||
Shishir Bajpai
Shishir Bajpai exited from Websol Energy for a loss of 8.2 per cent and entered Alok Industries, which has so far appreciated 4 per cent from his cost price. Bajpai, too, is fully invested and holds 14 stocks in his portfolio. Apollo Tyres, up 11.5 per cent from his cost price, was the top performer for him, followed by Tata Motors. One notable feature of his portfolio is the regular churning. His oldest investment dates back to October 28, which was Orchid Chemicals. Bajpai saw a net gain of 3.4 per cent in his net worth of Rs 13.17 lakh this week.
| Shishir Bajpai, Senior Vice President, IIFL Private Wealth | |||
| Top Holdings | Cost price (Rs ) | Current price (Rs ) | Value (Rs lakh) |
| Tata Motors | 1227.80 | 1320.15 | 1.32 |
| Reliance Inds | 1113.25 | 1011.15 | 1.21 |
| Selan Explorations | 401.05 | 404.05 | 1.21 |
| Apollo Tyres | 64.25 | 71.65 | 1.07 |
| Microsec Fin | 89.97 | 68.85 | 1.03 |
| Total investments | 13.16 | ||
| Cash | 0.00 | ||
| Net worth | 13.16 | ||
Siddarth Bhamre
Siddarth Bhamre exited from MphasiS for a loss of 6 per cent and bought 100 shares of Bombay Dyeing this week. Bhamre’s portfolio comprises 19 stocks. The major laggards were Hindustan Construction, JK Tyre and Electrosteel Castings. The oldest stock in his portfolio is Finolex Cables, which he bought on Sept. 17 and is down over 7 per cent from his cost price. Bhamre’s portfolio is valued at Rs 10.05 lakh. It has recovered from the sub-Rs10-lakh levels on the back of 2.3 per cent appreciation this week.
| Siddarth Bhamre, Head-Equity Derivatives, Angel Broking | |||
| Top Holdings | Cost price (Rs ) | Current price (Rs ) | Value (Rs lakh) |
| Great Offshore | 379.20 | 387.25 | 0.77 |
| Reliance Inds | 1034.60 | 1011.15 | 0.76 |
| CESC | 372.75 | 370.80 | 0.74 |
| Aban Offshore | 809.00 | 755.55 | 0.60 |
| Bombay Dyeing | 541.95 | 565.55 | 0.57 |
| Total investments | 9.81 | ||
| Cash | 0.24 | ||
| Net worth | 10.05 | ||
Vinay Khattar
Vinay Khattar was holding cash of Rs 2.10 lakh at the end of the previous week, of which he deployed Rs 2.04 lakh this week. He exited from Bata India for a loss of 10.2 per cent on his investment and has now bought Hindustan Construction, Thermax and Shree Renuka Sugars. Khattar, too, has revamped his entire portfolio off late. His oldest buy was Bharti Airtel on November 18. This week, his net worth appreciated 1.2 per cent to Rs 10.25 lakh. His cash levels have dropped to Rs 6,000.
| Vinay Khattar, Head – Research of WAIS, Edelweiss | |||
| Top Holdings | Cost price (Rs ) | Current | |
