Coinciding with the ongoing bull phase, fund managers have been quick to seize the opportunities and latch on to the gains. That can be ascertained from the fact that they were mostly invested fully in the period starting September 1. Most of the fund managers, barring Shishir Bajpai, are at negligible levels. An investment of Rs 10 lakh at the start of the Smart Portfolios season is today valued at Rs 11.21 lakh, up 8.5 per cent. Similarly, fund managers have logged varying returns between 4 per cent and 33 per cent each.
Shishir Bajpai of IIFL has taken a massive lead when compared to the benchmark with net returns of nearly 33 per cent so far. Siddarth Bhamre of Angel Broking is keeping pace with the benchmark with returns of 8 per cent. However, Ajay Parmar and Vinay Khattar of Emkay and Edelweiss, respectively, have some catching up to do. In the week under review, the benchmark netted gains of 3.3 per cent, while the fund managers registered gains in the range of 0-5 per cent each.
Ajay Parmar, Head Research Institutional Equities, Emkay
Ajay Parmar is off to a sedate start so far, with total returns of 3.6 per cent of which 2.3 per cent gains were logged in the last five trading days. In his bid to ramp up his portfolio, Parmar has so far booked losses in a number of his investments. Mahindra Holidays, Infinite Computer and Hercules Hoists were the major losers in his portfolio. From his current portfolio of 24 stocks, Natco Pharma and Shriram EPC are the major laggards. On the other hand, stocks like Chambal Fertilisers, eClerx, LIC Housing Finance, Unichem Laboratories and GEI Industrial Systems are the major gainers.
Shishir Bajpai, senior vice-president, IIFL Private Wealth
Shishir Bajpai is off to an astounding start, thanks to his early investments in stocks like Ajmera Realty, Energy Development Company, Jindal South West Holdings, Orchid Chemicals, Ispat Industries and Uflex. In select stocks he logged gains in the excess of 50 per cent in this short period. Bajpai holds 12 stocks in his portfolio, of which just five are trading below his cost price. Everest Kanto, Gujarat Pipavav and SREI Infrastructure are the top gainers in his current portfolio. His total investments stand at Rs 10.87 lakh, and he still holds Rs 2.42 lakh cash.
Siddarth Bhamre, head-equity derivatives, Angel Broking
Siddarth Bhamre has performed in line with the benchmark so far. Bhamre too like Bajpai has been very active and constantly churning his portfolio. He has booked gains in the range of 7-10 per cent in stocks like HDIL, Patel Engineering, Reliance Industries, Suzlon, Reliance Infrastructure, Federal Bank, IVRCL Infrastructure, Tech Mahindra and Bank of India. Bhamre holds 19 stocks in his portfolio, of which, just four are trading below his cost price.
Vinay Khattar, head-research, WAIS, Edelweiss
Vinay Khattar’s investments have been a mixed bag so far. In select stocks like DLF, Aries Agro and Hindalco, he logged smart gains in the range of 10-14 per cent each. On the other hand, stocks like West Coast Paper, Meghmami Organics and Action Construction resulted in losses of 3-7 per cent each. Khattar currently holds 14 stocks in his portfolio, of which Delta Corp with a surge of 55 per cent is the top gainer. KEI Industries, Mirc Electronics and Hindustan Construction are the other significant gainers. However, Punj Lloyd, Hindustan Dorr-Oliver and IVRCL Infrastructures are in the red.
