For once, the benchmark BSE 200 index out-performed our Smart Portfolios fund managers. While the net worth of the BSE 200 index (initial capital Rs 10 lakh) soared over 7 per cent from Rs 5.79 lakh to Rs 6.21 lakh, the best our fund managers could manage was a return of 2.25 per cent.
While all the fund managers saw net appreciation, their performance fell short of market returns. Trading activity was subdued with just nine trades executed by three fund managers, out of which just two were on the buying side.
As on date, an investment of Rs 10 lakh in the benchmark BSE 200 index has yielded a negative return of almost 38 per cent. Among our four Smart Portfolios fund managers - Anand Agarwal's net worth is down 15 per cent at Rs 8.50 lakh, Kashyap Pujara’s down 14.3 per cent to Rs 8.57 lakh, Sadanand Shetty’s down 9.3 per cent to Rs 9.07 lakh and Amar Ambani’s portfolio value is down 0.4 per cent at Rs 9.96 lakh.
Despite underperforming last week, fund managers continue to stay ahead of the benchmark.
CASH RICH
AMAR AMBANI
Vice President (Research), India Infoline
AMAR AMBANI Vice President (Research), India Infoline
Amar Ambani remained on the sidelines last week. Amar's net worth rose by 0.4 per cent to Rs 9.96 lakh as against Rs 9.92 lakh the week before. He has just two stocks in his portfolio. While Renuka Sugars is up 6.3 per cent from his cost price giving him a profit of Rs 1,410, Reliance Communications is down 32.3 per cent from his purchase price which translates into a loss of Rs 8,110. Amar continues to hold a significant (Rs 9.55 lakh) chunk of his net assets in cash.
NET GAINS
SADANAND SHETTY
Vice President, Kotak Securities
Among our four Smart Portfolios fund managers, Sadanand Shetty saw the best returns of 2.25 per cent last week. All the (seven) sell trades executed last week were by him. In doing so, he exited from Sun Pharma for a net gain of 11 per cent, and reduced holdings in Lupin and HDIL. He booked partial loss of 22 and 29 per cent, respectively in Lupin and HDIL. At the end of the week, Shetty’s investments in stocks stands at Rs 2.26 lakh with cash of Rs 6.81 lakh. Reliance Industries and ICICI Bank have done well, while HDIL, Lupin, Ess Dee Aluminum and Tata Steel are dragging down his portfolio.
HOLDINGS IN GREEN
ANAND AGARWAL
Fund Manager, Reliance Money
Anand Agarwal executed just a single trade, in which, he averaged his holdings in Reliance Communications by buying another 100 shares. This in turn, has resulted in a net gain of 1.8 per cent for his current holding in Reliance Communications. His only other holding - Jet Airways - is up 9.5 per cent from his entry price. Agarwal’s investments in stocks stand at Rs 1.23 lakh, and he now holds Rs 7.27 lakh in cash.
HOLDING ON
KASHYAP PUJARA
Fund Manager, ENAM Direct
Kashyap Pujara, too, just like Agarwal executed a single trade in which he averaged his holdings in GAIL by purchasing another 50 stocks. At the end of the week, Kashyap continues to hold the same five stocks of which he is just about breaking even on SBI and GAIL. On the other hand, Century Textiles and Reliance Communications are down over 50 per cent from his cost price, and Sterlite is down nearly 33 per cent. His net worth appreciated by over 2 per cent to Rs 8.57 lakh from Rs 8.39 lakh a week before. Now his investments in stocks amount to Rs 2.16 lakh, and he holds Rs 6.41 lakh in cash.
