| Net worth on the rise |
| Rex Cano / Mumbai April 6, 2009, 0:02 IST |
The markets continued their upward journey backed by positive global cues amid renewed optimism. The Smart Portfolios benchmark, the BSE 200 index surged 3.4 per cent (40 points) to 1,211. Fund managers once again under-performed the benchmark with gains in the range 0.2-2.2 per cent, each. However, they continue to out-perform the benchmark if returns since the inception of Smart Portfolios on September 1, 2008 is taken into consideration.
While, the benchmark is down over 32 per cent, Anand Agarwal with a loss of almost 11 per cent has seen the biggest drop in his net worth. Kashyap Pujara's net worth is down 8.4 per cent, and Sadanand Shetty's portfolio value has depreciated by 5.4%. Amar Ambani, however, has a net gain over 1 per cent.
Last week, the fund managers’ approach remained mostly subdued, with just 14 trades of which just five were on the buy side. Amar Ambani remained on the sidelines; Kashyap Pujara and Sadanand Shetty were sellers in the market, while Anand Agarwal was a net buyer. Cumulatively, they bought shares worth Rs 33,000.
AGGRESSIVE BUYER
ANAND AGARWAL
Fund Manager, Reliance Money
Anand Agarwal was an aggressive buyer last week. In the seven trades he executed, five were on the buy side. He was a net buyer at Rs 1.14 lakh, with gross purchases of stocks worth Rs 1.73 lakh, and sales of Rs 0.59 lakh. In the two sell transactions, Agarwal booked hefty gains of 33 per cent and 37 per cent respectively in Reliance Communications and Indian Bank.
| Top Holdings | % of assets | Cost (Rs) Price | Current price (Rs) | Value (Rs lakh) |
| SBI | 6.43 | 1054.2 | 1145.35 | 0.57 |
| BHEL | 5.16 | 1495.85 | 1531.85 | 0.46 |
| Larsen & Toubro | 4.03 | 676.95 | 717.25 | 0.36 |
| JSW Steel | 3.42 | 245.40 | 304.40 | 0.30 |
| ICICI Bank | 2.02 | 337.90 | 360.25 | 0.18 |
| Total investments | 21.01 | - | - | 1.87 |
| Cash | 78.99 | - | - | 7.03 |
| Net worth | - | - | - | 8.90 |
| Returns (%) | -10.95 | - | - | - |
He now has five stocks in his portfolio, and all are up in the range of 2-24 per cent each. He gained the least in BHEL and the most in JSW Steel. Agarwal's net worth increased by 1.6 per cent from Rs 8.76 lakh to Rs 8.90 lakh. His cash component, though reduced, still stands at Rs 7.03 lakh.
SELL MODE
SADANAND SHETTY
Vice President, Kotak Securities
Sadanand Shetty continued with his profit-taking with six sell trades. He sold stocks worth Rs 0.54 lakh. On one hand, he booked gains of around 10 per cent each on his investments in Bharti Airtel and Power Finance, on the other, he booked a hefty loss of around 48 per cent on his investment in Allied Digital.
| Top Holdings | % of assets | Cost (Rs) Price | Current price (Rs) | Value (Rs lakh) |
| Reliance Ind | 5.27 | 1169.58 | 1662.50 | 0.50 |
| Balrampur Chini | 4.03 | 55.14 | 57.35 | 0.38 |
| Godrej Consumer | 4.01 | 121.76 | 126.65 | 0.38 |
| SBI | 3.63 | 1154.76 | 1145.35 | 0.34 |
| Areva T&D | 3.62 | 185.31 | 214.00 | 0.34 |
| Total investments | 30.44 | - | - | 2.88 |
| Cash | 69.56 | - | - | 6.58 |
| Net worth | - | - | - | 9.46 |
| Returns (%) | -5.36 | - | - | - |
At the end of the week, Shetty now holds 10 stocks in his portfolio, of which just SBI is marginally lower than his cost price. Reliance with a gain of over 42 per cent, and Tata Steel with a gain of nearly 28 per cent are his best performing stocks. His net worth rose by 2.2 per cent from Rs 9.26 lakh to Rs 9.46 lakh. Shetty now holds Rs 6.58 lakh in cash.
MARGINAL GAINS
KASHYAP PUJARA
Fund Manager, ENAM Direct
Kashyap Pujara was more or less inactive last week, barring the single trade that he executed. Pujara sold his entire holding in Yes Bank for a smart gain of 18 per cent. At the end of the week, Pujara has just three stocks in his portfolio.
| Top Holdings | % of assets | Cost (Rs) Price | Current price (Rs) | Value (Rs lakh) |
| SBI | 12.50 | 1099.56 | 1145.35 | 1.14 |
| Idea Cellular | 5.58 | 47.55 | 51.10 | 0.51 |
| Century Textiles | 4.96 | 343.87 | 227.00 | 0.45 |
| Total investments | 23.03 |
