| Net worth takes a hit |
| Rex Cano / Mumbai May 7, 2010, 0:01 IST |
As markets wilted due to global worries in the last five trading sessions starting April 30, Smart Portfolios, too, saw a drop in networth across the board. The Smart Portfolios benchmark S&P CNX 500 index's portfolio value fell by almost two per cent to Rs 11.08 lakh from Rs 11.30 lakh. However, the benchmark's net worth remains nearly 13 per cent higher, when compared to the start of Smart Portfolios on September 1, 2009 with an initial corpus of Rs 10 lakh.
Ajay Parmar
Head, Research (Institutional Equities) Emkay
Ajay Parmar remained on the sidelines in the above mentioned period, while his portfolio value declined over two per cent to Rs 13.43 lakh from Rs 13.72 lakh.
| Top Holdings | % of assets | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Lupin | 5.41 | 1,510.25 | 1,817.20 | 0.73 |
| Lakshmi Mach | 5.22 | 2,062.05 | 2,001.45 | 0.70 |
| Cadila Health | 4.81 | 480.68 | 576.35 | 0.65 |
| Rallis India | 4.35 | 1,102.90 | 1,459.55 | 0.58 |
| JSWSL | 4.30 | 1,017.40 | 1,154.85 | 0.58 |
| Total investments | 60.13 | 8.07 | ||
| Cash | 39.87 | 5.35 | ||
| Net worth | 13.43 | |||
| Returns (%) | 34.28 |
This is mainly due to a sharp fall in the stock prices of South Indian Bank, JK Tyre, Aban Offshore and Sesa Goa — down 8-14 per cent each. However, losses were contained by a eight per cent rise in Lupin. Parmar's top three stocks are Lupin, Lakshmi Machine and Cadila Healthcare. The cash levels stand at Rs 5.35 lakh.
Amar Ambani
Vice President (Research), India Infoline
Amar Ambani continued to churn his portfolio and, at the same time, increased cash levels. His top profitable trades included Bajaj Finserv, Patni Computers and ICSA India.
| Top Holdings | % of assets | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| MRF | 3.98 | 6,335.00 | 6,928.20 | 0.55 |
| Hikal | 3.54 | 377.00 | 379.25 | 0.49 |
| Suzlon | 3.33 | 72.75 | 71.25 | 0.46 |
| ICSA India | 3.30 | 141.40 | 153.20 | 0.46 |
| Federal Bank | 3.17 | 284.30 | 294.35 | 0.44 |
| Total investments | 67.62 | 9.41 | ||
| Cash | 32.38 | 4.51 | ||
| Net worth | 13.92 | |||
| Returns (%) | 39.23 |
The profits varied in the range of 8-15 per cent each. Ambani holds 29 stocks in his portfolio, of which Valecha Engineering, Visaka Industries, JBF Industries, Bajaj Finserv and United Phosphorous are the leading gainers. Incidentally, Tata stocks Tata Elxsi, Tata Metaliks and Tata Sponge are the prominent laggards. Ambani's net worth was down marginally at Rs 13.92 lakh, while cash levels have risen to Rs 4.51 lakh.
Vinay Khattar
Head - Research of WAIS, Edelweiss
Vinay Khattar cut his losses by exiting from some of his poor performing scrips. He booked significant losses in the range of 7-12 per cent each on his investments in Aries Agro, Godawari Power, Jaiprakash Associates, Crew BOS and Aegis Logistics.
| Top Holdings | % of assets | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Geodesic | 5.09 | 127.55 | 117.90 | 0.59 |
| Havells India | 4.53 | 563.17 | 616.50 | 0.52 |
| Aries Agro | 3.15 | 126.23 | 119.65 | 0.36 |
| Rallis India | 2.52 | 1,454.75 | 1,459.55 | 0.29 |
| Sabero Org | 2.08 | 80.45 | 80.25 | 0.24 |
