| Rising market boosts returns |
| Rex Cano / Mumbai August 31, 2009, 0:26 IST |
The markets were quite weak and lacklustre in the first half of the one year period in Smart Portfolios. However, we had an eventful second half, as the markets soared backed by renewed optimism of global economic recovery, better-than-expected corporate earnings and a thumping win by the UPA government in the general elections.
The market upswing saw a huge change in fortunes for investors with fund managers cashing in on the up move. Today, at the end of Smart Portfolios Season I, the benchmark (BSE 200) has given a return of 9.37 per cent.
In sharp contrast to the benchmark’s net returns, our four fund managers have out-performed by a wide margin. Amar Ambani’s networth has zoomed 161 per cent to Rs 26.12 lakh, Anand Agarwal’s portfolio value has soared over 120 per cent to Rs 22.02 lakh, Kashyap Pujara’s networth has appreciated by over 34 per cent to Rs 13.42 lakh and Sadanand Shetty’s portfolio value is up nearly 64 per cent at Rs 16.37 lakh.
In the week under review, the Smart Portfolios networth rose by 4.5 per cent.
QUIET WEEK
KASHYAP PUJARA
Fund Manager, ENAM Direct
Kashyap Pujara remained on the sidelines for the second straight week, while his portfolio value appreciated by 2.8 per cent. His top performing stocks were Century Textiles (up 74 per cent), Sterlite (up 70 per cent) and EID Parry (up 59 per cent).
| Top Holdings | % of assets | Cost Price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Balrampur Chini | 25.34 | 96.27 | 113.35 | 3.40 |
| Aditya Birla Nuvo | 15.05 | 695.00 | 1009.70 | 2.02 |
| Century Textiles | 13.54 | 273.00 | 454.25 | 1.82 |
| ONGC | 13.18 | 1028.00 | 1179.20 | 1.77 |
| EID Parry | 9.67 | 313.99 | 324.25 | 1.30 |
| Total investments | 94.08 | - | - | 12.62 |
| Cash | 5.92 | - | - | 0.79 |
| Net worth | - | - | - | 13.42 |
| Returns (%) | 34.17 | - | - | - |
The laggards were Reliance Communications (down 53 per cent) and Madras Aluminum (down 30.3 per cent).
MARGINAL GAINS
ANAND AGARWAL
Head – Products & Investments, Reliance Money
Anand Agarwal was a net seller of stocks worth Rs 5.66 lakh, and his portfolio value moved up by 0.8 per cent (Rs 18,000) last week. His networth scaled over 120 per cent, thanks to Axis Bank (up 187 per cent) and TRF (up 61 per cent).
| Top Holdings | % of assets | Cost Price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Numeric Power | 22.71 | 372.00 | 490.35 | 5.00 |
| Rasoi | 20.44 | 301.00 | 375.05 | 4.50 |
| Sakthi Sugar | 15.41 | 79.68 | 84.85 | 3.39 |
| Prime Focus | 4.49 | 171.25 | 197.65 | 0.99 |
| Total investments | 63.06 | - | - | 13.88 |
| Cash | 36.94 | - | - | 8.13 |
| Net worth | - | - | - | 22.02 |
| Returns (%) | 120.19 | - | - | - |
Jet Airways (down 56 per cent), Deccan Aviation (down 60 per cent) and Reliance Communications (down 37 per cent) were the major drags.
HEALTHY PROFITS
AMAR AMBANI
Vice President (Research), India Infoline
Amar Ambani’s networth rose by 5.3 per cent (Rs 1.32 lakh) in the week under review. He was a net seller of stocks worth Rs 15.85 lakh. His best pick was Hindustan Oil Exploration with a net gain of over 92 per cent followed by Elantas (up 79 per cent), and Falcon Tyres (up 65.4 per cent).
| Top Holdings | % of assets | Cost Price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Aban Offshore | 12.03 | 1350.00 | 1571.30 | 3.14 |
| Allied Digital | 9.59 | 452.80 | 500.75 | 2.50 |
| NIIT Tech | 2.44 | 114.95 | 127.50 | 0.64 |
| Jindal Drilling | 2.39 | 517.00 | 624.25 | 0.62 |
| Suven Life | 1.86 | 22.75 | 32.40 | 0.49 |
| Total inves |
