| Smart Portfolios outperforms |
| Rex Cano / Mumbai January 11, 2010, 1:31 IST |
In one of the better weeks for Smart Portfolios, the four fund managers have outperformed the benchmark S&P CNX 500 index by a significant margin. Last week, while the benchmark saw an increase of 1.77 per cent, the average returns of the four fund managers stood around 3.85 per cent. An investment of Rs 10 lakh in the benchmark Smart Portfolio on September 1, 2009, is today valued at Rs 11.47 lakh, up 14.71 per cent.
Fund managers, barring Phani Sekhar, were all seen busy churning their portfolios. Ajay Parmar sold stocks worth Rs 16,124 at the net level, and Praveen Panjwani too was a net seller of stocks. Amar Ambani, however, bought shares worth Rs 1.86 lakh last week.
Ajay Parmar’s net worth now stands at Rs 12.57 lakh, up 25.67 per cent, Amar Ambani’s portfolio value appreciated by 25.40 per cent to Rs 12.54 lakh. A double digit growth of 10.40 per cent has helped Phani Sekhar’s net worth rise to Rs 11.04 lakh, while Praveen Panjwani’s portfolio is now valued at Rs 10.86 lakh, up 8.65 per cent.
MARGINAL SALES
Ajay Parmar Head, Research (Institutional Equities) Emkay
Ajay Parmar's portfolio value grew by 4.32 per cent last week. His gross purchases totaled Rs 2.39 lakh, while gross sales stood at Rs 2.55 lakh. His fresh purchases are Bombay Dyeing, Adhunik Metaliks, Dalmia Cement, Dhampur Sugar and Walchandnagar Industries.
On the other hand he booked gains in the range of 4-15 per cent on his investments in Aurionpro Solutions, Hinduja Ventures, Praj and Greaves Cotton. Parmar has 22 stocks in his portfolio of which just three are trading below cost price. Ashapura Minechem, Sterlite Technologies and Rain Commodities are his top picks in terms of returns. He holds cash of Rs 20,165.
| Top Holdings |
% of assets |
Cost Price (Rs) |
Current price (Rs) |
Value (Rs lakh) |
| HEG | 7.74 | 376.21 | 389.30 | 0.97 |
| Rain Commodities | 6.66 | 200.99 | 238.95 | 0.84 |
| Bhushan Steel | 6.35 | 1361.00 | 1596.10 | 0.80 |
| Aegis Logistics | 6.24 | 204.30 | 224.00 | 0.78 |
| Ashapura Mine | 5.54 | 69.80 | 87.00 | 0.70 |
| Total investments | 98.40 | 12.36 | ||
| Cash | 1.60 | 0.20 | ||
| Net worth | 12.57 | |||
| Returns (%) | 25.67 |
NET BUYER
Amar Ambani, Vice President (Research), India Infoline
Amar Ambani executed 25 trades last week, 14 on the buy side. His gross purchases amounted to Rs 6.79 lakh, while gross sales stood at Rs 4.93 lakh. Some of prominent purchases are Educomp Solutions, Suzlon Energy, Tata Tea, Mahindra Satyam, Punj Lloyd, Pidilite and OnMobile. National Aluminium, Jindal South, Apollo Hospitals and M&M Financial were the gainers for the week.
Incidentally, Ambani also holds 25 stocks in his portfolio, of which just three are trading below his purchase price. Tata Sponge, IFCI and Sesa Goa the best performing stocks in his portfolio, and PVP Ventures is the biggest drag. Ambani’s portfolio value appreciated by 5.47 per cent last week, and he now holds Rs 20,648 in cash.
| Top Holdings |
% of assets |
Cost Price (Rs) |
Current price (Rs) |
Value (Rs lakh) |
| Tata Sponge | 5.24 | 285.25 | 364.95 | 0.66 |
| Aban Offshore | 4.72 | 1378.60 | 1478.45 | 0.59 |
| IFCI | 4.60 | 51.60 | 57.65 | 0.58 |
| Essar Oil | 4.38 | 147.35 | 156.80 | 0.55 |
| OnMobile | 4.30 | 461.20 | 490.75 | 0.54 |
| Total investments | 98.36 | 12.33 | ||
| Cash | 1.64 | 0.21 | ||
| Net worth | 12.54 | |||
| Returns (%) | 25.40 |
BALANCED TRADES
Praveen Panjwani Assistant Vice President, Edelweiss
Praveen Panjwani executed 14 trades, seven on each side. His gross purchases and sales totaled almost Rs 2.31 lakh. He booked significant gains on his investments in Tinplate, Bhushan Steel and Motherson Sumi. His fresh buys include Pidilite, Deccan Chronicle, Engineers India, Indian Hotels and Jubilant Organosys.
Panjwani has 25 stocks in his portfolio of which seven are trading below his cost price. Tinplate, Gujarat Petronet and McNally Bharat are his top picks, while MindTree and Jet Airways are the prominent losers. His net worth rose by 2.16 per cent last week.
| Top Holdings |
% of assets |
Cost Price (Rs) |
Current price (Rs) |
Value (Rs lakh) |
| Pidilite | 9.49 | 184.70 | 207.90 | 1.03 |
| IFCI | 6.31 | 271.00 | 298.10 | 0.69 |
| Bharat Forge | 6.09 | 269.77 | 281.70 |
