| Smart Portfolios see marginal losses |
| Rex Cano / Mumbai February 22, 2010, 0:48 IST |
The Smart Portfolios saw marginal losses a week ahead of the Union Budget. While the market inched up in the first half of the week, it lost ground towards the end due to weak global cues. The portfolio value of S&P CNX 500, the benchmark index of Smart Portfolios, depreciated by 0.56 per cent to Rs 10.68 lakh. But, when compared to the start of Smart Portfolios on September 1, 2009, it’s net worth is up 6.83 per cent as of date.
Similarly, the fund manager's portfolio values, too, have appreciated over a period of time, despite weekly losses last week. Ajay Parmar's net worth is up 20.18 per cent. Amar Ambani's portfolio value has soared 22.34 per cent. Phani Sekhar, who, started three weeks later has seen a 4.3 per cent appreciation in net worth. And finally, Vinay Khattar, who replaced Praveen Panjwani recently, has seen a net gain of 4.96 per cent.
Ajay Parmar, Amar Ambani and Phani Sekhar were active last week; they cumulatively bought shares worth over Rs 50,000, on a net basis. Gross purchases totalled Rs 6.10 lakh, while gross sales amounted to Rs 5.60 lakh.
ON THE SIDELINES
Phani Sekhar Fund Manager – PMS, Angel Broking
Phani Sekhar was seen active after a gap of over a month. He exited from two stocks - Sunil Hitech for a gain of 24.29 per cent and Dhanalakshmi Bank for a loss of 10.7 per cent. He also booked partial gains in eClerx, Esab India, Axis Bank, Tech Mahindra and Federal Bank. On the other hand, he averaged his cost on his investment in 3i Infotech and Bharti Airtel. And, he has added Mindtree, JK Tyre and PFC to his portfolio. Sekhar now holds 15 stocks in his portfolio, of which eight are trading above his cost price. eClerx with a gain of 29.56 per cent is the top performer followed by Esab and Axis Bank. Reliance Infra with a loss of 15.2 per cent is the worst performer followed by Bharti Airtel and IDFC.
| Top Holdings | % of assets | Cost Price (Rs) | Current Price (Rs) | Value (Rs lakh) |
| Federal Bank | 9.06 | 244.54 | 251.4 | 0.95 |
| Reliance | 9 | 1,047 | 983.2 | 1 |
| Reliance Infra | 8.66 | 1183.00 | 1003.20 | 1 |
| eClerx | 8.55 | 344.25 | 446.00 | 1 |
| Esab India | 8.19 | 475.00 | 589.40 | 0.85 |
| Total investments | 99.81 | 10.41 | ||
| Cash | 0.19 | 0.02 | ||
| Net worth | 10.43 | |||
| Returns (%) | 4.30 |
FRESH BUYS
Ajay Parmar Head, Research (Institutional Equities) Emkay
Ajay Parmar executed just two trades last week, both on the buy side. He added OCL India and Trent to his portfolio for a total consideration of Rs 1.13 lakh. Parmar now holds 16 stocks in his portfolio, of which seven are trading above his cost price. Rallis India with a gain of over 11 per cent is the best performer followed by Trent and Bhushan Steel. Panacea Biotech with a loss of nearly 15 per cent is the worst performer followed by Orbit Corporation and Deccan Chronicle. Parmar's total investments are valued at Rs 8.36 lakh, and he holds Rs 3.66 lakh cash.
| Top Holdings | % of assets | Cost Price (Rs) | Current Price (Rs) | Value (Rs lakh) |
| Sesa Goa | 8.55 | 365.53 | 373.55 | 1.03 |
| Bhushan Steel | 5.40 | 1,564.00 | 1622.60 | 0.65 |
| OCL India | 5.22 | 127.75 | 125.55 | 0.63 |
| Lupin | 5.08 | 1510.25 | 1527.70 | 0.61 |
| Gujarat NRE Coke | 5.07 | 74.50 | 76.15 | 0.61 |
| Total investments | 69.55 | 8.36 | ||
| Cash | 30.45 | 3.66 | ||
| Net worth | 12.02 | |||
| Returns (%) | 20.18 |
PARTIAL PROFIT BOOKING
Vinay Khattar, Head – Research of WAIS, Edelweiss
Vinay Khattar remained on the sidelines for the week under review. He has 14 stocks in his portfolio, of which five are trading above his cost price. Fortis Healthcare with a gain of nearly 21 per cent is the best performer. It is followed by McNally Bharat and GTL Infrastructure. On the other hand, Godawari Power & Ispat is the worst performer, down 10.45 per cent, followed by Provogue and Motherson Sumi. Khattar's total investments stand at Rs 7.27 lakh, and he holds Rs 3.21 lakh cash.
| Top Holdings | % of assets | Cost Price (Rs) | Current Price (Rs) | Value (Rs lakh) |
| Aries Agro | 8.29 | 86.18 | 87.20 | 0.87 |
| Alok Inds | 7.84 | 24.43 | 24.20 | 0.82 |
| Pantaloon Ret | 6.68 | 420.89 | 402.85 | 0.70 |
| Pratibha | 6.25 | 314.46 |
