| Smart Portfolios shine in holiday week |
| Rex Cano / Mumbai December 28, 2009, 0:18 IST |
The Smart Portfolios registered healthy gains last week in line with a pull back in the broader markets. The benchmark index, S&P CNX 500, was up 3.61 per cent in the holiday-shortened week. An investment of Rs 10 lakh at the start of the Smart Portfolios on September 1, 2009, is today valued at Rs 11.20 lakh, an appreciation of almost 12 per cent. This week, barring Praveen Panjwani, other three fund managers were able to match the benchmark’s return.
The overall picture is, however, mixed. Ajay Parmar and Amar Ambani have outperformed the benchmark with a 5-6 per cent margin. While Parmar’s net worth is up 18 per cent, Ambani’s portfolio value has appreciated by 16.74 per cent. Phani Sekhar’s performance is mostly in line with the benchmark, considering the fact that he joined Smart Portfolios on September 18, 2009, post which the benchmark has gained 6.3 per cent as against his returns of 5.93 per cent. Praveen Panjwani, however, lags in terms of returns.
REVAMP MODE
Praveen Panjwani
Assistant Vice President, Edelweiss
Praveen Panjwani has revamped his portfolio in the week under review. He was quite active, initiating 44 trades, 22 on each (buy and sell) side. Some of his prominent buys during the week are Yes Bank, Bharat Forge, Procter & Gamble, Jagran Prakashan, MindTree, Jet Airways and Century Textiles. Panjwani has 24 stocks in his portfolio, of which 15 are in green territory. Gujarat Petronet and Fortis Healthcare are the top performers, while IRB Infrastructure is the only significant loser.
| Top Holdings |
% of assets |
Cost Price (Rs) |
Current Price (Rs) |
Value (Rs lakh) |
| Hind Oil Exp | 9.04 | 271.00 | 278.80 | 0.92 |
| Bharat Forge | 6.20 | 269.77 | 269.45 | 0.63 |
| Allahabad Bank | 6.18 | 130.23 | 128.30 | 0.63 |
| Guj Petronet | 6.17 | 81.75 | 98.05 | 0.63 |
| Pidilite | 6.06 | 178.94 | 188.80 | 0.62 |
| Total investments | 100.0 | 10.22 | ||
| Cash | 0.0 | 0.00 | ||
| Net worth | 10.22 | |||
| Returns (%) | 2.19 |
SHOPPING TIME
Ajay Parmar
Head, Research (Institutional Equities) Emkay
Ajay Parmar was in shopping mood last week. His gross purchases for the week amounted to Rs 5.16 lakh, while gross sales totalled Rs 88,145. Thus, his net purchases of shares for the week stood at Rs 4.28 lakh. His fresh purchases include Sintex, HEG, Deccan Chronicle, Praj, Suzlon and Geometric among others. Parmar has 20 stocks in his portfolio, of which Sterlite Technologies, Rain Commodities and Sesa Goa are the top performers. His net worth now stands at Rs 11.80 lakh, and he has Rs 6,361 in cash.
| Top Holdings |
% of assets |
Cost Price (Rs) |
Current Price (Rs) |
Value (Rs lakh) |
| HEG | 7.91 | 376.21 | 373.35 | 0.93 |
| Sterlite Tech | 7.82 | 307.11 | 354.70 | 0.92 |
| Aurionpro Solutions | 7.25 | 266.21 | 295.00 | 0.86 |
| Rain Commodities | 6.88 | 200.99 | 232.05 | 0.81 |
| Torrent Pharma | 6.83 | 396.75 | 402.90 | 0.81 |
| Total investments | 99.46 | 11.74 | ||
| Cash | 0.54 | 0.06 | ||
| Net worth | 11.80 | |||
| Returns (%) | 17.99 |
STILL ON SIDELINES
Phani Sekhar
Fund Manager – PMS, Angel Broking
Phani Sekhar continued to remain on sidelines. Out of the 13 stocks in portfolio, 10 are trading above his cost price. eClerx and Sunil Hitech with gains of 19.36 per cent and 17.56 per cent are the top gainers. Tech Mahindra, Esab India, HDFC Bank and MphasiS are the other major gainers. On the other hand, Bharti Airtel and Reliance Infrastructure with losses in excess of 6 per cent each are the major losers. Sekhar’s portfolio value is now worth Rs 10.59 lakh, which includes Rs 1,890 in cash.
| Top Holdings |
% of assets |
Cost Price (Rs) |
Current Price (Rs) |
Value (Rs lakh) |
| eClerx | 10.86 | 344.25 | 401.90 | 1.15 |
| Federal Bank | 9.82 | 244.54 | 242.00 | 1.04 |
| Reliance | 9.55 | 1046.93 | 1076.30 | 1.01 |
| Reliance Infra | 9.37 |
