| Switching to buy mode |
| Prafull Shirsat / Mumbai June 4, 2010, 0:49 IST |
The rally in the market resulted in a better performance for all our fund managers, except Vinay Khattar. The Smart Portfolios benchmark, the S&P CNX 500, rose 2.97 per cent last week. An investment of Rs 10 lakh in the benchmark at the start of Season II on September 1, 2009, is now valued at Rs 11.08 lakh — a gain of 10.75 per cent.
The fund managers were in bullish mode last week. The three fund managers cumulatively executed 45 trades, of which 36 were on the buy side, resulting in net purchases of Rs 11.88 lakh.
Ajay Parmar
Head, Research (Institutional Equities), Emkay
Ajay Parmar executed 26 trades last week — 18 were on the buy side. His portfolio value advanced by 2.58 per cent to Rs 13.13 lakh over the previous week. Parmar's investments stand at Rs 13.09 lakh, while he holds just Rs 4,000 in cash. His mainstream pharma stocks are giving him returns in the range of 3-42 per cent. He added OnMobile, Chambal Fertilisers, Educomp Solns and JM Financial to his portfolio for a consideration of Rs 1.12 lakh. He exited Godawari Power, Zylog System and Essar Shipping.
| Top Holdings | % of assets | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Torrent Pharm | 9.63 | 545.75 | 561.75 | 1.26 |
| Sesa Goa | 7.99 | 358.32 | 381.60 | 1.05 |
| Lupin | 5.62 | 1510.25 | 1845.20 | 0.74 |
| Cadila Health | 5.18 | 480.68 | 607.35 | 0.68 |
| Greaves Cotton | 5.07 | 371.95 | 333.05 | 0.67 |
| Total investments | 99.70 | 13.09 | ||
| Cash | 0.30 | 0.04 | ||
| Net worth |
13.13 |
Amar Ambani
Vice-President (Research), India Infoline
Amar Ambani did some more buys last week. As a result of his net purchases of Rs 2.89 lakh, his portfolio ended in the positive with a marginal rise of 0.9 per cent at Rs 13.7 lakh, as against a negative return of 0.6 per cent in the previous week. Despite aggressive buying, he continues to hold a fairly high amount of cash at Rs 4.94 lakh. Ambani's portfolio is looking relatively healthy, with overall returns of 37 per cent since the inception of Smartpolios II. Four of his top picks – IDFC, Gulf Oil, Zandu Realty and Indian Bank – are giving positive returns in the 3-13 per cent range.
| Top Holdings | % of assets | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| IDFC | 5.46 | 154.89 | 162.45 | 0.75 |
| Gulf Oil Corp | 4.75 | 95.78 | 98.55 | 0.65 |
| Zandu Realty | 3.33 | 2690.00 | 3040.75 | 0.46 |
| Indian Bank | 2.84 | 212.75 | 229.10 | 0.39 |
| Sesa Goa | 2.79 | 384.25 | 381.60 | 0.38 |
| Total investments | 63.91 | 8.75 | ||
| Cash | 36.09 | 4.94 | ||
| Net worth |
13.70 |
Vinay Khattar
Head, Research (WAIS), Edelweiss
Vinay Khattar, with all eight buy orders last week, was the only fund manager whose portfolio value decreased 1.4 per cent to Rs 11.23 lakh. He made a fresh purchases in ONGC, UCO Bank and Sterlite Technologies. He also added Havells India, Tata Motors, Sabero Organics, Ashok Leyland and Aries Agro. Khattar was a net buyer worth Rs 5.19 lakh and continues to hold Rs 5.33 lakh in cash. Piramal Healthcare was the biggest loser in his portfolio, down 11.5 per cent. Tata Motors, Aries Agro and Sterlite Technologies were down marginally. ONGC and UCO Bank were up four-five per cent.
| Top Holdings | % of assets | Cost price (Rs) | Current price (Rs) | Value (Rs lakh) |
| Havells India | 6.53 | 610.05 | 637.15 | 0.73 |
| Ashok Leyl | 6.29 | 63.75 | 64.30 | 0.71 |
| Sabero Org | 6.26 | 73.80 | 74.15 | 0.70 |
| Tata Motors | 6.22 | 769.50 | 767.25 | 0.70 |
| Aries Agro | 6.22 | 120.00 | 119.75 | 0.70 |
| Total investments | 55.52 | 5.90 | ||
