The markets slipped this week, after the US Federal Reserve signalled it might reduce its monetary stimulus. Global concern on the health of the Chinese economy and foreign institutional investors (FIIs) remaining sellers in India led to a 2-2.5 per cent decline in benchmark indices.
Except one, all the other five fund managers were active during the last fortnight. (Click for table)
A K PRABHAKAR
Sr VP (Equity Research), Anand Rathi Financial Services
Prabhakar did some value-buying---Tata Coffee, Maruti Suzuki, Lupin, Reliance Industries and Indiabulls Real Estate. He also had a series of 'sell' calls.
According to Prabhakar, the monthly charts indicate major support for the Nifty at 5,520. Till that holds, the chances of the Nifty reversing and targeting 6,229 and 6,357 in three to four months are high. He considers the current volatility a temporary deterrent.
Also, at current levels, he is considering investing in frontline stocks and scrips, near all-time highs, which can outperform through the next one to two months. Currently his portfolio comprises Bata India, Maruti Suzuki, Mahindra & Mahindra Financial Services, Tata Coffee and Reliance Industries.
Prabhakar's net worth rose 1.11 per cent to Rs 10.11 lakh.
SHARDUL KULKARNI
Head, Technical Research, Angel Broking
Kulkarni holds only two stocks in his portfolio---Tech Mahindra and Oracle Financial Services Software. Through the last two weeks, he bought and sold Astrazeneca Pharma India, Strides Arcolab and Satyam Computer Services.
Kulkarni prefers to wait and see whether the government would take any concrete step to stem the bear domination in the currency market. Till then, he would remain on the sidelines. He expects banking and other interest rate-sensitives to correct through the next few sessions.
Kulkarni's net worth rose 21.68 per cent to Rs 12.17 lakh.
NAVEEN FERNANDES
Fund Manager, Centrum Wealth
Fernandes added a single stock, NMDC, to his portfolio.
FIIs, who invested $15 billion in the last six months, might sell a couple of billion dollars of securities in the near term. However, domestic institutions are likely to support the market, as these would have a great opportunity for bargain buys, says Fernandes.
His top holdings include Karur Vysya Bank, MRF, ITC, Balmer Lawrie & Company and Engineers India.
His net worth stands at Rs 10.68 lakh, up 6.8 per cent.
KISHOR OSTWAL
CMD, CNI Research
According to Ostwal, sell-offs have already taken place due to the rolls procedure. He expects the Nifty to stand at about 5,750 before this month's settlement. His holdings are Indian Oil Corporation, Reliance Industries, Tata Motors, Siemens and KSK Energy Ventures. Ostwal's net worth slipped 7.53 per cent to Rs 9.25 lakh.
SACHIN SHAH
Fund Manager, Emkay Investment Managers
Shah restructured his portfolio by booking profits in several counters.
He added Jammu and Kashmir Bank, IDFC, Mahindra & Mahindra and ICICI Bank.
He expects consolidation at current levels, as the markets have already come off quite a bit. He adds there is a possibility of the Nifty bouncing back to 5,850.
Currently, his holding comprises ICICI Bank, Mahindra & Mahindra, Jammu and Kashmir Bank, Divis Laboratories and Biocon.
Shah's net worth rose 7.18 per cent to Rs 10.72 lakh.
TAHER BADSHAH
Sr VP and co-head equities, Motilal Oswal AMC - PMS
Badshah booked a marginal loss in Astrazeneca Pharma India.
Through the last fortnight, he added Tata Motors, Mahindra & Mahindra and Reliance Communications to his account.
His top holdings include Maruti Suzuki, Sundaram Finance, Bajaj Corp, Nestle India and Tree House Education & Accessories.
Badshah's net worth stands at Rs 11.02 lakh, up 10.22 per cent.
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