Fund managers' portfolios take cues from global markets

Stocks around the globe remained volatile ahead of the European summit, expected to ease the looming debt crisis. Indian markets were no different. They remained extremely volatile in the past one week for various reasons, global and domestic. The markets reacted to reports that food inflation had fallen sharply to 6.6 per cent for the week ended November 26, compared to eight per cent in the previous week ended November 19, and also to reports of foreign direct investment in retail having been put on hold.

The portfolios of Smart Portfolios' fund managers reflected the volatility in the markets.

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As of December 8, Rikesh Parikh's net worth stands at Rs 980,000, down 2.03 per cent; Mehraboon Irani's is valued at Rs 872,000, down 12.79 per cent; Ashish Mittal's is Rs 960,000, down 4.01 per cent; Alex Mathews' is Rs 992,000, down 0.84 per cent and Ajay Parmar's totals Rs 993,000, down 0.74 per cent.

RIKESH PARIKH,
VP, Equity Strategies, Motilal Oswal Securities
In the last week, Parikh made seven transactions, most of which were on the sell side. He purchased Oriental Bank of Commerce and Dena Bank.

He booked profits of 10 per cent on having exited from Jaiprakash Associates. He booked gains on having sold Coal India, too. On having exited from NTPC and Reliance Industries, he incurred losses of two and three per cent each.

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His top five holdings are Dena Bank, Mcleod Russel India, Coal India, Deepak Fertilizers & Petrochemicals Corp and State Bank of India.

RIKESH PARIKH, VP (equity strategies), Motilal Oswal Securities
Top Holdings	Cost price (Rs)	Current price (Rs)	Value (Rs lakh)
Dena Bank	76.10	63.70	0.38
Mcleod Russel India	256.14	222.40	0.33
Coal India	339.94	313.50	0.31
Deepak Fertilizers	166.16	143.85	0.29
SBI	1783.97	1867.90	0.28
Total investments			2.71
Cash			7.09
Net worth			9.80

MEHRABOON IRANI
, principal & head (Private Client Group), Nirmal Bang Securities Pvt Ltd
During the period under study, Irani made a total of 23 transactions. His purchases include Steel Authority of India, Ranbaxy Laboratories, Sun TV Network, Sterlite Industries and MRF.

He incurred losses on having let go of Ranbaxy Laboratories. On exiting Sterlite Industries, he incurred a loss of two per cent. A loss of five per cent was incurred on selling Sun TV Network. He booked a profit of two per cent on having exited from MRF and also booked marginal gains on having exited Steel Authority of India.

His top five holdings are Idea Cellular, Bharti Airtel, Ranbaxy Laboratories, Delta Corp and Godrej Industries.

MEHRABOON IRANI, Principal & Head (PCG), Nirmal Bang Securicies
Top Holdings	Cost price (Rs)	Current price (Rs)	Value (Rs lakh)
Idea Cellular	93.57	87.65	0.88
Bharti Airtel	382.52	367.25	0.83
Ranbaxy Laboratories	462.76	418.45	0.71
Delta Corp	97.91	71.40	0.68
Godrej Industries	201.82	198.00	0.59
Total investments			8.48
Cash			0.24
Net worth			8.72

ASHISH MITTAL,
Fund Manager, PMS, Centrum Wealth
In the past one week, Mittal made one transaction on the buy side. He purchased Hindustan Zinc.

His top five holdings include MRF, Balmer Lawrie & Company, Karur Vysya Bank, Bharat Electronics and ITC.

ASHISH MITTAL, Fund Manager (PMS), Centrum Wealth
Top Holdings	Cost price (Rs)	Current price (Rs)	Value (Rs lakh)
MRF	6816.10	7328.10	0.73
Balmer Lawrie & Company	618.48	532.80	0.69
Karur Vysya Bank	372.59	380.20	0.65
Bharat Electronics	1582.70	1525.05	0.61
EID Parry	242.43	197.30	0.55
Total investments			8.56
Cash			1.04
Net worth			9.60

ALEX MATHEWS,
head (Technical and Derivatives Research), Geojit BNP Paribas Financial Services
Mathews remained on the sidelines during the past one week, with no transaction.

Tata Coffee, Larsen & Toubro, Bajaj Financial Services and Ranbaxy Laboratories are his top holdings.

ALEX MATHEWS, Head (Technical and Derivatives Research), Geojit BNP Paribas Financial Services
Top Holdings	Cost price (Rs)	Current price (Rs)	Value price (Rs)
Tata Coffee	897.89	810.80	0.20
Larsen & Toubro	1385.51	1260.30	0.13
Bajaj Financial Services	571.78	438.05	0.11
Ranbaxy Laboratories	510.17	418.45	0.10
Total investments			0.54
Cash			9.37
Net worth			9.92

AJAY PARMAR,
head (Institutional Research), Emkay Global
Parmar made five transactions in the past one week. He exited IVRCL and booked a profit of nine per cent. He booked profits of four per cent each on having let go of Shree Cement and Tata Motors. He booked a six per cent loss on having let go of Motherson Sumi Systems and incurred marginal losses on exiting Sintex Industries, which had been one of his top holdings till last week.

His top holdings are Suzlon Energy, Hindustan Construction Company, Gitanjali Gems, Financial Technologies and Insecticides India.

AJAY PARMAR, Head (Institutional Research), Emkay Global
Top Holdings	Cost price (Rs)	Current price (Rs)	Value (Rs lakh)
Suzlon Energy	23.61	22.95	0.28
Hindustan Construction Co	23.01	21.65	0.26
Gitanjali Gems	341.75	338.25	0.25
Financial Technologies	615.98	613.20	0.25
Insecticides India	408.72	404.50	0.24
Total investments			1.66
Cash			8.27
Net worth			9.93