Singapore fund made a killing in these 24 D-Street stocks
NEW DELHI: Smart stock pickers have made money with both hands in the equity rally over the past one year, especially in those who have chosen the right midcap and smallcap stocks.
A quick look at ace investor Rakesh Jhunjhunwala’s portfolio shows at least 20 of his portfolio stocks
gained up to 280 per cent
during the year gone by.
Singapore-based fund managed Akash Prakash has a similar success story to tell. Interestingly, he made money on familiar names in the domestic stock market.
Ranked among the top 20 fund managers in Asia by Asia Money in 1999, Akash Prakash’s fund management company Amansa Capital reported 200 per cent surge in returns in its India-focused portfolio.
Amansa Capital’s 24 portfolio stocks, where it holds over 1 per cent stake, is valued at nearly Rs 8,400 crore at prevailing prices.
Amansa focuses on bottom-up investing in well-managed and financially-disciplined companies which have strong growth potential and can be held for multiple years.
Among Amansa’s holdings, shares of Edelweiss Financial Services surged 200 per cent in last one year. Amansa held 1,19,00,000 shares, or 1.39 per cent stake, in the broking firm, which was worth Rs 349 crore at the beginning of 2018. Amansa has been holding the stock at least since 2009.
Ramkrishna Forgings soared 200 per cent. Amansa owned 6.39 per cent stake in this company, worth at least Rs 178 crore, as of September 30.
Another stock, Balkrishna Industries, where Amansa holds at least since 2015, rose 116 per cent. The shareholding values were based on September quarter numbers.
Eveready Industries (since 2015), Sun TV (since 2012) and Sundaram Fasteners (since 2016) are some other Amansa portfolio stocks, which have doubled investor wealth in last one year.
Among other stocks where the firm has highest exposure, Federal Bank (Rs 752 crore) SRF (Rs 733 crore), Info Edge (Rs 552 crore), Sundaram Fasteners (Rs 483 crore) and Crompton Greaves Consumer (Rs 475 crore) together account for 36 per cent of total portfolio.
Other prominent Amansa portfolio stocks included Bharat Financial, Sun TV, Cyient and Ashok Leyland.
In value terms, 24 Amansa Holdings’ portfolio stocks were worth Rs 8,378 crore as of December 29.
Here’s the full list of Amansa portfolio stocks: