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aloksahi1971
Senior Member
Joined: 20/Aug/2007
Location: India
Online Status: Offline
Posts: 390
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   Topic: This is what the PMS guys buy!!!
Posted: 21/Aug/2007 at 12:07pm |
Basantjee,
1. It makes me feel real bad when ever I discuss/mention my PMS. But Gam batne se shayad halka ho jaye!!!!
2. Stock % Holding Avg cost.
1. Shriram finance 10.68 162
2. India cements 9.75 190.54
3. Bajaj Electricals 6.31 559
4. BPL 2.46 85
5 Bata 8.94 204
6. Balaji 10 138
7. Cadila 8.24 297
8. Bombay Dying 8.04 558
9. GTl Ltd 9.65 232.74
10. Infosys 10.63 2049
11. subex Auzre 4.41 596
12. cash 12.19
The last 16 months they have given areturn of 20% which is half of abalanced fund like HDFC Prudence fund.I am furious. 
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xbox
Senior Member
Joined: 10/Sep/2006
Online Status: Offline
Posts: 2001
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Posted: 21/Aug/2007 at 12:12pm |
Basant jee,
I am waiting for you comment on 'smart money' portfolio. Meanwhile I am quite impressed to see following in their book...BPL, bata, GTL Ltd, Bombay Dying, Balaji. If they wanted of this category then they should have picked IFCI as well.
Edited by xbox - 21/Aug/2007 at 12:13pm
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Don't bet on pig after all bull & bear in circle.
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aloksahi1971
Senior Member
Joined: 20/Aug/2007
Location: India
Online Status: Offline
Posts: 390
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Posted: 21/Aug/2007 at 12:20pm |
xBOXJEE,
1. ADVICE IF I SHOULD EXIT OR STAY PUT.
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 21/Aug/2007 at 12:36pm |
Captain. Seems they have been milking you for exits from their other schemes. It is absolutely disgusting to see the "smart money" behave in such dumb fashion? Just see the nature of industries they screwed up with textiles, electronics, footwear!!!
No one has made money in such business models over alonger period of time. Problem is these people behave like normal retail investors and still pocket that incremental 20% gain over the hurdle rate so in one way it is akin to pick pocketing.
I suggest that thinking about the past will do us no good. Now what you should focus on is how to take care of your portfolio and also forget what happened. These guys will get new people to cream but that is how the story runs.No stock in that portfolio is a sector leader!!!
How on earth could they buy GTL (tainted in the 2000 scam), BPL (tainted in 1997 Harshad Mehta 2nd round of stock rigging)? It is really unfortunate.
Edited by basant - 21/Aug/2007 at 1:23pm
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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xbox
Senior Member
Joined: 10/Sep/2006
Online Status: Offline
Posts: 2001
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Posted: 21/Aug/2007 at 12:38pm |
xBOXJEE,
1. ADVICE IF I SHOULD EXIT OR STAY PUT
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Sorry!! Alok jee, I refrain from advising. Even I don't recommend my own stocks. As market is sinking day by day, it make sense to get out of weak stocks but as future is uncertain, nothing is 100% sure.
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Don't bet on pig after all bull & bear in circle.
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aloksahi1971
Senior Member
Joined: 20/Aug/2007
Location: India
Online Status: Offline
Posts: 390
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Posted: 21/Aug/2007 at 12:55pm |
To top it they have made a loss in the past year Mar 06 to 07 and then they say the profit sharing will be done on the NAV of the anniversary date i.e my loss is a profitable experience for them. I was promised constant feed back by the relationship manager and some interaction with the fund manager. Hasrat hai, ke koi kabhi to khabar leta after taking the money.On my complaint they appologised profusly with the local manager and the eastern regional head washing dirty linen on the conference call with me on the line too.
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 21/Aug/2007 at 1:08pm |
I would realign the portfolio because even if the market falls (I do not know) you are invested so why not be invested in the better known businesses because right now all stocks are down and it gives a good chance for you to get out of the dirt these guys have put you into!!!
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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smartcat
Senior Member
Joined: 29/Mar/2007
Location: India
Online Status: Offline
Posts: 4243
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Posted: 21/Aug/2007 at 1:17pm |
Captain Sir, Do you know how to fire a Bazooka or a Howitzer? Your PMS manager will try to run but I think you can still get him if you aim correctly.
Generally, before creating a portfolio for you, PMS guys should interview you to get an idea about risk profile and holding duration. Did they do any of this? Did you ask them to put your money in midcaps?
If you are a busy person with little time to manage your money, I would recommend you go for 'Wealth Management' services offered by banks like HSBC/Citibank etc, rather than 'PMS'. These guys don't recommend stocks as such, just mutual funds, insurance and fixed deposits.
Basically, based on your risk profile, you will get a decent enough financial plan. Of course, nothing beats doing everything on your own.
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