Rahul Gandhi Reveals 25 Stocks and 7 Mutual Funds Valued at Over Rs 8 Crore

Congress MP Rahul Gandhi,  disclosed assets exceeding Rs 20 crore in his recent electoral declaration. According to the affidavit submitted to the Election Commission of India (ECI), Gandhi’s movable assets amounted to Rs 9,24,59,264, with a significant portion, approximately 90% (Rs 8,16,94,091), allocated to investments in mutual funds and stocks.

The 53-year-old Member of Parliament from Wayanad has investments in 25 listed companies, encompassing both established blue-chip stocks and promising ventures in small-cap markets. As of March 15, 2024, the total value of his stock holdings surpassed Rs 4.33 crore.

Gandhi’s largest stockholding, comprising 4,068 shares, lies in a small-cap company named Suprajit Engineering, valued at over Rs 16.65 lakh as of March 15, which subsequently rose to over Rs 17 lakh by April 4.

One noteworthy aspect is the substantial increase of over 20% in the value of Suprajit Engineering stocks within a year, trading at Rs 420.40 apiece on the Bombay Stock Exchange (BSE) as of 2.26 pm.

Among his significant holdings in terms of volume, Gandhi possesses 3,093 shares in ITC valued at Rs 12.96 lakh and 2,299 shares in ICICI Bank worth Rs 24.83 lakh, as of March 15.

His largest holding, valued by market capitalization, consists of 1,474 stocks in Pedilite Industries worth Rs 42.27 lakh as of March 15. Other notable holdings include Asian Paints (Rs 35.29 lakh), Bajaj Finance (Rs 35.89 lakh), Nestle India (Rs 35.67 lakh), and Titan Company (Rs 32.58 lakh).

Furthermore, his investment portfolio encompasses stocks in companies like Alkyl Amines, Deepak Nitrite, Divi’s Laboratories, Infosys, Tata Consultancy Services (TCS), and Britannia Industries.

Rahul Gandhi has diversified his investments, allocating approximately Rs 3.81 crore across seven mutual funds, which include small and midcap funds among others.

His most substantial investment stands in HDFC Small Cap regular (growth) with a market value of Rs 1.23 crore, closely followed by ICICI Prudential Regular Savings Fund valued at Rs 1.02 crore. Recent data suggests a notable surge in the Net Asset Value (NAV) of the HDFC Small Cap regular (growth) scheme, which has increased by 51.85% over the past year.

 


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