Rekha Jhunjhunwala, Vijay Kedia among top investors hit by Q4 correction; portfolios fall up to 31%

Mumbai: The net worths of some of India's wealthiest individual investors witnessed some deep cuts in the March quarter amid stock market weakness that sank portfolios across the board.

The value of their holdings declined between 5% and 31% from Q3, showed data from primeinfobase.com. Portfolio values were calculated based on UHNI holdings that exceeded 1% of the equity base in the respective companies.

Rekha Jhunjhunwala, Mukul Agrawal, Nemish Shah, Ashish Kacholia and Vijay Kedia were among investors whose portfolios took the biggest hit. Those of Madhusudan Kela, Ashish Dhawan, Anil Goel and Akash Bhanshali were relatively insulated. Broadly, few investors made fresh purchases above 1% during the quarter.