The portfolio of Mukul Agrawal of Param Capital witnessed a 45% growth since April, while Ashish Dhawan and Ashish Kacholia saw their wealth grow more than 50% in the six months ended September.
Mumbai: The unrelenting run-up in shares of mid- and small-cap companies since April 1 has catapulted the wealth of some of India's top individual investors. According to primeinfobase.com data of investors with public equity portfolio worth atleast ₹1,000 crore, the wealth of these individuals have gone up by 8-102% in the first six months of FY24.
With a ₹1.67 lakh crore portfolio, Radhakishan Damani, founder of supermarket chain DMart, is in the number one position. In addition to a majority stake in Avenue Supermarts, parent of Dmart, Damani holds shares of VST Industries, India Cements and Trent among others. His portfolio declined by 5% in the September quarter. The share portfolio of the family of late Rakesh Jhunjhunwala rose 37% between April and September to ₹44,202 crore.
Portfolio values have been calculated on the basis of their holdings of more than 1% in a company.
The rally helped the portfolio of three individual investors - Vijay Kedia, Manish Jain, and Dilip Kumar Lakhi - cross the ₹1,000 crore-mark.
While Hemendra Kothari, owner of DSP Mutual Fund, and Akash Bhanshali of Enam witnessed a decline in their portfolio values during the September quarter, the remaining 12 investors recorded gains ranging from 11% to 41% in the period.
The portfolio of Mukul Agrawal of Param Capital witnessed a 45% growth since April, while Ashish Dhawan and Ashish Kacholia saw their wealth grow more than 50% in the six months ended September.
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