In a recent revelation, Home Minister Amit Shah and his wife, Sonal Shah, have showcased a diverse and strategic approach to investment, as highlighted in the affidavits filed with the Election Commission of India. Over the past five years, their investment portfolio has witnessed remarkable growth, unveiling insights into their financial acumen and the sectors they favor.
A meticulous analysis of the affidavits reveals a significant surge in the Shahs’ wealth, with their investments in the stock market soaring by an impressive 71 percent, amounting to Rs 37.4 crore as of April 15, 2024. Notably, this constitutes a substantial 57 percent of their total assets, which include a mix of property, savings, mutual funds, gold, and investments in various schemes.
Amit Shah has an overdiversified portfolio of 200+ stocks valued at ₹18 Cr. There are no Adani or Mukesh Ambani stocks in it, presumably to avoid controversy. He has Anil Ambani stocks. Wife has similarly large portfolio worth ₹20 Cr. She has invested in Reliance & Adani Wilmar pic.twitter.com/ChKc6rlxCp
— RJ Stocks (@RakJhun) April 21, 2024
What sets their investment strategy apart is the lack of a clear pattern, with their funds dispersed across 242 companies spanning diverse sectors. Despite this dispersion, they have allocated substantial sums, exceeding Rs 1 crore, to just 10 companies, indicating a focused approach within their diversified portfolio.
Banking and FMCG stocks emerge as particular areas of interest for the Shahs, with investments in prominent institutions such as Canara Bank, Karur Vysya Bank Limited, and various FMCG majors like Procter & Gamble, Hindustan Unilever, and Colgate-Palmolive. These investments underscore a balanced strategy, tapping into both the stability of banking institutions and the growth potential of consumer goods companies.
Shah’s investment
Furthermore, the affidavits reveal Shah’s direct stakes in an extensive array of companies, totaling 258, including both listed and unlisted entities. This diversified holding encompasses renowned names across sectors, from conglomerates like Aditya Birla and Reliance to tech giants like Infosys and Wipro, reflecting a broad-based investment approach.
The notable increase in Shah’s individual net worth, doubling to Rs 36 crore over five years, underscores not only his political prowess but also his astuteness in navigating the financial landscape. His wife’s investments in companies like Adani Wilmar further contribute to their collective net worth, which stands at an impressive Rs 65.67 crore.
As the Lok Sabha elections unfold, these disclosures offer a glimpse into the financial strategies adopted by political leaders, highlighting their ability to leverage diverse investment avenues. With the election results anticipated in early June, these insights into the financial prowess of key political figures add a layer of depth to the ongoing electoral discourse.
