The recent disclosure of Home Minister Amit Shah and his wife Sonal Shah’s stock market investments, outlined in an affidavit submitted to the Election Commission, has drawn attention for its substantial growth over the past five years. The couple’s investments have surged by an impressive 71%, reaching a staggering INR 37.4 crores by April 15, 2024, comprising a significant 57% of their total assets. Here’s a comprehensive overview of their diversified investment portfolio:
Diverse Investment Strategy
Spread across 242 companies, Amit Shah and Sonal Shah’s investments exhibit a diversified approach, with no discernible pattern. This strategy aims to mitigate risk and capitalize on opportunities across various sectors.
Focus on Banking and FMCG Sectors
While their investments span a wide array of sectors, a closer examination reveals a particular interest in banking and Fast-Moving Consumer Goods (FMCG) companies. Notable investments include substantial stakes in Canara Bank and Karur Vysya Bank Limited, accounting for nearly 13% of their total stock market allocation.
Significant Holdings in FMCG Giants
The couple has also shown significant interest in major FMCG companies, with substantial investments in Procter & Gamble Hygiene and Health Care Limited, Hindustan Unilever Limited, and Colgate-Palmolive (India) Limited. These investments collectively contribute to about 12% of their stock holdings.
Other Notable Investments
Among their diverse portfolio, other significant investments exceeding INR 1 crore each include holdings in Gujarat Fluorochemicals Limited, Lakshmi Machine Works Limited, MRF Limited, Bharti Airtel Limited, and Sun Pharmaceutical Industries Limited.
Overall Asset Growth
From 2019 to 2024, Amit Shah and Sonal Shah’s total assets, including movable and immovable properties, witnessed a remarkable 63% increase, soaring from INR 40.3 crores to INR 65.7 crores. This growth underscores their adept financial management and astute investment decisions.
As their stock portfolio continues to flourish, Amit Shah and Sonal Shah’s investment journey serves as a testament to the potential for significant wealth creation through prudent investment practices and diversified asset allocation. With a strategic focus on sectors poised for growth, the couple’s investment strategy reflects a blend of foresight, research, and calculated risk-taking in navigating the dynamic landscape of the stock market.
