Over the past ten years, Rahul Gandhi, the Congress leader, has made major increases to his exposure to the Indian equities market. His mutual funds and shares are valued at Rs 3.81 crore and Rs 4.33 crore, respectively.
According to the most recent affidavit Gandhi submitted before of the Lok Sabha elections, the entire valuation of the stocks and mutual funds combined, valued at Rs 8.14 crore, is valid till March 15, 2024.
Gandhi, on the other hand, appeared to have made cautious investments in 2019. He did not have any direct stock market assets, although he did own mutual funds worth Rs 5.19 crore.
Furthermore, if one were to travel further back in time, Rahul Gandhi had less than Rs 1 crore in mutual funds when the Congress fell to the BJP in the 2014 general elections, failing to hold onto power.
The mutual funds he owned at the time had a net asset value of Rs 81.28 lakh. Nor did he own any direct stock market stakes.
A list of the stocks Gandhi owns is included in his most recent affidavit. Based on market value, Pidlite Industries, Bajaj Finance, Nestle India, Asian Paints, and Titan are the top five stocks that he owns. Pidlite Industries is the largest stock in his portfolio, valued at Rs 42.27 lakh.
The two funds have a combined net asset value of Rs 81.28 lakh. It’s interesting to note that the Franklin India Low Duration Fund, one of the six debt schemes Franklin Templeton shut up in April 2020 amid extreme market illiquidity due to the Covid-19’s economic impact, is the same fund as the ‘Templeton India Low Duration Monthly Dividend Rein. Fund’.
Gandhi left this fund more than a year before it closed, choosing instead to invest in Franklin India Debt Hyb and Franklin India Equity-G, two other Franklin Templeton funds.
Gandhi expanded his assets to ten distinct mutual funds by the year 2019. His largest holding was Franklin India Equity-G, valued at Rs 73.77 lakh, followed by 33,037 Aditya Birla Sunlife units, valued at Rs 74.90 lakh. He also held holdings in Motilal Oswal Multicap and ICICI Prudential Regular L&T Equity-G.
Beyond equity, Gandhi’s Gurugram commercial property’s market value grew by a pitiful 3.31% during the previous five years, from Rs 8.75 crore in 2019 to Rs 9.04 crore in 2024. The property was bought by him for a sum of Rs 7.93 crore. In FY21, he invested in 220 Sovereign Gold Bond units, which are currently valued at Rs 15.21 lakh.
As of March 15, 2024, his holdings of 333.300 grams of gold jewellery valued at Rs 2.87 lakh were worth Rs 4.20 lakh. Gandhi and his sister Priyanka Gandhi Vadra jointly hold land in Mehrauli, New Delhi, valued at Rs 2.10 crore.
Gandhi’s annual income decreased by 8% from Rs 1.11 crore in FY18, the year before the previous general elections, to Rs 1.02 crore in FY23. Up until FY22, when he revealed Rs 1.31 crore in yearly income tax returns, his yearly income had been rising steadily.
