Dolly Khanna’s Portfolio


Khanna has been investing in the domestic stock market since 1996 and her portfolio is entirely managed by her husband Rajiv Khanna. Rajiv Khanna is widely considered the brain behind Dolly Khanna’s holdings in the equity market. Dolly Khanna, the avatar of Rajiv Khanna, a famous investor based in Chennai.

Dolly and Rajiv Khanna own Kwality Milk Foods, which sold its ice-cream business to Hindustan Unilever in 1995.

With the money he got after selling the ice cream business, Rajiv Khanna, 67, started investing in the market in 1996-97 for the first time.


The below Table shows some of the holdings of Dolly Khanna:

 Company                                      %holding               Shares                   in crores

Rain Industries                                     2.81                 94.44                         198

NOCIL                                                1.98                32.76                          79

Nilkamal                                               1.80                2.69                           62

Selan Exploration Technology                 1.48                 2.43                            3

IFB Agro Industries                               1.35                 1.27                            8

Radico Khaitan                                     1.20                 16.02                        173

Muthoot Capital Services                       1.19                 1.96                            7

NR Agarwal Industries                           1.18                2.02                             5

Sterling Tools                                        1.14                4.12                              8

Tata Metaliks                                         1.13               2.85                             25

Srikalahasthi Pipes                                1.09                5.09                             10

Manappuram Finance                             1.07               90.10                            155

Associated Alcohol and Breweries            0.00               1.87                              10

Her portfolio is managed by her husband Rajiv Khanna. Dolly Khanna’s portfolio typically leans towards more traditional stocks in manufacturing, textile, chemicals and sugar stocks.

In 2014, she picked Nilkamal, one of India’s top manufactures of home and office furniture. Over the past three years, the stock has galloped nearly 900 per cent, which means an investment of Rs 1,00,000 in the stock back then would have become nearly Rs 10 lakh in three years.
Besides Nilkamal, Trident and Manappuram Finance are two notable companies in which Dolly Khanna held 1.03 per cent and 1.13 per cent stakes as of December 31, 2016.