Introduction
Rakesh Jhunjhunwala was born on 5 July 1960, is an Indian billionaire business magnate, stock trader, and investor. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises.
He has an estimated net worth of $5.8 billion (as of December 2021) making him the 48th richest man in India.
Jhunjhunwala’s interest in stock markets arose when he observed his father discussing the markets with his friends. While his father guided him on the markets, he never gave him money to invest and forbade him from asking friends for money. With his savings at hand Rakesh started investing early when in college. Beginning with Rs 5,000 capital in 1985, today his investment has grown to 11,000 crores.
He died on 14 August 2022 at Breach Candy Hospital Trust, Mumbai.
Portfolio
|
Overall Portfolio
|
30065.31976
|
801754219.00
|
0.00
|
0.00
|
100
|
|
9725.33804
|
45250968.00
|
0.00
|
0.00
|
32.35
|
||
|
6685.52742
|
100753936.00
|
0.00
|
0.00
|
22.24
|
||
|
2056.15130
|
39153600.00
|
0.00
|
0.00
|
6.84
|
||
|
1686.18000
|
39250000.00
|
0.00
|
0.00
|
5.61
|
||
|
1040.83200
|
6400000.00
|
0.00
|
0.00
|
3.46
|
||
|
1434.78000
|
4000000.00
|
0.00
|
0.00
|
4.77
|
||
|
749.86650
|
31950000.00
|
0.00
|
0.00
|
2.49
|
||
|
537.95000
|
72500000.00
|
0.00
|
0.00
|
1.79
|
||
|
383.95183
|
3294310.00
|
0.00
|
0.00
|
1.28
|
||
|
658.01598
|
75721056.00
|
0.00
|
0.00
|
2.19
|
||
|
576.27401
|
29097400.00
|
0.00
|
0.00
|
1.92
|
||
|
405.45930
|
10020000.00
|
0.00
|
0.00
|
1.35
|
||
|
478.61624
|
78333264.00
|
0.00
|
0.00
|
1.59
|
||
|
380.79435
|
19068320.00
|
0.00
|
0.00
|
1.27
|
||
|
352.57520
|
7520000.00
|
0.00
|
0.00
|
1.17
|
||
|
432.20000
|
20000000.00
|
0.00
|
0.00
|
1.44
|
||
|
562.85005
|
25010000.00
|
0.00
|
0.00
|
1.87
|
||
|
301.18665
|
3075687.00
|
0.00
|
0.00
|
1.00
|
||
|
222.18994
|
9668840.00
|
0.00
|
0.00
|
0.74
|
||
|
232.37500
|
25000000.00
|
0.00
|
0.00
|
0.77
|
||
|
168.79460
|
2003259.00
|
0.00
|
0.00
|
0.56
|
||
|
162.28566
|
35983516.00
|
0.00
|
0.00
|
0.54
|
||
|
98.37500
|
25000000.00
|
0.00
|
0.00
|
0.33
|
||
|
117.55000
|
5000000.00
|
0.00
|
0.00
|
0.39
|
||
|
90.27769
|
18037500.00
|
0.00
|
0.00
|
0.30
|
||
|
80.84312
|
15125000.00
|
0.00
|
0.00
|
0.27
|
||
|
58.65000
|
5000000.00
|
0.00
|
0.00
|
0.20
|
||
|
66.95013
|
2500005.00
|
0.00
|
0.00
|
0.22
|
||
|
56.67500
|
5000000.00
|
0.00
|
0.00
|
0.19
|
||
|
36.75000
|
5000000.00
|
0.00
|
0.00
|
0.12
|
||
|
52.35000
|
10000000.00
|
0.00
|
0.00
|
0.17
|
||
|
29.70000
|
2500000.00
|
0.00
|
0.00
|
0.10
|
||
|
40.54500
|
4500000.00
|
0.00
|
0.00
|
0.13
|
||
|
18.07575
|
4695000.00
|
0.00
|
0.00
|
0.06
|
||
|
31.92500
|
5000000.00
|
0.00
|
0.00
|
0.11
|
||
|
12.90660
|
1997925.00
|
0.00
|
0.00
|
0.04
|
||
|
14.68750
|
2500000.00
|
0.00
|
0.00
|
0.05
|
||
|
7.32375
|
3150000.00
|
0.00
|
0.00
|
0.02
|
||
|
10.23596
|
1751233.00
|
0.00
|
0.00
|
0.03
|
||
|
5.09531
|
312500.00
|
0.00
|
0.00
|
0.02
|
||
|
2.20987
|
1630900.00
|
0.00
|
0.00
|
0.01
|
Bull Run
Long-time observers of Jhunjhunwala, also known as ‘Big Bull’ in India, wouldn’t be surprised by his forecasts. Rich valuations and rising concern that the Fed may soon begin winding down its stimulus have done nothing to shake the confidence of the investor, who has in the past said his strategy of picking stocks early in a growth cycle is inspired by U.S. billionaire George Soros and Hong Kong investor Marc Faber.
New money will only fuel further gains in key indexes, Jhunjhunwala said, with a large photo of the BSE Ltd., Asia’s oldest bourse, visible in the background. The Reserve Bank of India sees the region’s third-largest economy expanding 9.5% in the year that began April 1. A custom index of the billionaire investor’s top 20 stock holdings as of end-March has rallied about 85% over the past year, according to exchange data on shareholdings compiled by Bloomberg. That’s versus a 50% jump in the Nifty 50 gauge during this period.
Belief
“I have complete faith in markets,” Jhunjhunwala said. “All my money is put into equities. I haven’t invested anywhere other than the equity markets.”
His bets range from banks and health insurance – which he says will be boosted by the pandemic – to a broad consumer rally on the back of Prime Minister Narendra Modi’s policies to give every Indian a home and access to clean water.
