Wealthy individual investors have faced significant portfolio declines since their peak, with values dropping between 10 to 32 percent from the September quarter to date due to the market correction in India.
According to data from Primeinfobase.com, the portfolios of Sachin Bansal, Vijay Kedia, and Hitesh Doshi have declined by 30 to 32 percent, reflecting the broader market downturn. India’s benchmark indices, Sensex and Nifty, have each fallen over 12 percent since the end of September, while the BSE MidCap and SmallCap indices have plunged over 20 percent.
Several other prominent investors have also witnessed substantial losses. Hemendra Kothari's portfolio has declined by 29 percent, while D-Mart founder Radhakishan Damani’s portfolio has dropped by 28 percent, driven by a decline in Avenue Supermart's stock price. Vishwas Patel's holdings are down 27 percent, while Anil Goel and Anuj Sheth have seen a decline of 24 percent each. Rajesh Kumar and Bhavook Tripathi have both experienced a 23 percent drop in their portfolios.
Meanwhile, a few investors have defied the weak market trend. Ace investor Manish Jain has seen his portfolio rise by around 33 percent since the September quarter, largely due to his IPO listing of Enviro Infra Engineers in November in which Jain currently holds a stake of about Rs 1,116 crore. However, several of his other holdings, including Linde India, Career Point, Magnum Ventures, and Gandhi Special Tubes, have declined by 25 to 35 percent since the end of September's peak.
The Jhunjhunwala family and Sanjiv Shah have also bucked the trend, with their portfolios rising by 7 percent and 6 percent, respectively. The Jhunjhunwala family’s portfolio benefited from the listing of the Inventurus Knowledge Solutions IPO, in which it holds a stake worth over Rs 14,000 crore. However, its other holdings, including Titan, Star Health & Allied, Metro Brands, Tata Motors, and Fortis Healthcare, have seen sharp declines.
Highlights:
1) Mukul Agrawal's portfolio has risen by 4 percent since its June peak, mainly driven by a surge in BSE Ltd stock, which has increased by over 100 percent since June, though other holdings such as Nuleand Lab, Radico Khaitan, Nuvama Wealth, Dishman Carbogen, PTC Industries, and Raymond Lifestyle have seen significant declines.
2) Anuj Sheth's portfolio has increased by 12 percent since the June quarter peak, driven by his addition of Asahi India Glass shares valued at around Rs 602 crore, as well as gains in his stakes in Bannari Amman Sugars (12 percent increase) and Arihant Capital Markets (8 percent increase); however, some of his other holdings, including Finolex Industries, have seen a sharp correction of over 30 percent.
3) Tejas Trivedi's portfolio has increased by 2 percent since the June quarter peak, primarily driven by a nearly 15 percent rise in Astrazeneca Pharma India since the end of June, with Trivedi holding shares worth around Rs 902 crore in the company.
4) Radhakishan Damani's portfolio has shown signs of recovery in early 2025, following declines of over 28 percent in the December quarter and 22 percent in the September quarter, with the improvement driven by a rise in Avenue Supermart stock, supported by improved earnings.
5) Ace investors Rajesh Kumar and Yusuffali Kader have experienced marginal portfolio erosion in single digits since the June quarter peak, with their holdings remaining relatively stable despite the broader market correction.
6) Bhavook Tripathi, who holds a concentrated position in R Systems International, has seen his portfolio shrink from Rs 1,600 crore at the June peak to around Rs 900 crore currently.
7) Hitesh Doshi saw his portfolio fall by over 56 percent since the peak of June end as the ace investor exited his holdings in EID Parry, Hindustan Oil Exploration and Kalyani Investment. Currently, he holds a stake in Aditya Birla Real Estate and Swelect Energy Systems.
8) Sachin Bansal saw his portfolio fall by nearly 50 percent from the June peak, partly due to exiting his stake in Venky's India. His remaining holdings in SML Isuzu, JK Lakshmi Cement and Liberty Shoes have all experienced corrections of over 30 percent each.
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