Ace investors take a hit on portfolios in March quarter

Some of India’s best-known individual investors saw sharp cuts in portfolio values in January-March amid the sharp broad market decline in March.

Hemendra Kothari and Mukul Agrawal emerged as the worst hit among the prominent investors tracked, with the value of their holdings dropping over 25% during the quarter.

Madhusudan Kela’s portfolio declined 21%, according to a study, based on data from primeinfobase.com. Holdings where investors owned more than 1% equity in listed companies have been considered.

The portfolios of the late Rakesh Jhunjhunwala’s family and Anil Kumar Goel’s were the least impacted in this period.

Agencies

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