RAKESH JHUNJHUNWALA'S PORTFOLIO
I am an ardent admirer of Rakesh Jhunjhunwala for his acumen and smart investment startegies over last 2 decades. He made a fortune for himself by investing in Indian Stock Market. This was at a time when investing in stock markets was still considered akin to gambling. But, as he proved , investing in stock markets require a strategy, deep understanding of the business fundamentals of the company you are investing in and loads of patiences. So , thought of checking on what Mr. Jhunjhunwala is doing today . How is he investing his money in these times and how does his portfolio lok like. Over the past five quarters between January 2008 and March 2009, 48-year-old Rakesh Jhunjhunwala’s portfolio of publicly traded stocks, of firms in which he owns at least a 1% stake, has underperformed the benchmark index. His portfolio has dropped at least 60% in value, according to data from exchanges, while the Bombay Stock Exchange’s (BSE’s) benchmark equity index Sensex dropped around 52% over the...