Experts: Rahul Gandhi’s Asset Portfolio Needs Political Facelift
Rahul Gandhi, the former Congress President and incumbent Member of Parliament (MP), recently disclosed his total assets amounting to ₹20 crore as he filed his nomination papers from Wayanad in Kerala. This sum includes ₹9.24 crore in movable assets, ranging from cash and bank deposits to bonds, shares, mutual funds, and precious metals like gold and jewelry. Financial experts have weighed in on the composition of his portfolio, offering insights into its strengths and areas for potential improvement.
Decent Portfolio with Room for Enhancement
Financial advisor Deepesh Raghaw sees Rahul Gandhi’s portfolio as decent but points out that the allocation to small-cap investments is relatively high. Raghaw suggests a more balanced approach, advocating for a 30-35% allocation to fixed-income assets to mitigate risk. He emphasizes the importance of diversification across asset classes, including equity, debt, and gold. While Gandhi’s mutual fund holdings are substantial at ₹3.81 crore, Raghaw notes that the allocation to stocks and bonds is even higher, standing at ₹4.33 crore.
Is Gandhi a Conservative Investor?
Amol Joshi, founder of Plan Rupee Investment Service, characterizes Gandhi’s portfolio as conservative, with a significant portion invested in property and a smaller percentage allocated to riskier assets. However, Joshi refrains from offering specific recommendations without knowledge of Gandhi’s risk tolerance and financial objectives. Nonetheless, he suggests a strategy for reallocating a portion of Gandhi’s assets from regular savings debt funds to flexi cap funds during market downturns.
Balancing Real and Financial Assets
Sridharan S, Founder of Wealth Ladder Direct, observes that Gandhi’s portfolio leans heavily towards physical assets, with over 55% invested in real estate. He advocates for a more balanced approach, suggesting a higher allocation to financial assets and a lower proportion to real estate. Sridharan recommends an ideal asset allocation of 40% in equity, 20% in debt, 10% in gold, and 30% in real estate, with some flexibility for adjustments.
In essence, financial experts acknowledge the overall soundness of Rahul Gandhi’s asset portfolio but suggest adjustments to optimize risk management and potential returns. Diversification, balanced asset allocation, and periodic reassessment are key principles highlighted in their assessments.
