In a recent affidavit submitted to the Election Commission, it was disclosed that Home Minister Amit Shah and his wife Sonal Shah’s investments in the stock market have seen a substantial increase of 71% over the past five years, culminating at INR 37.4 crores by April 15, 2024. This figure represents 57% of their total assets, with the remainder being invested in savings accounts, mutual funds, gold, and National Savings Schemes.
Diversified Investment Portfolio
The couple’s investments are spread across 242 companies, displaying no clear pattern, which suggests a diversified investment strategy. Remarkably, only ten of these companies have seen investments exceeding INR 1 crore each, accounting for 43% of their total listed company investments.
Focused Interest in Banking and FMCG Stocks
A closer look reveals a keen interest in the banking and Fast-Moving Consumer Goods (FMCG) sectors. Investments in Canara Bank and Karur Vysya Bank Limited alone make up nearly 13% of their total stock market allocation. Additionally, smaller investments have been made in Bandhan Bank, State Bank of India, and its subsidiaries.
Significant Investments in Major FMCG Companies
Among the FMCG sector, substantial investments include INR 1.9 crores in Procter & Gamble Hygiene and Health Care Limited, INR 1.35 crores in Hindustan Unilever Limited, and INR 1.07 crores in Colgate-Palmolive (India) Limited. These investments alone contribute to about 12% of their stock holdings.
Other Notable Investments
Other significant investments over INR 1 crore include Gujarat Fluorochemicals Limited, Lakshmi Machine Works Limited, MRF Limited, Bharti Airtel Limited, and Sun Pharmaceutical Industries Limited.
Overall Growth in Assets
From 2019 to 2024, Amit Shah and Sonal Shah’s total assets, including movable and immovable properties, grew from INR 40.3 crores to INR 65.7 crores, marking a 63% increase. Notably, their movable assets increased by 82%, while their real estate assets saw a 36% rise in value over the same period.
| Description | Details |
|---|---|
| Total Investment Growth (2019-2024) | 71% increase |
| Total Asset Value (2024) | INR 37.4 crores |
| Percentage of Total Assets in Stocks | 57% |
| Investment Spread | 242 companies |
| Top Investments | Only 10 companies with investments over INR 1 crore each |
| Percentage of Investments in Top 10 Companies | 43% of total stock investments |
| Key Sectors | Banking and FMCG |
| Major Banking Investments | Canara Bank (INR 2.96 crores), Karur Vysya Bank Limited (INR 1.89 crores) |
| Major FMCG Investments | Procter & Gamble (INR 1.9 crores), Hindustan Unilever (INR 1.35 crores), Colgate-Palmolive (INR 1.07 crores) |
| Total Asset Growth (2019-2024) | 63% increase |
| Growth in Movable Assets | 82% increase |
| Growth in Immovable Assets | 36% increase |