Mutual Fund 2024 – Shashi Tharoor Invested 1.72 Crore In Mutual Fund

Mutual Fund 2024

Shashi Tharoor, a stalwart in Indian politics and a renowned author, has recently disclosed details of his investment portfolio, offering a rare glimpse into his financial strategy and asset allocation. With assets valued at over Rs 55 crore and a total income exceeding Rs 4.32 crore for the financial year 2022-2023, Tharoor’s investment decisions underscore a blend of diversification, risk management, and a penchant for both domestic and international exposure. This essay delves into the intricacies of Shashi Tharoor’s investment portfolio, dissecting his holdings across various mutual funds and shedding light on the underlying rationale behind his investment choices.

Diversification Strategy

At the heart of Shashi Tharoor’s investment philosophy lies a robust diversification strategy aimed at spreading risk across a spectrum of assets and investment vehicles. As revealed in his affidavit, Tharoor’s investment portfolio is not confined to a single asset class but encompasses a myriad of instruments ranging from bonds and debentures to mutual funds. This diversification not only mitigates the inherent risks associated with any single asset class but also ensures a balanced exposure to different sectors and geographies, thereby enhancing the resilience of his investment portfolio against market volatilities.

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Mutual Fund Holdings

Tharoor’s investment portfolio boasts a judicious selection of mutual funds, with holdings spread across 23 schemes as of March 2024. Among the prominent mutual fund houses in which he has invested, Franklin Templeton Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Axis Mutual Fund, Mirae Asset Mutual Fund, SBI Mutual Fund, UTI Mutual Fund, Edelweiss Mutual Fund, Kotak Mutual Fund, and Quant Mutual Fund feature prominently.

Franklin Templeton Mutual Fund

Within Franklin Templeton Mutual Fund, Tharoor has strategically allocated his investments across five schemes, leveraging the fund’s diversified offerings to capture potential growth opportunities while managing risk effectively.

HDFC Mutual Fund

In HDFC Mutual Fund, Tharoor’s investment is spread across three schemes, with a significant allocation to HDFC Credit Risk Debt Fund, reflecting his confidence in the fund’s credit risk management capabilities amidst evolving market dynamics.

ICICI Prudential Mutual Fund

Tharoor’s holdings in ICICI Prudential Mutual Fund encompass a diverse range of schemes including ICICI Prudential Multicap Fund, ICICI Prudential Balanced Advantage Fund, and ICICI Pru Pharma Healthcare & Diagnostics (P.H.D) Fund. This strategic allocation underscores his belief in the long-term growth prospects of diverse sectors within the Indian economy.

Axis Mutual Fund

Tharoor’s investment in Axis ELSS Tax Saver Fund underscores his proactive approach towards tax planning and wealth accumulation, leveraging the benefits of equity-linked savings schemes to optimize tax efficiency while building wealth over the long term.

Mirae Asset Mutual Fund

Tharoor’s exposure to Mirae Asset Mutual Fund is marked by investments in both tax-saving and large & mid-cap equity funds, reflecting his inclination towards a balanced approach to wealth creation and tax optimization.

SBI Mutual Fund

Within SBI Mutual Fund, Tharoor holds positions in Balanced Advantage Fund and Multicap Fund, leveraging the fund’s diversified offerings to achieve a blend of capital appreciation and risk mitigation.

International Exposure

In addition to domestic mutual funds, Tharoor’s investment portfolio includes exposure to international markets through funds such as Edelweiss MSCI India Domestic & World Health Care 45 Index Fund and Edelweiss US Technology Equity FoF. This strategic allocation reflects his conviction in the growth potential of global healthcare and technology sectors, thereby diversifying his investment horizon beyond domestic boundaries.

Conclusion

In conclusion, Shashi Tharoor’s investment portfolio embodies a prudent blend of diversification, risk management, and strategic asset allocation. By strategically allocating his investments across a spectrum of mutual funds and leveraging both domestic and international opportunities, Tharoor demonstrates a keen understanding of market dynamics and a proactive approach towards wealth creation and preservation. As he continues to navigate the ever-evolving landscape of finance and investments, Tharoor’s portfolio serves as a testament to the importance of disciplined asset allocation and prudent risk management in achieving long-term financial objectives.