Skip to main content

Do you Know What Political Leaders Invest in?

This is What Political Leaders Invest in?

While equities and mutual funds are also common assets in the portfolios of many political figures contesting the 2019 Lok Sabha elections, fixed deposits and tax-free bonds appear to be among their preferred financial investments. A few even own shares of long-gone companies like Kingfisher Airlines.

Reliance Industries Ltd (RIL), headed by Mukesh Ambani, is the most valuable company in the country with a market capitalization of over Rs 8.82 lakh crore. Several leaders own shares of RIL, and their election affidavits reveal that stocks and mutual fund units of Reliance Group, Anil Ambani's younger brother, are also frequently seen.

Some of the most powerful people, including as Prime Minister Narendra Modi, have no exposure to the stock market or mutual funds at all, and the only financial assets they have are bank deposits, tax-free bonds, insurance policies, and products like National Savings Certificates.

A select few can only make direct stock investments in unlisted businesses, including ones that are family businesses.

Bharatiya Janata Party (BJP) leader Amit Shah, has made public a lengthy list of listed and unlisted shares that are owned by both him and his spouse. Several PSUs, as well as businesses from the Aditya Birla Group, Bajaj, L&T, Tata, and both Reliance groups, are among the listed shares in his name, which are worth over Rs 17.5 crore.

Rahul Gandhi, the leader of the Congress, has declared his assets in many mutual funds and his stock ownership in Young Indian. His mother Sonia Gandhi, a prominent party official, has mutual fund units from HDFC, Kotak, Motilal Oswal, and Reliance MF in addition to equity shares of Young Indian and Maruti Technical Services Pvt Ltd.

Supriya Sule, the daughter of seasoned politician Sharad Pawar of the Nationalist Congress Party (NCP), owns mutual funds in addition to unlisted and listed shares valued at around Rs 1 crore and Rs 6 crore, respectively.

Shares of the Adani Group, the two Reliance groups, several Tata companies, and even Kingfisher Airlines are among the listed companies. Other businesses from the former UB Group include United Spirits, which was sold to the world's largest liquor company, Diageo Plc, by businessman Vijay Mallya, who defaulted on his debt.

Even though Kingfisher shares formerly traded for more over Rs 300 each, they have long since been removed from the stock markets. The stocks finally fell below Re 1, and trading was halted at the end of 2014 as a result of the former luxury airline closing due to growing issues.

Nitin Gadkari, a Nagpur-born union minister and BJP contender, has equity shares in Purti Power and Sugar Ltd., among other companies.

The BJP candidate for Mumbai North Central, Poonam Mahajan, has revealed that her spouse has stated ownership holdings in Reliance Industries, TCS, Vodafone Idea Cellular, and Reliance Power in addition to Kingfisher Airlines.

Priya Dutt, her Congress opponent, has revealed a number of mutual fund and portfolio schemes worth around Rs 14.92 crore. Reliance Industries, Reliance Infra, and Reliance Power are among the listed shares that are reported under her spouse's name.

Milind Murli Deora, a candidate for Congress from Mumbai South, has revealed holdings in mutual funds, structured market products, bonds, PMS accounts, and fixed maturity plans (FMPs).

Urmila Matondkar, a former actress who is running for Congress from Mumbai North, has revealed that she has invested Rs. 28.28 crore in shares, bonds, and mutual funds, as well as around Rs. 6 crore in PMS (portfolio management service) assets. However, she has not divulged the specific stocks or units that she owns.

Another former actress, Jaya Prada, is running for the BJP in Rampur, Uttar Pradesh. She has also declared her investments in a number of listed companies, including Reliance Industries, HDFC Bank, Coal India, ITC, MCX, and Energy Development Company Ltd, which is promoted by Amar Singh, her political mentor.

The Congress candidate from Fatehpur Sikri, actor-politician Raj Babbar, owns stock in IL&FS Transportation Networks Ltd.

Union minister and BJP leader Satya Pal Singh has declared investments of Rs 1.5 lakh in bonds and mutual funds under his name, as well as certain equity shares held by his spouse in Reliance Capital and Reliance Industries, among other Uttar Pradesh candidates.

In addition, the spouse of V K Singh, a union minister and Ghaziabad BJP candidate, has made investments in a number of mutual funds.

Recent Posts

Popular posts from this blog

Nagarhole National Park Safari Booking Online

Nagarhole National Park Safari Booking Online There is good news for all wildlife enthusiasts and tourists who were appealing to the forest department to introduce online ticket booking system for safari in the Nagarahole national park. All wildlife enthusiasts and tourists wishing and requesting the forest department to begin online ticket booking system for safari in the Nagarahole national park would be happy to know that Nagarhole safari booking online is now active and fully operational. Nagarhole Safari Ticket Booking has been started to bring in more transparency as well as facilitating tourists to plan and book tickets for their safari in advance. It was a demand from the people at large, mostly from Bengaluru, Karnataka and neighbouring states like Kerala and Tamil Nadu who quite often visit the Nagarhole national park to start the online ticket booking system. Nagarhole National Park  Nagarahole (or Nagarhole) name is derived from a windy river named Nagara Ho

JKPDD Bill Sahuliyat Payment, Jammu and Kashmir Electricity Bill Payment

JKPDD Bill Sahuliyat Payment, Jammu and Kashmir Electricity Bill Payment How to Pay JKPDD Electricity Bill Otnline in Jammu and Kashmir? Power Development Department (PDD) is one of the Department of Jammu & Kashmir State Government which takes care for all functions related to transmission and distribution of electric power in the state. The generation sector is looked after by J&K State Power Development Corporation (JKSPDC), which was carved out of PDD in the year 1995. Jammu and Kashmir State comprises of three geographically and climatically distinct regions viz; Arctic cold desert areas of Ladakh, temperate Kashmir Valley and subtropical region of Jammu. Pay Electricity Bill Using JKPDD Website Visit the official website of JKPDD here - Under Customer Services at the left of the screen, hover your mouse on Bill Payment link and click Make Payment. This url opens - You can quickly pay electricity bill online Jammu

IGL Bill Payment Online, IGL Bill Pay Online

How to Pay IGL Bill Online, How to Pay Indraprastha Gas Bill Online Steps for IGL Payment Online for Customers not registered with IGL Visit the IGL Online Official Website - On the right of the screen, Under Customer Zone->PNG User->Click on Insta Payment A new window opens where you can Pay IGL Bill Online/Security Deposit Enter your BP Number and click Get Details Your First Name, Last Name, CA Number, Amount Before Due Date, Due Date, Amount After Due Date and Amount to be paid is displayed Click on Pay button Indraprastha Gas Ltd Payment Amount would be displayed. Pay IGL Bill Online by Credit Card, Debit Card, Debit Card + ATM PIN, Internet Banking, Wallet/ Cash Cards, MasterPass, BharatQR. That's it. You have just completed the steps for IGL Bill Payment Online . Register as IGL Customer Visit the IGL Online Official Website - On the right of the screen, U