Rahul Gandhi’s Investment Portfolio: Stocks, Mutual Funds, and Assets Revealed in 2024 Affidavit
Congress leader and Member of Parliament Rahul Gandhi has maintained a diversified investment portfolio, with a significant portion allocated to equities and mutual funds. The most detailed public disclosure of his holdings comes from his election affidavit filed in April 2024 for the Wayanad Lok Sabha constituency. As of March 15, 2024, Gandhi declared total assets exceeding ₹20 crore, including movable assets of approximately ₹9.25 crore, of which nearly 90% (around ₹8.17 crore) was invested in stocks and mutual funds.
This marked a notable evolution from his 2014 declarations, when he had minimal or no exposure to listed equities and equity mutual funds. By 2024, his equity-related investments had grown substantially, reflecting broader market participation and diversification across sectors.
Direct Stock Holdings: Approximately ₹4.33 Crore
Gandhi held shares in 25 listed companies, plus a small stake in Young Indian Pvt Ltd (1,900 shares valued at around ₹1.9 lakh). His equity portfolio spans blue-chip large-cap stocks, mid-caps, and select small-caps, covering sectors such as FMCG, IT, banking and finance, chemicals, pharmaceuticals, consumer goods, and industrials.
Top holdings by approximate value (as of March 15, 2024):
- Pidilite Industries: 1,474 shares (~₹42.27 lakh) — his largest single stock position.
- Bajaj Finance: 551 shares (~₹35.89 lakh).
- Nestle India: ~1,370 shares (~₹35.67 lakh).
- Asian Paints: ~₹35.29 lakh.
- Titan Company: ~₹32.59 lakh.
- Hindustan Unilever (HUL): ~₹27.02 lakh.
- ICICI Bank: 2,299 shares (~₹24.83 lakh).
Other notable holdings include ITC (3,093 shares, ~₹12.96 lakh), Divi’s Laboratories, Suprajit Industries (highest quantity at 4,068 shares), Garware Technical Fibres, GMM Pfaudler, Infosys, TCS, LTIMindtree, Deepak Nitrite, Tube Investments of India, Alkyl Amines Chemicals, Dr. Lal Pathlabs, Fine Organic Industries, Info Edge (India), Mold-Tek Packaging, Vertoz Advertising, Vinyl Chemicals (India), and Britannia Industries NCD.
These investments demonstrate a preference for established companies with strong fundamentals in consumer-facing and technology-driven industries.
Mutual Fund Investments: Approximately ₹3.81 Crore
Gandhi’s mutual fund portfolio, spread across seven schemes, totals around ₹3.81 crore. It includes a mix of small-cap, mid-cap, hybrid/debt-oriented, and flexi-cap funds, primarily from fund houses like HDFC, ICICI Prudential, and PPFAS.
Key schemes include:
- HDFC Small Cap Fund (Regular and Direct Growth variants) — the largest allocation, with portions exceeding ₹1.23 crore in one and additional in another.
- ICICI Prudential Regular Savings Fund (or similar): ~₹1.02 crore.
- HDFC Hybrid Debt Fund (Growth): ~₹79 lakh.
- Other holdings: HDFC Mid-Cap Opportunities Fund (Direct Plan), ICICI Prudential Equity & Debt Fund (Growth), and PPFAS Flexi Cap Fund (Parag Parikh Flexi Cap Fund Direct Growth).
This allocation balances growth potential from equity-oriented funds with some stability from hybrid and debt options.
Other Investments and Assets
- Sovereign Gold Bonds: 220 units valued at ~₹15.22 lakh, providing a hedge against inflation.
- Bank balances: ~₹26.25 lakh across accounts.
- Cash in hand: ₹55,000.
- Additional savings instruments (such as PPF, insurance, and postal schemes): ~₹61.5 lakh.
- Jewellery: ~₹4.2 lakh.
- Immovable assets: Valued at over ₹11 crore (primarily agricultural land and other properties).
- Liabilities: Approximately ₹49.8 lakh.
Gandhi reported no ownership of motor vehicles or residential apartments in the affidavit.
Income Sources and Broader Context
His declared income for FY 2022-23 stood at around ₹1.02 crore, derived from MP salary, royalties, rental income, interest, dividends, and capital gains. The growth in his portfolio from near-zero listed equity exposure in 2014 to a substantial stake by 2024 highlights increased market engagement during a period of strong Indian economic and stock market performance.
These details are based on self-declared information in a public election affidavit, intended for transparency under Indian electoral norms. Investment values fluctuate with market movements, and no comprehensive newer public disclosures (such as from subsequent elections or ITRs) have updated these specifics as of mid-2026. For the latest official figures, one should refer to any future affidavits or filings with the Election Commission of India.
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