Ace investor Rakesh Jhunjhunwala’s portfolio showed a double-digit decline in the three month ending September and this is the biggest fall in at least the past ten quarters, reported Business Standard.
According to the report, the value of his portfolio stood at Rs 123.33 billion at the end of June 2018. This, the report says, has been followed by a big decline that saw the value fall to Rs 106.33 billion by the end of the September quarter.
While the recent downturn experienced by the market may be linked to this fall, the portfolio has also seen a rise in the share of small caps, the report added. This may indicate that Jhunjhunwala may be weighing in on small caps in view of the downward trend in the market.
According to the report, ‘small caps account for 26 out of the 32 companies in his portfolio. Four companies fall in the mid cap space. Only two can be classified as large cap companies as per regulatory guidelines.’
Similarly the stress given to consumer stocks and healthcare sector too has increased with the former constituting 57 percent and latter ten percent, the report said. Besides this, another feature of the portfolio has been increased stake in stocks under a cloud- including Dewan, SpiceJet and Fortis, the report said.
First Published: IST