India’s wealthiest investors: India’s wealthiest investors face portfolio losses amid market decline in March quarter

The value of their holdings declined between 5% and 31% from Q3, showed data from primeinfobase.com. Portfolio values were calculated based on UHNI holdings that exceeded 1% of the equity base in the respective companies.

Agencies

Rekha Jhunjhunwala, Mukul Agrawal, Nemish Shah, Ashish Kacholia and Vijay Kedia were among investors whose portfolios took the biggest hit. Those of Madhusudan Kela, Ashish Dhawan, Anil Goel and Akash Bhanshali were relatively insulated. Broadly, few investors made fresh purchases above 1% during the quarter.