September 16, 2025
Amit Shah Portfolio
Amit Shah, the head honcho of the BJP, is not only a seasoned politician but is also an accomplished stock picker. He has packed his portfolio with fail-safe and blue-chip multibagger stocks
Amit Shah, the head honcho of the BJP, is not only a seasoned politician but is also an accomplished stock picker. He has packed his portfolio with fail-safe and blue-chip multibagger stocks




Staunch believer in merits of diversified portfolio

A careful study of Amit Shah’s affidavit as filed with the Election Commission reveals several interesting aspects.

The first is that the wily politician is a staunch believer in the merits of a diversified portfolio.

According to data meticulously collated by the sleuths of Bloomberg, Amit Shah’s portfolio is worth about Rs. 18 crore as at the end of March 2019.

The portfolio is widely diversified and with proper allocation towards various sectors.

BJP President Amit Shah’s Stock Picks

FMCG stocks

The FMCG sector commands the lion’s share of the portfolio with an allocation of 20%.

The stocks which have pride of place include blue-chip MNC names like HUL, P&G, Colgate, ITC and Kansai Nerolac.

Top 5 FMCG stock holdings No. of shares Holding value (Rs)
HUL 5,000 8,390,250
P&G 600 6,279,030
P&G 598 6,258,100
Colgate 4,000 5,055,000
ITC 15,000 4,473,000
Kansai Nerolac 10,000 4,450,000

Auto Stocks

Amit Shah is also a believer in the prospects for auto stocks.

He has allocated 13% of the portfolio to the auto sector.

The stocks are fail-safe such as Maruti, Bajaj Auto, M&M, MRF, Bharat Forge, Rane Engine, Castrol etc.

Top 5 auto & auto ancilliary holdings No. of shares Holding value (Rs)
Rane Engine 20,000 9,050,000
Maruti 1,000 6,552,700
MRF 100 5,654,775
Bajaj Auto 980 2,890,755
M&M 4,000 2,715,200

IT Stocks

Nobody can afford not to have blue-chip Infotech stocks in his or her portfolio given their dominance across the Globe.

Accordingly, Amit Shah has allocated 6% of his portfolio to the IT sector and cherry-picked blue-chip names like Infosys, TCS, Tech Mahindra etc.

Other key Nifty 50, large-cap holdings No. of shares Holding value (Rs)
TCS 5,290 10,609,889
UltraTech Cement 2,471 9,710,412
Tata Steel 5,933 3,075,667
Grasim 2,735 2,242,974
Infosys 2,970 2,207,007
UltraTech Cement 500 1,964,875
Tata Steel 88 518,918
Total 30,329,742

NBFC and Bank stocks

NBFC and Bank stocks have to form the bulwark of any sensible portfolio and so it is with Amit Shah.

He has reposed his faith in trusted names like L&T Finance Holdings, SBI, Canara Bank, Max Financial etc.

Mukesh Ambani & Gujarat stocks

No stock picker worth his salt can stay away from investing in Billionaire Mukesh Ambani’s Reliance Industries owing to its highly diversified businesses.

The behemoth is a powerhouse which has richly rewarded investors over generations.

Amit Shah holds a big chunk of Reliance Industries and TV18 Broadcast.

He has also reposed confidence in several high-quality companies based in Gujarat, his native place.

Mukesh Ambani Group Firms No. of shares Holding value (Rs)
Reliance Industries 15,572 20,893,731
TV18 Broadcast 70,000 2,422,000
Total 23,315,731
Gujarat-based companies No. of shares Holding value
Gujarat Fluoro 5,000 5,329,500
SPARC 17,500 3,350,375
Torrent Power 10,792 2,752,500
Cadila Health 5,000 1,664,250





Compulsive buyer of random & “chor” stocks?

However, despite his savviness in the field of stock picking, Amit Shah appears to be inflicted by the same syndrome which afflicts novice stock pickers, namely, that of compulsively buying random stocks.

There are several unknown stocks in his portfolio such as Anil Bioplus, Agro Dutch Industries, Jhagadia copper, Bihar Sponge, Rishabh Digha, Dhanus Technold, Balaji Galwe etc.

Some of these may even be “chor” stocks.

Amit Shah may have piled onto them in the last Bull run in anticipation that they will deliver multibagger gains.

Hopefully, he will have a chance in the next Bull run to dump these junkyard stocks and recover some of his capital.

Why no investments in Gautam Adani’s stocks?

One aspect which is baffling is that Amit Shah does not hold any stocks in Billionaire Gautam Adani’s companies such as Adani Enterprises, Adani Transmission etc.

This is surprising because NAMO, Amit Shah and Gautam Adani are supposed to be childhood buddies.

Presumably, Amit Shah has avoided these companies so as not to mix business with pleasure and to stay away from needless controversy which may be stoked by his political rivals.

Rahul Gandhi trusts only mutual funds

In sharp contrast to the stock picking prowess of Amit Shah, Rahul Gandhi has played it safe and entrusted his money to mutual funds.

He has investments in the following ten mutual funds:

Scheme Value (Rs)
Aditya Birla Sunlife 74.90
DSP Small Cap 23.42
Franklin India Equity 73.74
IDFC Multicap 34.63
L&T Equity 46.82
Motilal Oswal Multicap 32.05
Aditya Birla Sunlife 62.38
Franklin Debt Hybrid 50.97
ICICI Pru Regular 67.75
  519.44

We can see that Rahul Gandhi has also preferred to adopt a diversified portfolio with investments in several random mutual funds.

He appears to have a preference for ‘Multicap’ funds, which is a sensible choice.

He has also invested in a “Debt Hybrid” fund, whatever that means.










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