Today, two years ago, Indian stock market veteran investor Rakesh Jhunjhunwala (RJ) passed away after suffering a heart attack at the age of 62. His legacy lives on, and millions of people pay tribute to him. Jhunjhunwala turned an initial investment of just Rs 5,000 into billions of dollars. The investments made by Rakesh Jhunjhunwala are now managed by his wife Rekha Jhunjhunwala.
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Currently, the RJ family holds shares worth $6 billion or about Rs 50,563 crore. This figure was Rs 33,942.63 crore at the end of July-September 2022. His portfolio includes major companies like Titan Company, Star Health, Tata Motors, Concord Biotech, Metro Brands and NCC.
Four companies from Jhunjhunwala’s portfolio have given more than 100 percent returns after his death. For example, NCC gave a return of 393 percent, while Canara Bank gave a return of 131 percent. Titan Company gave a return of 37 percent, while Star Health has declined by 16.76 percent.
Rakesh Jhunjhunwala was known for his ‘Midas Touch’. He said that taking risks is an integral part of life. He made mistakes many times in his investments, but understood the importance of learning from them. He was famous for saying, “When it is dark, don’t forget that there is darkness before the dawn.”
His investment strategies are a source of inspiration for new investors even today. Jhunjhunwala’s life and his principles teach us how important it is to invest patiently and wisely.