Though the stock market and mutual funds are considered volatile ventures, a strategic investment approach can remarkably elevate an investor's financial status. Numerous instances underscore this, including the case of BJP parliamentarian and Lok Sabha candidate, Tejasvi Surya. His net worth saw an astronomical leap from a modest ₹13 lakh to over ₹4 crores in just five years, a growth he attributes to his investment acumen in stocks and mutual funds.
Net Worth Skyrockets by Nearly ₹4 Crores in Three Years
Representing Bengaluru South, as a Member of Parliament and a formidable candidate for the 2024 Lok Sabha elections, Tejasvi Surya recently made his wealth declaration to the Election Commission. According to the details provided in his electoral affidavit, his total assets amount to ₹4.10 crores. This signifies a staggering increment of approximately ₹3.97 crores compared to his declared net worth of ₹13.46 lakhs back in 2019.
Investment of Millions in Shares and Mutual Funds
The affidavit submitted to the Election Commission not only reveals Tejasvi Surya's current net worth but also sheds light on his sources of income. The principal sources of his earnings have been the stock market and mutual funds, where he has invested ₹1.79 crores in stocks and ₹1.99 crores in mutual funds. Surya openly discusses the significant role these investments played in his wealth surge.
In an interview with a business channel, Tejasvi Surya disclosed his unique investment strategies. He asserts that systematic investment through Systematic Investment Plans (SIPs), mutual funds, and stocks can help reap substantial profits. The returns from such investments have benefited investors nationwide, and he proudly counts himself among those who have profited handsomely.
Advocating 'Multi-For Modi' as an Investment Strategy
During the conversation, Surya attributed the rapid growth of the Indian economy and its fast-paced development rate under the leadership of PM Narendra Modi as the driving force behind his returns. He advocates for investing in 'Multi-For Modi,' highlighting it as a lucrative strategy for those seeking investment advice.
Tejasvi Surya's Diverse Portfolio
The president of the BJYM and practising advocate at the Karnataka High Court boasts a diverse portfolio. According to his electoral affidavit, his mutual fund investments span across 26 different funds, including the likes of Canara Robeco Multicap Fund, HDFC Multicap Fund, Kotak Small Cap Fund, and ICICI Prudential Small Cap Fund. His equity portfolio includes shares from companies such as Indus Towers, Eveready Industries India, BSE Limited, and Strides Pharma.
