Rakesh Jhunjhunwala Portfolio in 2025
Rakesh Jhunjhunwala’s latest portfolio comprised 27 publicly listed companies as of March 2025, with a net worth of ₹54,524.63 cr. Managed by Rare Enterprises, this diversified holding spans consumer retail, financial services, healthcare, and industrials. The portfolio reflects systematic allocation and periodic rebalancing based on India’s macroeconomic trends and corporate performance. Rakesh Jhunjhunwala is India’s Warren Buffett, the “Big Bull” and Oracle of Dalal Street.
Rakesh Jhunjhunwala and Associates’ Portfolio 2025
Here is a list of 25 Rakesh Jhunjhunwala stocks in the portfolio on exchanges.
| Stock Name | Holding Value (in Cr) | June 2022 holdings in % | March 2022 holdings in % |
|---|---|---|---|
| Aptech Ltd | ₹461.0 | 43.80% | 43.80% |
| Star Health and Allied Insurance Company Ltd | ₹7,463.9 | 17.50% | 17.50% |
| Metro Brands Ltd | ₹3,202.0 | 14.40% | 14.40% |
| NCC Ltd | ₹578.9 | 12.60% | 12.60% |
| Nazara Technologies Ltd | ₹149.1 | 10.00% | 10.00% |
| Rallis India Ltd | ₹456.1 | 9.80% | 9.80% |
| Bilcare Ltd | ₹12.50 | 8.50% | 8.50% |
| Agro Tech Foods Ltd | ₹153.8 | 8.20% | 8.20% |
| Va Tech Wabag Ltd | ₹138.3 | 8.00% | 8.00% |
| Geojit Financial Services Ltd | ₹86.8 | 7.50% | 7.60% |
| Jubilant Pharmova Ltd | ₹356.4 | 6.80% | 6.80% |
| CRISIL Ltd | ₹1,281.0 | 5.50% | 5.50% |
| Titan Company Ltd | ₹12,134.7 | 5.10% | 5.10% |
| Jubilant Ingrevia Ltd | ₹377.1 | 4.70% | 4.70% |
| Karur Vysya Bank Ltd | ₹280.3 | 4.50% | 4.50% |
| Autoline Industries Ltd | ₹14.9 | 4.50% | 4.60% |
| Fortis Healthcare Ltd | ₹933.3 | 4.20% | 4.20% |
| Federal Bank Ltd | ₹902.2 | 3.60% | 3.70% |
| Anant Raj Ltd | ₹91.3 | 3.40% | 3.40% |
| Dishman Carbogen Amcis Ltd | ₹55.4 | 3.20% | 3.20% |
| Indian Hotels Company Ltd | ₹952.9 | 2.10% | 2.10% |
| Wockhardt Ltd | ₹81.8 | 2.10% | 2.10% |
| Prozone Intu Properties Ltd | ₹7.5 | 2.10% | 2.10% |
| Canara Bank Ltd | ₹878.9 | 2.00% | 2.00% |
| D B Realty Ltd | ₹47.0 | 1.90% | 2.10% |
| Edelweiss Financial Services Ltd | ₹108.1 | 1.60% | 1.60% |
| Escorts Ltd | ₹363.9 | 1.40% | - |
| Indiabulls Housing Finance Ltd | ₹74.7 | 1.20% | 1.30% |
| Man Infraconstruction Ltd | ₹42.6 | 1.20% | 1.20% |
| Orient Cement Ltd | ₹33.0 | 1.20% | 1.20% |
| Tata Motors Ltd | ₹1,655.9 | 1.10% | 1.20% |
| Tata Communications Ltd | ₹380.2 | 1.10% | 1.10% |
Disclaimer: Please note that the above table is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.
Who was Rakesh Jhunjhunwala?
Rakesh Jhunjhunwala, the “Big Bull” of the Indian stock market, was a well-respected figure in the finance world. Born in Mumbai, India, Jhunjhunwala started his career as a Chartered Accountant and then ventured into investing. His unique investment philosophy of research, patience, and long-term perspective took him to great heights in the financial industry.
Rakesh Jhunjhunwala’s portfolio had a mix of stocks from blue-chip companies to various sectors of the Indian economy. Jhunjhunwala’s portfolio companies had stocks from multiple sectors, with well-known and multibagger stocks as well as smallcap stocks.
Rakesh Jhunjhunwala positioned himself in promising sectors, kept an eye on market trends and valuations. He believed in his quote, “Anticipate trends and benefit from it. Traders should go against human nature.’
He also operated through RARE Enterprises, a trading firm he named after his and his wife’s initials – RAkesh and REkha Jhunjhunwala.
As of August 2022 (just before he passed away), his personal portfolio was worth around ₹31,833 cr and his wife Rekha Jhunjhunwala’s portfolio was worth over ₹29,534.6 cr as of March 2023.
After his passing, Rekha Jhunjhunwala retained and continued to manage the portfolio. Publicly disclosed filings as of June 30, 2025, show:
- The total portfolio managed by Rakesh Jhunjhunwala & Associates now has 26 listed holdings with an estimated net worth of ₹54,524.63 cr.
- The portfolio has seen a quarter-on-quarter decline of around 5.8% in Q4 FY25, partly due to market fluctuations in Q4 FY25.
Rakesh Jhunjhunwala’s Top Holdings in 2025
Below is a list of the top stocks based on their holding value in Jhunjhunwala’s portfolio stocks list.
| Company | % of the Company Held (June 2025) | Number of Shares Held (in mn) | Total Value (in Cr) |
| Titan Company Ltd. | 5.15% | 14.63 | 15,369.66 |
| Inventurus Knowledge Solutions Ltd. | 49.34% | 13.32 | 13,287.54 |
| Star Health and Allied Insurance Co. | 17.14% | 43.89 | 4,385.82 |
| Tata Motors Ltd. | 1.30% | 57.37 | 3,122.26 |
| CRISIL Ltd. | 5.19% | 0.54 | 2,010.62 |
Rakesh Jhunjhunwala Penny Stocks List
Here we have listed Rakesh Jhunjhunwala’s penny stocks that have the potential to generate high returns. However, investors should do their own research and/or consult a financial advisor before investing in any of these Rakesh Jhunjhunwala stocks.
| Penny Stocks List | Industry | Sector Dividend Yield (%) |
| Bilcare Ltd | Life Sciences Tools & Services | 0.80% |
| Geojit Financial Services Ltd | Capital Markets | 1.05% |
| NCC Ltd | Construction & Engineering | 0.67% |
| Karur Vysya Bank Ltd | Banks | 1.05% |
| Prozone Intu Properties Ltd | Real Estate | 1.05% |
Rakesh Jhunjhunwala Portfolio List-Sector Split Overview
Here is the sector-wise breakdown of Jhunjhunwala’s portfolio
A brief overview of the top sectors:
- Consumer Retail: Jhunjhunwala invested in well-known consumer brands, including Aptech Ltd., Singer India Ltd., Sundrop Brands Ltd., Baazar Style Retail Ltd., and Titan Company Ltd., a leading and well-managed market player.
- Financial Services: His key holdings under this sector included Canara Bank, Karur Vysya Bank, The Federal Bank, Geojit Financial Services, and CRISIL, reflecting confidence in banking and financial services growth.
- Healthcare: Jhunjhunwala’s investments spanned Fortis Healthcare, Jubilant Pharmova, Star Health, and Wockhardt, covering healthcare services, pharmaceuticals, and insurance.
- Infrastructure & Construction: The industrial sector comprised Escorts Kubota, NCC, Tata Motors, Tata Communications, and VA Tech Wabag.
- Automobiles: His portfolio contains Tata Motors, which reflects his interest in auto and mobility trends.
- Others: Holdings also included technology and speciality firms like Inventurus Knowledge Solutions, Concord Biotech, and Raghav Productivity Enhancers, ensuring portfolio diversification.
Jhunjhunwala is a value investor. He looks for stocks that are trading at a discount to their intrinsic value. He also invests in stocks that have strong management teams and good track records.
Rakesh Jhunjhunwala Net Worth Trend
Rakesh Jhunjhunwala’s net worth has been growing steadily over the years due to his clever investment and market sense.
- 2020: ₹45,650 cr during COVID market volatility and recovery.
- 2021: ₹48,140 cr, with robust equity exposure and recovery.
- 2022: ₹49,800 cr and at peak!
- 2023: ₹51,460 cr, with market recovery and stock picks.
- 2024: ₹53,120 cr, with more gains and compounding.
- 2025: ₹49,800 cr, still growing mid-2025.
Which Stocks Were Added to Rakesh Jhunjhunwala Stocks List in FY25?
Here is the list of stocks that were added to Rakesh Jhunjhunwala’s portfolio in 2025.
- Jubilant Pharmova Ltd.: Increased holding by 1.20%, reflecting a strengthened position in the pharmaceutical sector.
- Tata Motors Ltd.: Holding went up by 0.50%, indicating continued confidence in the auto major’s growth trajectory.
- Karur Vysya Bank Ltd.: Stake rose by 0.30%, signalling a positive outlook on the private banking segment.
- Federal Bank Ltd.: Increased shareholding by 0.15%, suggesting a marginally higher allocation to this banking stock.
Which Stocks Were Downsized From Rakesh Jhunjhunwala Stocks List in FY25?
Below is the list of stocks that were downsized from Rakesh Jhunjhunwala’s portfolio 2025:
- Nazara Technologies Ltd: The portfolio saw a sale of 17,21,500 shares, representing 1.9%. On 13 June 2025, an additional 27,23,620 shares were sold, bringing the total change to 5.07% since the previous disclosure.
- Sun Pharma Advanced Research Co Ltd: He sold a 1.94% stake, which is 5.16 mn shares of Sun Pharma Advanced Research Co Ltd, in March 2025.
- Baazar Style Retail Ltd: Jhunjhunwala portfolio also saw a trimmed 1.9 lakh shares, which means a reduction of 3.39% stake between January to March 2025.
Investment Strategy of Rakesh Jhunjhunwala’s – Stock Picking Philosophy
While conducting a Jhunjhunwala portfolio analysis and observing his holdings, several new learnings emerged regarding his risk approach and growth strategy. Let’s check out the prominent ones first:
- Focus on Management Quality: Jhunjhunwala believes that the most crucial factor in investing is the quality of the management team. Take the example of Rakesh Jhunjhunwala’s favourite stock, Titan Company Ltd. (the largest jewellery retailer in India). He has invested in the company because he believes that it has:
- A strong management team
- A good business model
- Trading at a discount to its intrinsic value.
- Valuation Discipline and Exit Strategy: Rakesh Jhunjhunwala believes that there isn’t a precise buying point for stocks, but there’s a correct moment to sell. According to him, the optimal time to sell a stock is when its price-to-earnings ratio (P/E ratio) reaches an unsustainable level. This strategy proved profitable for him during the Harshad Mehta Scam in the 1990s when he correctly assessed that market valuations were not viable and took a short position.
- Diversification Across Sectors: By investing in multiple sectors, Rakesh Jhunjhunwala has added diversification to the portfolio. His investments range from jewellery, pharma, automobiles, financial services, and much more.
- Preference for Strong Cash Reserves: Similar to Warren Buffett, even Rakesh Jhunjhunwala believes that cash is a good asset to have on a balance sheet. A huge cash reserve is something he looks for in companies he invests in.
Learnings from Rakesh Jhunjhunwala
Here are some of the key learnings from Rakesh Jhunjhunwala’s Portfolio in 2025:
- Do Your Research: He has always mentioned not to follow quick hot tips. Do your extensive research on companies before investing in them. You may look at the company’s financials, management team, and industry trends to form a sound decision.
- Invest for the Long Term: Jhunjhunwala is a long-term investor. He believes that it takes time for companies to grow and for their stock prices to appreciate. He was willing to hold on to stocks for years, even if the market is volatile.
- Don’t Be Afraid to Take Risks: Jhunjhunwala is not afraid to take risks. He invested in companies under emerging industries or those that are facing challenges. He believes that these companies have the potential to grow rapidly and generate high returns.
- Be Patient: Jhunjhunwala was patient. He knew that it takes time for companies to grow and for their stock prices to appreciate. He was willing to wait for the right opportunity to invest.
- Don’t Follow the Herd: Jhunjhunwala was not a follower. He invested in the companies that he believes in, even if they are not popular. He believed that it is essential to do your own research and make your own investment decisions.
To Wrap It Up…
Rakesh Jhunjhunwala invested in companies he believed in, regardless of their popularity, and diversified his stocks across sectors to balance risk and optimise returns. There’s no doubt that stock picking involves extensive research and analysis; likewise, Rakesh Jhunjhunwala’s stock picks have attracted attention for their strategic value and potential. Hence, smallcase features over 500 portfolios curated by SEBI-registered experts, offering a variety of investment options, including portfolios inspired by Jhunjhunwala’s holdings and other diversified strategies.
Frequently Asked Questions about Rakesh Jhunjhunwala Portfolio
As of June 2025, Rakesh Jhunjhunwala’s portfolio is worth around ₹61,689 cr. Rakesh Jhunjhunwala’s stock picks carry mostly long-term stocks.
Key holdings are:
– Titan Company Ltd.
– Star Health and Allied Insurance Company Ltd
– Crisil Ltd.
– Metro Brands Ltd
– NCC Ltd.
– Canara Bank Ltd
– Federal Bank Ltd
– Tata Motors
– Fortis Healthcare Ltd
His portfolio declined 5.8% in Q1 FY26 compared to the previous quarter, due to the overall market.
Jhunjhunwala’s portfolio shows consumer retail, financial services, healthcare and industrials as top sectors so far.
Rakesh Jhunjhunwala’s stock strategy focused on these sectors because of their growth potential, stable demand and demographic advantage.
Rakesh Jhunjhunwala’s stake in Akasa Air introduced aviation exposure to his portfolio. As a capital-intensive, high-beta sector, this move underscored the fundamental conviction and due diligence undertaken by RARE Enterprises and Rekha Jhunjhunwala.
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