The Biography of Rakesh Jhunjhunwala! One of the most influential people in finance, Rakesh Jhunjhunwala is often mentioned alongside Warren Buffet and George Soros. This article delves into his background, his investments and his personal life to give readers a complete understanding of the man that is known as the “god” of Indian equity funds.
Who was Rakesh Jhunjhunwala?
Rakesh Jhunjhunwala is a legend in the world of Indian equity funds. He is the founder and chairman of the Rakesh Jhunjhunwala Group, one of India’s largest private equity firms. Jhunjhunwala has played a significant role in building India’s stock market and investment infrastructure over the past two decades.
Rakesh Jhunjhunwala is an Indian business tycoon who is the chairman and managing director of Rare Enterprises. He is also a partner in another firm, Tulip Research. As of March 2015, his net worth was estimated to be $5.3 billion, making him the 54th richest person in India.
Rakesh Jhunjhunwala is an Indian business magnate and investor, often referred to as the “Warren Buffett of India”. He is a qualified Chartered Accountant. He started his career as a securities analyst and stockbroker in Mumbai in 1985. In 1987 he started his own portfolio management company, Rare Enterprises.
As of December 2020, his net worth was estimated to be $5.8 billion , making him the 54th richest person in India. Jhunjhunwala investment style is deeply influenced by that of Benjamin Graham and Warren Buffett.
He has often been quoted as saying, “I am very influenced by Ben Graham’s writings… I have tried to imbibe what I have learnt from him.” Jhunjhunwala follows a long-term value investing approach and believes in buying stocks when they are available at low prices and selling them when their prices are high.
Rakesh Jhunjhunwala Biography
nRakesh Jhunjhunwala is an Indian investor and trader. He is the chairman and managing director of Rare Enterprises, a portfolio management firm. He is also a partner in another firm, Rare Equity Advisors. As of November 2020, his net worth was estimated to be around $5.8 billion.
Jhunjhunwala was born on 5 July 1960 in Kolkata, West Bengal to a middle-class Marwari family. His father was an accountant with the state government while his mother was a housewife. He has two brothers and one sister. Jhunjhunwala did his schooling from St Xavier’s High School, Kolkata and graduated from Sydenham College, Mumbai with a degree in commerce.
He started his career as a chartered accountant but soon left to pursue his passion for investing in the stock market. In 1985, he started trading with an investment of just Rs 10,000.
Did he Changed the Indian Fund Industry?
Rakesh Jhunjhunwala, known as the “God of Indian Equity Funds” has had a profound impact on the Indian stock market and the Indian fund industry. He is one of the most successful equity fund managers in India, with over Rs. 21,000 crore in assets under management (AUM).
Jhunjhunwala has been able to achieve this success by using a unique investment strategy that focuses on price-earnings (P/E) ratios and other fundamental factors. Jhunjhunwala’s philosophy is based on the belief that high P/E ratios represent good value stocks and are a predictor of future performance. He has also been known to select companies with strong balance sheets and management teams, which has helped his funds outperform other equity funds over the past decade.
Jhunjhunwala’s investing style
The ‘God’ of Indian Equity Funds has been making money for people in India and around the world for over three decades. His investment style is simple – he picks good companies, and he sticks with them. This philosophy has made him one of India’s richest men, and it has helped him become one of the most successful equity fund managers in the world.
Rajeev Kothari started his investing career in the early 1980s, when few Indians had access to capital and stock markets were almost unknown. Today, his investment style is credited with helping turn around some of India’s biggest companies, including Infosys Ltd., Wipro Ltd., and PowerGrid Corp. He also founded Indiabulls Financial Services Ltd., one of India’s largest private banks. Rajeev’s success is a testament to his ability to see opportunities where others see problems and to stick with companies that are doing well, regardless of market conditions.
Rajeev’s philosophy is simple: pick good companies, and stick with them. Rajeev believes that this is the key to success in any industry, whether it be equities or banking. He has never been afraid to take risks – even during the global financial
Has Rakesh been able to maintain his success in recent years?
The ‘God’ of Indian Equity Funds, Rakesh Jhunjhunwala, has been a force to be reckoned with in the financial world for more than two decades now. He has built an impressive equity portfolio, which has helped him amass a net worth that is estimated at $5.8 billion. He was passed away at 14/08/2022 because of cardiac arrest.