Rahul Gandhi’s asset portfolio: Needs a facelift just like his politics — this is what experts say

livemint.com:

Rahul Gandhi recently filed his nomination papers from Wayanad in Kerala, the constituency he represents in the lower house of Parliament. Among several disclosures, he also disclosed his total assets amounting to ₹20 crore. He has ₹9.24 crore in movable assets, out of which ₹55,000 in cash, ₹26.25 lakh in bank deposits, ₹4.33 crore in bonds and shares, ₹3.81 crore in mutual funds, ₹15.21 lakh in gold bonds and ₹4.20 lakh in jewellery.

We spoke to several financial experts to gauge how prudent the senior Congress leader's portfolio is. They believe that the portfolio – by and large -- is decent. However, just as with everything else in the world — there is a scope for improvement in Rahul Gandhi’s portfolio as well.

Let us understand more about this here: Deepesh Raghaw, a Sebi-registered investment advisor, believes that the portfolio is quite decent but the allocation to small caps is too high. “If I were him, I would invest 30-35 per cent in fixed-income assets. Besides, there is a huge allocation to small-cap funds, which is a risky thing to do," says Raghaw.

There should be ideal key allocation between different asset classes viz equity, debt and gold, and from that perspective, Rahul Gandhi’s asset allocation is decent, Raghaw says. And then there should be good sub-allocation as well wherein there should be less allocation to stocks and more to mutual funds whereas the ratio is reversed, he asserts. Notably, he has mutual funds worth ₹3.81 crore while allocation to stocks and bonds is higher and stands at ₹4.33 crore.