Smriti Irani's total mutual fund investment at ₹88 lakh; SBI Magnum, DSP MF among 7 schemes in BJP leader's portfolio
₹88.13 lakh. Irani filed her nomination papers from the Amethi Lok Sabha seat for the 2024 Lok Sabha elections on May 3. The minister invested in around seven MFs at the end of March 2024, with two midcap funds in her portfolio, according to the affidavit.
The market value of her investments in Kotak Emerging Equity Fund was recorded at ₹14.88 lakh as of March 31, 2024. Investments in SBI Magnum Midcap Fund and SBI Bluechip Fund stood at ₹23.29 lakh and ₹18.61 lakh, respectively. Also Read: Smriti Irani says Rahul Gandhi's candidature from Raebareli is ‘victory’ for people in Amethi Irani has also invested in two schemes from the DSP Mutual Fund.
The total value of her investments in DSP T.I.G.E.R. Fund and DSP Overnight Fund stood at ₹67,934 and ₹9,127, respectively. Among others, her investment in Motilal Oswal ELSS Tax Saver Fund stood at ₹18.18 lakh, which is the only ELSS scheme in the portfolio, according to the affidavit.
Follow Phase-3 Voter Turnout Live Updates: Maharashtra records lowest turnout at 53%; UP, Gujarat at 55% in Phase 3 According to the affidavit, Irani's total investments in MFs, debentures, and shares stood at ₹88.15 lakh. The BJP leader also disclosed her husband Zubin Irani's investments in MFs. Zubin Irani has invested in four MFs with a total value of ₹47.71 lakh.
He has invested in HDFC Small Cap Fund, Motilal Oswal Flexi Cap Fund and Motilal Oswal ELSS Tax Saver Fund, along with a passive fund in his portfolio. Smriti Irani is pitted against Kishori Lal Sharma fielded by the Congress from the Uttar Pradesh constituency, often seen as a Nehru-Gandhi pocket borough. In the 2019 Lok Sabha elections, Irani was pitted against Congress leader Rahul Gandhi, and she defeated him by a huge margin.
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