Hunkering Down

Big bull Rakesh Jhunjhunwala has kept his portfolio largely unchanged during the April-June quarter amid the bloodbath in the market

- RAHUL OBEROI

IT IS WISE not to be overtly adventurous during a storm, say the wise. This also holds true when the markets are in churn. Ask Rakesh Jhunjhunwala (pictured), often referred to as the Warren Buffett of India. The billionaire investor has largely kept his portfolio unchanged in the first quarter of the current financial year, amid the volatility in the market. That was wise: the benchmark indices—the BSE Sensex and the Nifty50—tanked over 9 per cent each because of rising concerns over inflation and heavy foreign outflows, with investors losing around ₹20 lakh crore.