Rahul Gandhi Invested Lacs of Rs in Modi Government's Sovereign Gold Bond Scheme: Details Revealed
Rahul Gandhi Invested Lacs of Rs in Modi Government's Sovereign Gold Bond Scheme: Details Revealed
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New Delhi: Rahul Gandhi submitted his nomination papers for the Wayanad constituency in Kerala, revealing his assets in the process. According to the affidavit submitted for the election, Rahul Gandhi's movable assets amount to approximately Rs 9.24 crore, while his immovable assets are valued at around Rs 11.14 crore, bringing his total wealth to Rs 20.38 crore. However, he also declared a debt of about Rs 49.79 lakh.

In addition to his income, Rahul Gandhi disclosed his investments in shares and mutual funds. The affidavit shows that he holds shares in 25 companies, with investments totaling Rs 4.30 crore. Furthermore, he has invested in the Reserve Bank of India's Sovereign Gold Bond scheme, initiated during the tenure of Prime Minister Narendra Modi. This scheme allows investors to purchase gold at a fixed annual return of 2.50% for eight years, with subsequent returns linked to market fluctuations.

Rahul Gandhi's investment in the Sovereign Gold Bond scheme matured in November 2023, yielding a return of 12.9% over the eight-year period. Additionally, he holds investments of Rs 15.27 lakh in SGBs, along with Rs 61.52 lakh in a Public Provident Fund (PPF) account and 333.30 grams of gold valued at Rs 4.20 lakh.

His stock portfolio includes shares in various companies such as ITC, ICICI Bank, Alkyl Amines, Asian Paints, Bajaj Finance, Deepak Nitrite, Divi's Laboratories, Infosys, Tata Consultancy Services (TCS), Britannia Industries, and Titan Company. It's worth noting that Rahul Gandhi's financial assets have seen significant growth since his first election in 2004 when his total assets amounted to Rs 55 lakh.

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