Ace investor Rakesh Jhunjhunwala remains extremely bullish on Indian stock markets and in an exclusive interview with NDTV’s Vikram Chandra, said that 97-98 per cent of his wealth is still in equities.
“We are yet to see India of our dreams and we are getting there and I am extremely bullish on markets from longer term perspective,” he said. “Until any unforeseen or unthinkable circumstances happen, India’s bull market run cannot be stopped.”
“The bull run in the equity market is a product of the bull run of the economy,” he added.
The ace investor said he will give “25 per cent of portfolio or Rs 5,000 crore whichever is less,” towards charitable causes.
Mr Jhunjhunwala said that his philanthropic efforts will focus on fighting malnutrition and improving water conservation system.
“The causes which I think of and not finally decided about, first is malnutrition. It is estimated that 20-25 per cent of all Indian children suffer from malnutrition. Another area where I work is in water resources,” he said.