Shashi Tharoor's Wealth and Mutual Fund Investments Revealed
Shashi Tharoor's Political Role and International Delegation
For an experienced politician like Shashi Tharoor, who enjoys a global reputation, navigating the opposition while occasionally supporting the government is a nuanced task. Nevertheless, he has prioritized national interests, emerging as a prominent spokesperson for India's Operation Sindoor against Pakistan. The Congress representative from Thiruvananthapuram is currently leading one of seven Indian delegations dispatched abroad to advocate for the country's stance on terrorism following the operation.
Response to Pakistan's Actions
Following the Operation Sindoor on May 7, Tharoor has been vocal about Pakistan's misleading actions, framing India's response as a measured and appropriate reaction to cross-border terrorism. After both nations agreed to a ceasefire at Islamabad's request, the Modi administration decided to establish seven delegations to communicate India's position on terrorism globally. Tharoor was chosen to lead one of these delegations to the United States, collaborating with leaders from various political factions.
Tharoor's Financial Assets
In his election affidavit for 2024, Shashi Tharoor reported assets exceeding ₹55 crore, a significant increase from ₹23 crore in 2014. This figure has more than doubled since then, rising from ₹35 crore in 2019. The affidavit accompanying his nomination papers reveals that the Thiruvananthapuram MP possesses movable assets worth over ₹49 crore, which include substantial investments in bonds, debentures, mutual funds, and other securities. He has deposits in 19 bank accounts and owns 534 grams of gold valued at around ₹32 lakh, along with ₹36,000 in cash. For the financial year 2022–23, Tharoor declared an income of ₹4.32 crore.
Details of His Real Estate Holdings
Tharoor's immovable assets are valued at over ₹6.75 crore, which includes 10.47 acres of land he acquired in Thiruvananthapuram worth ₹6.20 crore and land in Palakkad valued at ₹1.56 lakh, comprising a one-fourth share of inherited agricultural property. His residential property in the capital is estimated to be worth approximately ₹52 lakh. Additionally, Tharoor owns two vehicles: a Maruti Ciaz and a Maruti XLX.
Mutual Fund Investments Overview
During the 2024 general elections, Shashi Tharoor disclosed mutual fund investments totaling ₹1.72 crore, showcasing a well-diversified portfolio. As of March 31, 2024, he held investments in around 23 different mutual fund schemes, indicating a strategic approach to risk management and return optimization. Tharoor's investments include five schemes from Franklin Templeton Mutual Fund, along with holdings in various funds from HDFC Mutual Fund, ICICI Prudential Mutual Fund, Axis Mutual Fund, Mirae Asset Mutual Fund, SBI Mutual Fund, UTI Mutual Fund, Edelweiss Mutual Fund, Kotak Mutual Fund, and Quant Mutual Fund.
International Investment Ventures
Among his international investments, Tharoor has allocated funds to the Edelweiss MSCI India Domestic & World Health Care 45 Index Fund and the Edelweiss US Technology Equity Fund of Funds. Notably, he has invested in the Franklin India Feeder – Franklin US Opportunities Fund, which had a market value of ₹3.72 lakh as of March 31, 2024, and also holds shares in the India ELSS Tax Saver Fund.