Rajiv Jain-Led GQG’s $10 Billion India Bet Has Winning Picks Beyond Adani

GQG’s funds bought ITC, JSW Energy and Patanjali Foods in 2023
Value of India holdings in six funds jumped 125% in a year

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Advait Palepu

December 11, 2023 at 6:41 AM UTC

Updated on

December 11, 2023 at 11:11 AM UTC

This article is for subscribers only.

Rajiv Jain’s GQG Partners LLC saw the value of its India portfolio more than double in little over a year, driven by winning stock picks that go beyond headline-grabbing investments in the Adani Group.

The value of India investments across six of GQG’s funds jumped to $9.9 billion compared with $4.4 billion a year earlier, according to data compiled by Bloomberg from latest regulatory filings and information on the Florida-based investor’s website.