Dolly Khanna is a prominent name in the investing community, known for her impressive history of returns. In this article, we will explore Dolly Khanna portfolio, net worth, age, and investment style, highlighting what sets her apart from other investors.
Who is Dolly Khanna?
Dolly Rajeev Khanna is an Indian businesswoman and investor whose portfolio is managed by Dolly Khanna’s husband, Rajeev Khanna. She began her entrepreneurial journey with an ice cream venture called “Kwality Milk Foods,” which was sold to Hindustan Unilever in 1995. The Chennai-based couple is now entirely focused on managing their investments.
Dolly Khanna Age, and Personal Life
Dolly Khanna was born in 1965, making Dolly Khanna age 59 years old as of now. While specific details about her personal life are limited, she is known to have a background in science and holds an MBA in finance. Dolly Khanna began her investment journey in the late 1990s and has since gained recognition as a successful stock picker in India. She is married to Rajiv Khanna, who plays a significant role in managing their investment portfolio.
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Dolly Khanna Latest Portfolio – Top Holdings
| Company | Shares held | Stock price (INR) | Value (INR crore) |
| Chennai Petroleum Corporation Ltd. | 1,618,520 | 622.0 | 100.67 |
| J Kumar Infraprojects | 768,342 | 750.4 | 57.66 |
| Prakash Pipes Ltd. | 906,052 | 539.9 | 48.91 |
| Prakash Industries | 2,100,178 | 170.6 | 35.83 |
| Repco Home Finance | 708,786 | 482.3 | 34.18 |
| Som Distilleries & Breweries Ltd. | 2,823,939 | 108.7 | 30.70 |
| Mangalore Chemicals & Fertilizers Ltd. | 1,878,990 | 150.9 | 28.36 |
| Selan Exploration Technology Ltd. | 262,669 | 910.3 | 23.91 |
| Talbros Automotive Components Ltd. | 743,382 | 302.0 | 22.45 |
| Zuari Industries Ltd. | 577,732 | 341.2 | 19.71 |
| Emkay Global Financial Services | 615,347 | 307.5 | 18.92 |
| Pondy Oxides & Chemicals Ltd. | 146,297 | 1,002.0 | 14.66 |
| 20 Microns Ltd. | 454,392 | 247.6 | 11.25 |
| Nile Ltd. | 38,245 | 2,294.5 | 8.78 |
| KCP Sugar & Industries Corporation | 1,882,638 | 46.0 | 8.66 |
| Rajshree Sugars & Chemicals | 382,035 | 64.2 | 2.45 |
| Savera Industries | 147,098 | 143.1 | 2.10 |
| POCL Enterprises Ltd. | 62,865 | 180.8 | 1.14 |
| National Oxygen Ltd. | 61,427 | 125.7 | 0.77 |
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Dolly Khanna Portfolio
As of September 2024, Dolly Khanna’s investment portfolio shows several changes compared to September 2023. Notably, her holding in 20 Microns is new, valued at INR 11.25 crore, representing 1.3% of her portfolio. Chennai Petroleum Corporation. remains a significant holding at INR 100.67 crore, but its percentage has decreased from 1.6% in September 2023 to 1.1% in September 2024.
Additionally, Prakash Pipes has increased its value significantly from INR 48.91 crore, now comprising 3.8% of the portfolio compared to 2.9% a year ago, indicating strong growth in this investment.
Overall, Dolly Khanna’s portfolio reflects strategic adjustments with new entries and shifts in existing holdings, showcasing her continued focus on companies with promising growth potential while managing her investments actively between September 2023 and September 2024.
Dolly Khanna Net Worth
According to corporate reports filed for the September 2024 quarter, Dolly Khanna net worth from the equity investments was around INR 471.10 crore. This net worth keeps changing based on price fluctuations on BSE and NSE. This includes only the companies where her shareholding exceeds 1%.
As of the date of writing this article, Dolly Khanna’s net worth tied to the stock market was largely divided into a highly concentrated portfolio of 19 stocks with an average shareholding of INR 24.79 crore.
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Dolly Khanna’s Investment Journey
It might come as a surprise to readers that the husband-wife duo, flush with cash after selling their venture, was initially uninitiated in stock market investments and preferred to keep their funds in fixed deposits.
Rajeev Khanna, a chemical engineer from IIT Madras, decided to invest some money in tech stocks on a whim and managed to exit just in time with substantial gains. However, the subsequent meltdown in tech stocks in 2000 prompted Khanna to shift gears and delve into deeper analysis before making investments. Despite facing limited success initially, they struck gold with their investment in Unitech, a realty firm in Delhi, in 2003. Within five years, this investment grew 500 times to INR 25 crore as the real estate market surged.
Another notable success for the couple was Nilkamal Ltd., a leading plastic furniture manufacturer in India. In 2013, Khanna invested in the company when its stock was trading at around INR 50 per share, resulting in a six-fold increase in her investment within just two years.
Additionally, the duo has achieved significant gains from investments in companies such as Rain Industries, Repro India, Avanti Feeds, Thirumalai Chemicals, and Heritage Foods.
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Dolly Khanna Investment Style
Dolly Khanna’s investment style, largely influenced by her husband Rajeev Khanna, is distinctive and sets her apart from other investors. She primarily invests in small-cap and mid-cap companies within traditional industries that exhibit high growth potential and a proven track record. This approach involves evaluating various factors beyond mere financial metrics, including the quality of management, while consciously avoiding new-age sectors like IT and media. Khanna is also known for her “buy and hold” strategy.
A look at Dolly Khanna portfolio reveals her preference for sectors such as chemicals, manufacturing, liquor, textiles, and sugar—industries characterized by strong business continuity and resilience against disruptions. Undervaluation is another critical criterion for any stock to be included in her portfolio.
Notably, Dolly Khanna and Rajeev maintain a low profile, refraining from frequent media appearances to promote their holdings or new picks. This strategy helps them avoid unnecessary scrutiny and enables them to accumulate significant shares without inflating stock prices.
Dolly Khanna’s investment style has undoubtedly yielded significant returns. Her approach focuses on investing in reliable small-cap and mid-cap companies with high-growth potential, which has been crucial to her success. Investors can draw valuable lessons from Dolly Khanna’s investment strategies and history to enhance their investment practices.
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