Tejasvi Surya, BJP South Bangalore Candidate
Bengaluru South BJP candidate Tejasvi Surya has attributed his exponential rise in wealth to the capital market.
Bengaluru South BJP candidate Tejasvi Surya has attributed his exponential rise in wealth to the capital market.
“Investing systematically in the capital markets through SIPs, mutual funds, and stocks has yielded significant returns due to the robust economy,” Surya advised Moneycontrol in an interview.
His remarks come after his affidavit, revealing a 30-fold improve in his complete property during the last 5 years, from Rs 13.46 lakh in 2019 to Rs 4.10 crore in 2024.
“Thanks to the soaring capital markets and a burgeoning economy, returns have multiplied significantly, benefiting investors nationwide. I am one of those investors who have benefited from this flourishing economy,” he stated.
“The primary driver behind these substantial returns in stock values and mutual funds is the good governance and rapid growth of the Indian economy under Prime Minister Narendra Modi. If anyone is looking for investment advice from me, I would recommend investing in Modi for multi-fold returns,” he stated.
Surya, an advocate within the Karnataka High Court and nephew of BJP chief and Basavanagudi MLA Ravi Subramanya, acknowledged he doesn’t possess bodily property like automobiles or homes. According to the affidavit, his sources of revenue embrace skilled earnings, MP wage, and curiosity and dividend.
“Over the past five years, alongside my duties as an MP, I’ve been practicing law and founded a law firm in Bengaluru, earning a salary from it. I do not own any gold, immovable property, vehicles, or other movable assets because all my investments are in the capital markets,” he stated.
The 33-12 months-outdated BJP chief can be pushing for monetary literacy in academic establishments. “A year ago in the Parliament, I advocated for the inclusion of financial literacy in school and college curricula to empower youth towards financial independence,” he stated.
Asked about his numerous portfolio, comprising Rs 1.99 crore invested throughout 26 totally different mutual funds, he stated: “I started investing in 2019 and am still in the learning phase. Many Twitter users, now X, have advised me to streamline my mutual fund holdings and offered stock tips, which I’m considering. My only regret is not entering the market earlier, as compounding works best with long-term investments.”
He stated that he positive aspects insights into the financial system from inventory efficiency. (*5*) he stated.
“In December 2023 alone, 42 lakh demat accounts were opened, indicating a surge of young investors, like myself, into the capital markets. Currently, there are a total of 15 crore demat accounts in the country,” he added.
Surya is contesting from the BJP stronghold of Bengaluru South in opposition to Congress candidate and former Jayanagar MLA Sowmya Reddy, who can be the daughter of the state transport minister Ramalinga Reddy.
