Parvesh Verma, son of former Delhi Chief Minister Sahib Singh Verma, has made a significant mark in Indian politics by defeating Aam Aadmi Party leader Arvind Kejriwal in the New Delhi constituency. Beyond his political prowess, Verma is also recognized for his impressive investment strategies, showcasing a deep understanding of finance—a skill honed during his MBA studies. This article delves into Verma’s remarkable investment portfolio, revealing how he not only excels in politics but also in wealth management.
Life Insurance Corporation (LIC) Policies Worth Over ₹82 Lakhs
Parvesh Verma has secured multiple Life Insurance Corporation (LIC) policies for himself and his family, highlighting his commitment to financial security. The total investment in these policies amounts to over ₹82 lakhs. Details of the policies include:
| Policy Holder | Policy Amount (₹) |
|---|---|
| Parvesh Verma | 17,84,000 |
| Wife | 5,51,000 |
| Dependent 1 | 25,00,000 |
| Dependent 2 | 17,00,000 |
| Dependent 3 | 6,00,000 |
| Dependent 4 | 8,00,000 |
Investments in Gold and Stock Markets
According to the affidavit available on Mineta.com, Parvesh Verma and his family hold approximately ₹84.87 lakhs worth of gold. Notably, his wife possesses the largest share, owning 1,110 grams valued at around ₹45.75 lakhs. Parvesh Verma himself owns gold worth ₹8.25 lakhs. However, his investment portfolio extends beyond just LIC and gold:
- Over ₹1 crore deposited in various bank accounts.
- Substantial investments in shares, bonds, and debentures.
- Diverse portfolio including stocks from major conglomerates like Reliance and Adani.
Diverse Investment Portfolio Size
Verma’s overall investments in the stock market, bonds, and debentures have resulted in a diversified portfolio valued at approximately ₹69.31 crores, showcasing his adeptness in both conservative and aggressive investment strategies.
Real Estate Holdings Worth ₹19.11 Crores
When it comes to real estate, Parvesh Verma’s assets are impressive, totaling ₹19.11 crores. His property portfolio includes:
| Property Type | Value (₹) |
|---|---|
| Agricultural Land | 4,00,00,000 |
| Non-Agricultural Land | 8,00,00,000 |
| Commercial Building | 5,00,00,000 |
| Dwarka Flat | 1,25,00,000 |
Total Net Worth and Liabilities
Parvesh Verma has reported a total net worth of ₹115.63 crores, alongside liabilities amounting to ₹74 crores. This balanced approach towards asset accumulation and management illustrates his strategic investments in both the political and financial landscapes.
In summary, Parvesh Verma exemplifies the dual role of a politician and an astute investor, successfully navigating the complexities of both arenas. His investment acumen serves as a benchmark for aspiring political leaders and financial enthusiasts alike.