Affluent investors too feel the pinch as markets turn wobbly from lofty highs
Several affluent individual investors saw their wealth erode by 10-18% in the recent sell-off after witnessing it grow in the September quarter. According to data from primeinfobase.com, the value of the portfolios of Radhakishan Damani, Rakesh Jhunjhunwala‘s family, Ashish Dhawan and Nemish Shah, among others, fell amid the 10% decline in the Nifty since Sept…