The BlackRock Global Funds (BGF) India Fund A2 is an actively managed fund under BlackRock’s umbrella, focusing on Indian equities. It aims to achieve long-term capital growth by investing primarily in Indian equity securities and invests at least 70 percent of its total assets in the equity securities of companies domiciled in, or exercising the predominant part of their economic activity in, India.
As of 30th August 2024, BlackRock Global Funds (BGF) India Fund A2 has invested in over 42 companies with a focus on key sectors like financial services, technology, and others and it has generated a return of 24.96 percent over one year and 11.80 percent over five years.
Listed below are the top 5 stocks that constitute a major part of the BlackRock Global Funds (BGF) India Fund A2.
Infosys
Infosys Ltd provides consulting, technology, outsourcing, and next-generation digital services to enable clients to execute strategies for the digital transformation of their clients.It is the 2nd largest Information Technology company in India behind TCS
With a market capitalization of Rs. 7,91,898 Crores, the shares of Infosys Limited closed at Rs. 1,907.20 per equity share, up 0.41 percent from its previous day’s close price of Rs. 1,899.35.
As of 30th August 2024, Infosys Limited constitutes 5.06 percent of the total allocation of BlackRock Global Funds (BGF) India Fund A2.
Mahindra & Mahindra
Mahindra & Mahindra Limited is one of the most diversified automobile companies in India with a presence across 2-wheelers, 3-wheelers, PVs, CVs, tractors & earthmovers. It also has a presence across financial services, auto components, hospitality, infrastructure, retail, logistics, steel trading and processing, IT businesses, and others.
With a market capitalization of Rs. 3,95,697 Crores, the shares of Mahindra & Mahindra Limited closed at Rs. 3,182.05 per equity share, up 0.04 percent from its previous day’s close price of Rs. 3,180.85.
As of 30th August 2024, Mahindra & Mahindra Limited constitutes 4.75 percent of the total allocation of BlackRock Global Funds (BGF) India Fund A2.
Reliance Industries
Reliance Industries Limited is engaged in the activities of hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables, retail, digital services, and many others.
With a market capitalization of Rs. 20,65,197 Crores, the shares of Reliance Industries Limited closed at Rs. 3,052.40 per equity share, up 1.72 percent from its previous day’s close price of Rs. 3,000.70.
As of 30th August 2024, Reliance Industries Limited constitutes 4.71 percent of the total allocation of BlackRock Global Funds (BGF) India Fund A2.
Ultratech Cement
UltraTech Cement is the largest cement manufacturer and the market leader in India with a market share of 28.5 percent. It is engaged in the manufacturing and sale of Cement and Cement-related products in India and overseas.
With a market capitalization of Rs. 3,45,282 Crores, the shares of Ultratech Cement Limited closed at Rs. 11,960 per equity share, down 0.84 percent from its previous day’s close price of Rs. 12,061.55.
As of 30th August 2024, Ultratech Cement Limited constitutes 4.14 percent of the total allocation of BlackRock Global Funds (BGF) India Fund A2.
REC
REC Limited is a ‘Maharatna’ company under the administrative control of the Ministry of Power, GOI, it provides long-term loans and other financing products to the State, Centre, and Private Companies for financing projects in the complete power sector value chain from generation to distribution.
With a market capitalization of Rs. 1,47,474 Crores, the shares of REC Limited closed at Rs. 560.05 per equity share, up 2.89 percent from its previous day’s close price of Rs. 544.30.
As of 30th August 2024, REC Limited constitutes 4.13 percent of the total allocation of BlackRock Global Funds (BGF) India Fund A2.
Written by: Bharath K.S
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