Vanguard is an investment company, that manages about $8.1 trillion in assets under management as of December 2023, The Vanguard Group, Inc. provides investment management and advisory services. The company offers its services to equity investment and fixed-income groups, investment pooled vehicles, mutual funds, and separate account institutional clients.
Vanguard is the biggest provider of mutual funds and the second-largest provider of exchange-traded funds worldwide. The Vanguard Fund owns 25 Indian stocks valued at over ₹35,007.9 crores, as of December 31, 2023.
Here are the top Vanguard Funds holding under ₹150
Suzlon Energy Ltd
On Friday, Suzlon Energy shares closed at ₹39.4 per share, up 0.90 percent from the previous close price on the National Stock Exchange. The company has a market capitalization of ₹53,156 crore.
In Q3 FY24, Vanguard funds held a 2.32 percent stake out of 17.83 percent held by foreign institutional investors. The promoter holds a 13.28 percent stake, and domestic institutional investors hold 6.16 percent.
Vanguard Total International Index Fund owns 1.17 percent, and Vanguard Emerging Markets Stock Index Fund owns 1.15 percent out of a 17.83 percent stakehold of foreign institutional investors.
Suzlon Energy shares have gained 58 percent in the last six months, for a multibagger return of 381 percent in a year.
Suzlon Energy Ltd is a pioneer in providing end-to-end wind power solutions and a leader in wind energy in India. The company offers turbines in customized versions.
Hindustan Construction Company Ltd
On Friday, Hindustan Construction Company shares closed at ₹34.8 per share, up 2.99 percent from the previous close price on the National Stock Exchange. The company has a market capitalization of ₹5,485 crore.
In Q3 FY24, Vanguard funds held a 2.19 percent stake out of 7.84 percent held by foreign institutional investors. The promoter holds an 18.59 percent stake, and domestic institutional investors hold 9.38 percent.
Vanguard Total International Index Fund owns 1.12 percent, and Vanguard Emerging Markets Stock Index Fund owns 1.07 percent out of a 7.84 percent stakeholder group of foreign institutional investors.
Hindustan Construction shares have gained 38 percent in the last six months, for a multibagger return of 133 percent in a year.
Hindustan Construction Company is principally engaged in the business of providing engineering and construction services, real estate, infrastructure, and urban development and management.
IDFC Ltd
On Friday, IDFC Ltd. shares closed at ₹111 per share, up 0.14 percent from the previous close price on the National Stock Exchange. The company has a market capitalization of ₹17,720 crore.
In Q3 FY24, Vanguard funds held a 2.3 percent stake out of 19.54 percent held by foreign institutional investors. Retail investors hold a 49.23 percent stake, and domestic institutional investors hold 14.77 percent.
Vanguard Total International Index Fund owns 1.13 percent, and Vanguard Emerging Markets Stock Index Fund owns 1.15 percent out of a 19.54 percent stakeholder group of foreign institutional investors.
IDFC Ltd. shares have declined 12 percent in the last six months, and a return of 44 percent in a year.
IDFC Ltd., formerly, Infrastructure Development Finance Company Ltd., is a non-banking finance company (NBFC)—an investment company offering banking and other financing solutions. The company’s offerings include a range of accounts, loans, cards, insurance, payment services, cash management solutions, foreign exchange, and online banking solutions.
Written by Omkar Chitnis
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