Vanguard is an investment company, that manages about $7.7 trillion in assets under management as of April 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 6 Indian stocks valued at over ₹36,623.8 crores, as of December 31, 2023.
Here are the top 3 stocks in which Vanguard Funds holds up to an 18.6 percent stake
Zee Entertainment Enterprises Ltd
On Friday, Zee Entertainment Enterprises shares closed at ₹155 per share, down 3.48 percent from the previous close price on the stock exchange. The company has a market capitalization of ₹14,912 crore.
In Q3 FY24, Vanguard funds held a 4.6 percent stake out of 28.19 percent held by foreign institutional investors. The promoter holds a 3.99 percent stake, and domestic institutional investors hold 43.42 percent.
Vanguard International Value Fund owns 2.23 percent, Vanguard Total International Stock Index Fund owns 1.18 percent, and Vanguard Emerging Markets Stock Index Fund owns 1.19 percent out of a 4.6 percent stake.
Zee Entertainment Enterprises is primarily in the business of broadcasting satellite television channels, a Space Selling agent for other satellite television channels, and selling content, i.e., programs/film rights/feeds/music rights.
Crompton Greaves Consumer Electricals Ltd
On Friday,Crompton Greaves Consumer Electricals shares closed at ₹296 per share, up 1.58 percent from the previous close price on the stock exchange. The company has a market capitalization of ₹18,919 crore.
In the third quarter of fiscal year 2024, Vanguard funds accounted for a 2.7 percent share of the total 35.38 percent held by foreign institutional investors. Retail investors own 16.42 percent, and domestic institutional investors own 47.75 percent.
Vanguard Total International Stock Index Fund owns 1.35 percent, and Vanguard Emerging Markets Stock Index Fund owns 1.31 percent out of the 2.7% stake.
Crompton Greaves Consumer Electricals Limited is one of the leading consumer companies in India. The company is in the business segment of lighting and electrical consumer durables, and the company markets its products under the brand name “Crompton.”.
Phoenix International Ltd
On Friday, Phoenix International Ltd. shares closed at ₹37.5 per share, up 4.25 percent from the previous close price on the stock exchange. The company has a market capitalization of ₹62 crore.
As of Q3 FY24, Vanguard Services Pvt. Ltd. holds an 18.6 percent stake out of the 70.22 percent promoter holding. Retail investors hold 29.79 percent.
Phoenix International Ltd. shares have gained 45 percent in the last six months and 64 percent in a year.
Phoenix International Ltd. is in the business of leasing out buildings and is a manufacturer and supplier of shoe uppers in Chennai, India.
Written by Omkar Chitnis
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