Please go thru the above picture showing the investments more than 1% in yes bank. There has been new additions in September 2018 by the world’s largest mutual fund house Vanguard, to the tune of 2.24% which in INR terms is 495 Crores(for 56 Mn shares). The question is, have not they done due diligence in picking the script? should they have waited for the dust to settle down? If the bank has big issues as the folks/media is pointing out, then why the biggest fund house is buying it,at the time of distress…Think about it, take your own decision, do your own research and do not get influenced by what others say…ultimately its your money.
FYI Vanguard emerging markets funds other investments in India are: Reliance industries,HDFC,INFY,TCS,HUL,Axis bank,maruti,HCL,M&M,L&T,Bajaj finance,JSW steel,Airtel,Vedanta,TechM,Coal India, Ultratech,NTPC,SBI,iNDIAN Oil,Eicher, Indiabulls housing, Godrej,Titan,Grasim etc. …All solid names.
refer the link : https://investor.vanguard.com/mutual-funds/profile/overview/VEIEX/portfolio-holdings