4 Largecap Vanguard Fund Stocks to Watch for Future Multibagger Potential: HDFC Bank, Infosys, M&M and Apollo Hospitals
- October 29, 2026
- Posted by: Manan Bisht
- Category: Best Stocks
HDFC Bank Rs 685.30. Infosys Rs 1,123.15. M&M Rs 2,869.90. Apollo Hospitals Rs 8,137. Market caps from Rs 1.22 lakh crore to Rs 11.08 lakh crore. Data as of 28 Oct 2026.
Quick Answer
HDFC Bank, Infosys, M&M and Apollo Hospitals are the 4 picks in this Vanguard fund stocks watchlist, with market caps between Rs 1.22 lakh crore and Rs 11.08 lakh crore. HDFC Bank stands out for the lowest PE of the group at 13.44, while Infosys offers the highest return on equity at 33.24%. PE ratios run from 13.44 to 56.21, so compare each one with its industry PE before investing. All figures are as of 28 October 2026.
Vanguard fund stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. HDFC Bank, Infosys, M&M and Apollo Hospitals meet that test, with market caps from Rs 1.22 lakh crore to Rs 11.08 lakh crore and HDFC Bank offering the lowest PE of the group at 13.44. Each of these companies has a Vanguard fund listed among its top foreign holders, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, and net profit rose in FY26 and in the latest quarter.
This list covers companies with a Vanguard fund listed among its top foreign holders, a return on equity of at least 10 per cent and profit growth in FY26 and in the latest quarter, rising profit in FY26 and the latest quarter, market capitalisation above Rs 1,00,000 crore, and complete, verifiable financials, ranked by market capitalisation. Each company has a market cap above Rs 1 lakh crore. Investors screening Vanguard fund stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 28 October 2026 and are drawn from NSE and BSE data and company filings.
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What Are Vanguard Fund Stocks and Why Do They Attract Multibagger Interest?
Vanguard fund stocks are shares of large companies in which a Vanguard fund, from one of the largest asset managers in the world, is named among the top foreign holders in the latest shareholding pattern. The four here cover private banking, IT services, utility vehicles and hospitals.
When a global index giant like Vanguard holds a notable stake, it shows that the company is large, liquid and well governed enough to earn a place in global portfolios. For Vanguard fund stocks, both FY26 and the latest quarter showed growth. Investors researching Vanguard fund stocks get a fuller picture by reading growth and valuation together. The table below lines up Vanguard fund stocks on size, growth and valuation, using complete FY26 and latest quarter numbers. Past performance does not guarantee future returns, so use Vanguard fund stocks as a starting point for your own research.
Vanguard Fund Stocks at a Glance: Price, Market Cap, PE, ROE and Price to Book
Prices are closing prices as of 28 October 2026. HDFC Bank has the lowest PE of the group at 13.44, while Infosys posts the highest return on equity at 33.24%.
| Stock | CMP (Rs) | Market Cap (Rs Cr) | PE | Industry PE | ROE | Price to Book | 52-Week Range (Rs) |
|---|---|---|---|---|---|---|---|
| HDFC Bank | 685.30 | 11,08,475 | 13.44 | 11.94 | 13.14% | 1.85 | 680.20 to 1,020.50 |
| Infosys | 1,123.15 | 4,30,335 | 14.19 | 18.27 | 33.24% | 4.99 | 980.40 to 1,728.00 |
| Mahindra & Mahindra | 2,869.90 | 3,48,769 | 17.22 | 23.82 | 18.37% | 3.75 | 2,744.30 to 3,839.90 |
| Apollo Hospitals Enterprise | 8,137 | 1,22,091 | 56.21 | 60.75 | 20.48% | 12.88 | 6,696.50 to 9,070.50 |
HDFC Bank: 20.04% Profit CAGR Since FY22
HDFC Bank is India’s largest private sector bank by assets and serves retail, business and corporate customers through a wide branch and digital network. It reported FY26 total income of Rs 4,95,462.81 crore, up 5.21% year on year, and net profit of Rs 79,219.46 crore, up 7.87%. Net profit has compounded at 20.04% a year since FY22, while total income has grown 31.11% a year.
In the September 2026 quarter, total income rose 9.11% to Rs 1,29,358.69 crore and net profit grew 5.76% to Rs 21,537.09 crore. Domestic institutions raised their holding from 36.26% in September 2025 to 43.63% in September 2026. The stock trades at a PE of 13.44 against an industry PE of 11.94, with a return on equity of 13.14%. The dividend yield is 2.16%.
Infosys: Return on Equity of 33.24%
Infosys is a large IT services and consulting company that has built an AI-first offering around its Topaz platform. It reported FY26 revenue of Rs 1,82,972 crore, up 9.83% year on year, and net profit of Rs 29,474 crore, up 10.18%. Net profit has compounded at 7.41% a year since FY22, while revenue has grown 10.23% a year. Operating margin was 25.36% in FY26. The debt-to-equity ratio is 0.10, which keeps interest costs low.
The stock trades at a PE of 14.19 against an industry PE of 18.27, below the sector average, with a return on equity of 33.24%. The dividend yield is 4.52%. In the June 2026 quarter, revenue rose 13.56% to Rs 49,195 crore and net profit grew 12.29% to Rs 7,775 crore. Domestic institutions raised their holding from 39.60% in June 2025 to 42.96% in June 2026.
M&M: 26.58% Profit CAGR Since FY22
Mahindra & Mahindra is one of the largest SUV makers in India and the country’s largest tractor maker, with financial services and electric vehicles in its portfolio. It reported FY26 revenue of Rs 2,02,084.34 crore, up 25.21% year on year, and net profit of Rs 18,621.71 crore, up 32.32%. Net profit has compounded at 26.58% a year since FY22, while revenue has grown 22.04% a year. Operating margin was 21.19% in FY26.
In the June 2026 quarter, revenue rose 27.47% to Rs 59,203.60 crore and net profit grew 37.04% to Rs 5,997.56 crore. The share price has gained 220.52% over five years. Domestic institutions raised their holding from 29.59% in June 2025 to 32.65% in June 2026. The stock trades at a PE of 17.22 against an industry PE of 23.82, below the sector average, with a return on equity of 18.37%.
Apollo Hospitals: Return on Equity of 20.48%
Apollo Hospitals Enterprise runs one of India’s largest hospital networks and also operates pharmacies and a digital health platform. It reported FY26 revenue of Rs 25,420.10 crore, up 15.58% year on year, and net profit of Rs 2,002.70 crore, up 33.06%. Net profit has compounded at 16.13% a year since FY22, while revenue has grown 14.59% a year. Operating margin was 15.80% in FY26.
The stock trades at a PE of 56.21 against an industry PE of 60.75, below the sector average, with a return on equity of 20.48%. In the June 2026 quarter, revenue rose 20.57% to Rs 7,092.30 crore and net profit grew 38.41% to Rs 610.40 crore. The share price has gained 83.08% over five years. Domestic institutions raised their holding from 21.12% in September 2025 to 22.07% in September 2026.
Vanguard Fund Stocks: Financial Comparison on Growth and Margins
The table compares scale and growth across these Vanguard fund stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.
| Stock | Total Income (Rs Cr) | Net Profit (Rs Cr) | Income Growth (YoY) | 4-Year Income CAGR | 4-Year Net Profit CAGR |
|---|---|---|---|---|---|
| HDFC Bank | 4,95,462.81 | 79,219.46 | 5.21% | 31.11% | 20.04% |
| Infosys | 1,82,972 | 29,474 | 9.83% | 10.23% | 7.41% |
| M&M | 2,02,084.34 | 18,621.71 | 25.21% | 22.04% | 26.58% |
| Apollo Hospitals | 25,420.10 | 2,002.70 | 15.58% | 14.59% | 16.13% |
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Institutional Holding in HDFC Bank, Infosys, M&M and Apollo Hospitals
Institutional holding shows who is backing these Vanguard fund stocks alongside the promoter. The table uses the latest reported quarter for each. HDFC Bank has the deepest institutional backing, with FII and DII together holding 83.03% as of September 2026. Domestic institutions increased their holding over the past year in HDFC Bank (from 36.26% to 43.63%), Infosys (from 39.60% to 42.96%), M&M (from 29.59% to 32.65%) and Apollo Hospitals (from 21.12% to 22.07%).
| Stock | Promoter | FII | DII | Public | Quarter |
|---|---|---|---|---|---|
| HDFC Bank | Nil | 39.40% | 43.63% | 16.97% | September 2026 |
| Infosys | 13.82% | 27.09% | 42.96% | 16.13% | June 2026 |
| M&M | 18.45% | 34.89% | 32.65% | 14.01% | June 2026 |
| Apollo Hospitals | 28.02% | 43.18% | 22.07% | 6.72% | September 2026 |
Risks to Weigh in Vanguard Fund Stocks
Being careful with Vanguard fund stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:
- Past growth may not repeat.
- Share prices can move sharply in either direction.
- Valuation: HDFC Bank trades at a PE of 13.44 against an industry PE of 11.94, so earnings need to keep growing to support the price.
- Concentration: Holding all 4 names puts the allocation in one sector, so size each position to match your risk appetite.
How to Choose Between Vanguard Fund Stocks
Picking from Vanguard fund stocks comes down to four checks, applied in order.
- Check asset quality and net interest margin first, then return on equity and price to book. Debt-to-equity does not apply to lenders.
- Compare each PE with the industry PE (11.94 to 60.75) and ask whether the growth rate justifies any gap.
- Track net profit growth, the operating margin and the return on equity in every quarterly result.
- Stagger entries across quarters and review institutional holding every reporting season.
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Conclusion
Among Vanguard fund stocks, HDFC Bank stands out for the lowest PE of the group at 13.44, Infosys for the highest return on equity at 33.24%, M&M for the fastest profit growth, 26.58% a year since FY22 and Apollo Hospitals for the strongest latest-quarter profit growth at 38.41%. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing Vanguard fund stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Vanguard Fund Stocks to Watch
Which are the best Vanguard fund stocks to watch for multibagger potential?
Ans. HDFC Bank, Infosys, M&M and Apollo Hospitals are the 4 names this list highlights, with market caps of Rs 11,08,475 crore, Rs 4,30,335 crore, Rs 3,48,769 crore and Rs 1,22,091 crore respectively. HDFC Bank is notable for the lowest PE of the group at 13.44. Infosys stands out for the highest return on equity at 33.24%. M&M offers the fastest profit growth, 26.58% a year since FY22. Apollo Hospitals brings the strongest latest-quarter profit growth at 38.41%. These are watchlist names for Vanguard fund stocks, not recommendations, so match each one to your own risk profile and time horizon.
Is Infosys a good stock for long-term investors?
Ans. Infosys has a return on equity of 33.24%, a PE of 14.19 against an industry PE of 18.27 and a market cap of Rs 4,30,335 crore. Net profit has compounded at 7.41% a year since FY22, and FY26 revenue rose 9.83% while June 2026 quarter net profit grew 12.29%. Long-term returns in Vanguard fund stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.
Can M&M become a multibagger from here?
Ans. M&M has already gained 220.52% in five years, so another multi-fold move would need sustained earnings growth. A multibagger outcome in Vanguard fund stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 26.58% a year since FY22, and FY26 revenue rose 25.21%. At a PE of 17.22 against an industry PE of 23.82, valuation should be checked against that growth before investing.
What is the market cap of HDFC Bank, Infosys, M&M and Apollo Hospitals?
Ans. As of 28 October 2026, HDFC Bank has a market cap of Rs 11,08,475 crore, Infosys has a market cap of Rs 4,30,335 crore, M&M has a market cap of Rs 3,48,769 crore and Apollo Hospitals has a market cap of Rs 1,22,091 crore. All of them qualify as largecaps. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on Vanguard fund stocks.
What are the risks of investing in Vanguard fund stocks?
Ans. The main risks are market swings, slower growth than expected and valuations that already reflect good news. Companies with strong balance sheets and steady earnings handle these better. HDFC Bank trades at a PE of 13.44 against an industry PE of 11.94, so earnings growth needs to hold up.
Is HDFC Bank trading below its industry PE?
Ans. HDFC Bank trades at a PE of 13.44 against an industry PE of 11.94. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (net profit has compounded at 20.04% a year since FY22 and FY26 revenue rose 5.21%) and balance sheet strength before drawing a conclusion.
How much do institutions hold in HDFC Bank, Infosys, M&M and Apollo Hospitals?
Ans. As of the latest reported quarter, FII and DII together hold 83.03% of HDFC Bank (39.40% and 43.63%), 70.05% of Infosys (27.09% and 42.96%), 67.54% of M&M (34.89% and 32.65%) and 65.25% of Apollo Hospitals (43.18% and 22.07%). Rising institutional holding is a useful signal in Vanguard fund stocks, though it should be read with earnings trends rather than on its own.
