Govenment of Singapore
It is a wealth fund which is established by the Government of Singapore. It was formed to manage the funds of the Government of Singapore and invest them globally.
It is a wealth fund which is established by the Government of Singapore. It was formed to manage the funds of the Government of Singapore and invest them globally.
What is the Government of Singapore Investment Corporation?
The (GIC) Government of Singapore Investment Corporation is an investment firm established in 1981. The Singaporean government set it up to manage its sovereign wealth fund. GIC is responsible for managing the portfolio of the Government of Singapore and investing the funds in high-return assets. The Government of Singapore Investment Corporation is one of the three management entities in Singapore, alongside the Monetary Authority of Singapore and Temasek Holdings.
The return generated from the GIC portfolio has helped the Government of Singapore to make further long-term investments and fund its monetary obligations. To put this into perspective, the Government of Singapore portfolio earned an estimated S$23.5 billion in FY24, which enables it to achieve its spending targets.
*S$ refers to the Singapore Dollar
Government of Singapore Portfolio | Investments in Indian Stock Market
As of 31st March 2025, the portfolio of the Government of Singapore Investment Corporation (GIC) consists of 58 stocks aggregating to a total net worth of ₹2,52,029.38 crores. GIC actively manages this portfolio, making strategic adjustments to generate significant returns for the Singapore government's foreign reserves.
The portfolio of the Singapore government is diversified across sectors and industries, with the power sector taking the lead with a 20.2% share. Thereafter, the industries include Banking (16.0%), Finance (10.8%), Automobile (9.0%), Crude Oil (6.9%), Infrastructure (6.0%), and others.
New Changes in The Government of Singapore Portfolio (Last 30 days)
New Additions
In April 2025, GIC added BSE Ltd. to the portfolio of the Government of Singapore. The company bought 18,63,561.00 shares of BSE Limited, representing a 1.38% stake. This stock is currently valued at ₹1,240.7 crores in the Singaporean Government portfolio.
Buying in Existing Holdings
On the buying side, GIC has increased its holdings in its current investments over the last 30 days. These holdings include publicly traded companies such as Reliance Industries, Info Edge Ltd., SRF Ltd., Axis Bank, and other stocks.
Selling in Existing Holdings
The Government of Singapore portfolio has also seen some changes due to selling activities in the existing holdings. GIC has reduced its stake in various Indian companies, including IRB Infrastructures, United Spirits, ICICI Bank, Prestige Estates, Phoenix Mills, and many other stocks.
Top Stocks in the Government of Singapore Portfolio
The Government of Singapore Investment Corporation (GIC) currently holds ownership in 58 publicly traded stocks, which are valued at a total net worth of ₹2,52,045.33 crores. Samhi Hotels, Sapphire Foods, PNB Housing Finance, Sona BLW Precision, and Dr Agarwal Healthcare are the top 5 stocks in the Singapore government's portfolio with more than a 6% stake.
FAQs
Who owns the Government of Singapore Investment Corporation?
The Government of Singapore owns GIC. The government established the GIC in 1981. It is a sovereign wealth fund that manages and invests the foreign reserves of the Singaporean government in various financial instruments.
How much does Singapore invest in India?
Singapore’s total investment in India over the last 20 years is ₹136.653 billion, and it has become the second-largest investor in India for the period from April 2000 to June 2022.
Why does the Government of Singapore invest in India?
The Government of Singapore invests in India to generate returns, allowing it to meet its expenditure requirements. The government takes a long-term position in Indian stocks to earn investment returns and enhance its international purchasing power.
What is the Government of Singapore portfolio?
The Government of Singapore portfolio consists of 58 stocks traded on Indian stock exchanges. These investments are aggregately valued at ₹2,52,045.33 crores. This portfolio is diversified across various sectors of the economy, including power, banking, finance, automobile, crude oil, and others.