Power Finance Corporation Limited
SBI Mutual Fund made a new entry into Power Finance Corporation Limited with 3,48,82,426 shares, representing a 1.06% stake worth ₹1412.28 Cr.
A systemically important non-deposit taking NBFC registered with the RBI as an Infrastructure Finance Company, this organization extends financial assistance to India's power sector. The company specializes in providing structured financing for power projects across generation, transmission, and distribution segments. It operates as a dedicated financier supporting development of critical power infrastructure and energy projects nationwide.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.