Mirae Asset Mutual Fund increased its stake in FSN E-Commerce Ventures Limited (Nykaa) from 2.45% to 2.64%, purchasing 5,434,775 additional shares. The total value of Mirae Asset Mutual Fund's holding in Nykaa is now ₹2,44,75,417,107 based on the current share price of ₹323.05.
A digitally native consumer technology platform delivering content-led lifestyle retail experiences across beauty, personal care, and fashion segments. The company operates a curated marketplace featuring diverse product portfolios from established brands alongside its own manufactured brands. It combines e-commerce infrastructure with lifestyle content to create an integrated shopping experience for Indian consumers seeking beauty, wellness, and fashion products.
Indian arm of South Korea's Mirae Asset Global Investments, one of Asia's largest asset managers. Manages over Rs 2.5 lakh crore in India across equity and hybrid funds. CIO Neelesh Surana has built a reputation for rigorous bottom-up stock selection with a long-term quality growth bias. Mirae Asset Emerging Bluechip Fund built a cult following before being closed to fresh investments due to size.
