Kotak Mahindra Bank Limited
SBI Mutual Fund increased its stake in Kotak Mahindra Bank from 6.01% to 6.42%, purchasing 41,335,429 shares. The additional stake is valued at approximately ₹1660 Cr at a share price of ₹401.45. SBI Mutual Fund has frequently invested in Kotak Mahindra Bank, with mutual funds deploying an estimated ₹4,089 crore in the bank in March 2026 alone.
A diversified financial services group providing comprehensive banking and financial solutions to retail, corporate, and institutional clients. Its core offerings include retail banking, corporate and treasury banking, investment banking, stock broking, vehicle finance, asset management, life insurance, and general insurance. The company delivers advisory services across its operations and maintains a broad presence in India's financial services sector.
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.