DSP Mutual Fund trimmed its stake in Jindal Steel Limited from 1.06% to 1.02%, selling 484,337 shares.
One of India's leading steel producers, Jindal Steel manufactures a comprehensive range of steel products serving construction, automotive, infrastructure, and industrial sectors. The company operates integrated steel facilities and maintains significant presence in mining operations across India. Through international subsidiaries, it has expanded operations to multiple countries in Africa and the Asia-Pacific region, establishing a global footprint.
Standalone AMC after DSP Group acquired full ownership from BlackRock in 2018. Manages over Rs 1.9 lakh crore. Known for equity funds with a clear process-first culture and minimal star manager dependency. CEO Kalpen Parekh is widely respected for transparent investor communication. DSP Small Cap Fund and DSP Midcap Fund are flagship offerings.
