Cummins India Limited
HDFC Mutual Fund trimmed its stake in Cummins India from 2.07% to 2.04%, selling 76,094 shares.
A subsidiary of US-based Cummins Inc., this company designs, manufactures, and distributes diesel and alternative fuel engines ranging from 2.8 to 100 liters for various industrial applications. It produces power generator sets up to 3000 kW capacity alongside related components and technology. The company serves industrial, commercial, and infrastructure sectors across India through its integrated manufacturing and service operations.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.