General Insurance Corporation of India
Bandhan Mutual Fund disclosed a 1.06% stake in General Insurance Corporation of India, holding 1,86,15,829 shares, up from under 1% in the previous filing.
A state-owned general insurance company, General Insurance Corporation of India operates primarily in the reinsurance sector, providing risk transfer and claims settlement services to insurers across the country. The company plays a key role in India's reinsurance market by enabling insurers to manage exposure to large and catastrophic losses. It supports the broader insurance ecosystem through its specialized reinsurance operations and underwriting expertise.
Formerly IDFC Mutual Fund, rebranded after Bandhan Financial Holdings acquired IDFC's AMC in 2023. Manages over Rs 1.5 lakh crore. Known for strong debt and liquid funds, plus well-regarded equity offerings including the IDFC-lineage Sterling Value Fund and Focused Equity Fund. One of the cleaner transitions in Indian AMC ownership history.