Union Bank of India
HDFC Mutual Fund, which last reported a 1.42 percent stake in Union Bank of India, is no longer listed among the bank's disclosed shareholders, indicating either a complete sale or a reduction to below the 1 percent reporting threshold.
A public sector bank providing comprehensive banking services across retail, corporate, and government segments in India. Union Bank of India offers merchant banking, agency services, insurance products, mutual funds, and wealth management solutions to individual and institutional clients. The bank operates as a full-service financial institution with a wide network serving diverse customer needs across the country.
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.