Whirlpool of India Limited
Nippon India Mutual Fund increased its stake in Whirlpool of India by acquiring an additional 826,679 shares, bringing its total holding to 10,834,980 shares (8.54%) from 10,008,301 shares (7.89%). Nippon India Mutual Fund has been increasing its stake in Whirlpool of India in recent years. In February 2024, Nippon India Mutual Fund purchased 7.97 lakh shares (0.62%) of Whirlpool of India when Whirlpool Mauritius Limited sold a 24% stake in its Indian unit. They further increased their stake to 7.26% by January 2026 through open market purchases.
A leading manufacturer and marketer of major home appliances in India, Whirlpool produces washing machines, refrigerators, air conditioners, microwave ovens, and kitchen appliances for domestic consumers. The company operates through an extensive distribution network spanning urban and semi-urban markets across the country. Its distinctive strength lies in combining global technology standards with products specifically designed to meet Indian consumer preferences, household needs, and local market requirements.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.