SBI Mutual Fund entered NHPC Limited with 28.54 Cr shares, representing a 2.84% stake.
A Navratna public sector utility and India's flagship hydroelectric power generation company, NHPC Limited operates under the Government of India. The company generates and sells bulk electricity to power utilities across the nation while providing project management, construction contracts, and consultancy services. Beyond core hydroelectric operations, it engages in power trading activities, diversifying its revenue streams across the energy sector.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.
