MAS Financial Services Limited
Nippon India Mutual Fund increased its stake in MAS Financial Services to 8.23% from 8.03% by purchasing an additional 354,135 shares. Nippon India Mutual Fund was also a major investor in a ₹500 crore Qualified Institutional Placement by MAS Financial Services in June 2024.
A non-deposit taking NBFC registered with the RBI, MAS Financial Services provides retail financing solutions across multiple customer segments in India. The company specializes in offering loans to MSMEs, home buyers, two-wheeler purchasers, and commercial vehicle operators. MAS Financial Services addresses credit needs in underserved markets through customized lending products designed for diverse borrower profiles and use cases.
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.