Canara Robeco Asset Management Company Limited
HSBC Mutual Fund decreased its stake in Canara Robeco Asset Management Company Limited from 1.22% to 1.01%, selling 420,408 shares for ₹11.15 Cr at ₹265.16 apiece.
An asset management company that manages mutual funds and provides investment advisory services to retail and institutional clients across India. Incorporated in 1993, the company operates by offering diversified fund schemes spanning equity, debt, and hybrid categories. It serves investors seeking professional portfolio management and wealth creation solutions through various investment products and strategic financial guidance tailored to different risk profiles.
Indian arm of HSBC Asset Management, the investment arm of HSBC Group with over USD 600 billion in global AUM. Manages over Rs 1 lakh crore in India across equity, debt and hybrid schemes. Previously known for integration of L&T Mutual Fund schemes after acquiring it from L&T Finance in 2022, which significantly expanded the franchise.