Smart Money Alert

Axis Bank Limited

DecreasedQuarterly

AXISBANKPrivate Sector BankMarket Cap₹3.8L Cr

Stake

1.77% → 1.55%

Kotak Mutual Fund

Mutual Fund

The move

Kotak Mutual Fund decreased its stake in Axis Bank Limited from 1.77% to 1.55%, selling 5,161,133 shares. The shares are worth ₹638.05 Cr at ₹1236.00 apiece.

About Axis Bank Limited

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A private sector bank incorporated in 1993, this institution provides comprehensive banking and financial services across India. It operates the third-largest branch network among private banks in the country and maintains a significant international presence through branches in Dubai and Singapore, along with representative offices in Abu Dhabi, Sharjah, Dhaka and Dubai, complemented by an offshore banking unit in GIFT City.

About Kotak Mutual Fund

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Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.

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More moves in Axis Bank Limited

HDFC Mutual FundDecreased

HDFC Mutual Fund reduced its stake in Axis Bank Limited from 5.08% to 4.88% by selling 1,004,875 shares. This stake, worth ₹124.2 Cr, crosses the 5% disclosure threshold.

19 Jul 2026

SBI Mutual FundDecreased

SBI Mutual Fund decreased its stake in Axis Bank Limited from 5.86% to 5.24% by selling 13,429,372 shares. The value of shares sold was ₹1,65,99,75,419.52 at ₹1236.00 per share.