HDB Financial Services Limited
SBI Mutual Fund increased its stake in HDB Financial Services from 1.04% to 1.14%, acquiring 8,77,947 shares. The fund now holds 94,75,963 shares of the company.
A retail-focused non-banking financial company that provides lending products and business process outsourcing services across India. Operating through three business verticals, Enterprise Lending, Asset Finance, and Consumer Finance, it serves diverse customer segments with tailored credit solutions. Incorporated in 2007, the company has established itself as one of India's largest NBFCs, specializing in accessible financial services for retail and corporate clients.
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.