SBI Life Insurance Company Limited
HDFC Mutual Fund reduced its stake in SBI Life Insurance Company Limited from 4.16% to 4.04%, selling 11,92,705 shares.
A leading life insurance provider in India, SBI Life Insurance offers comprehensive life insurance and annuity products to individual and corporate customers nationwide. The company operates as a joint venture between State Bank of India and BNP Paribas Cardif S.A., combining India's domestic banking expertise with international insurance experience. SBI Life serves millions of customers through an extensive distribution network spanning the country.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.