Nippon India Mutual Fund holds 58,12,049 shares of Laser Power & Infra Limited, representing a 4.14% stake in the company's first shareholding filing since listing.
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.
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