Raymond Lifestyle Limited
UTI Mutual Fund increased its stake in Raymond Lifestyle Limited from 1.27% to 2.56%, purchasing 7,81,623 shares.
A fashion and textile company offering branded apparel and clothing products across formal, casual, and ethnic wear segments. Raymond Lifestyle Limited operates through multiple proprietary brands, serving the Indian consumer market with ready-to-wear garments and related fashion services. The company focuses on branded textile solutions designed for diverse consumer preferences and market segments across the country.
India's oldest and most storied asset manager, founded in 1963 as the Unit Trust of India under an Act of Parliament. Now manages over Rs 3.5 lakh crore with backing from four public sector institutions: LIC, SBI, Bank of Baroda, and Punjab National Bank. CIO Vetri Subramaniam is a long-term compounder with a consistent quality tilt and clear articulation of process.