Life Insurance Corporation Of India
SBI Mutual Fund now holds a 1.23% stake in Life Insurance Corporation Of India, up from under 1% in the prior filing, with 15,50,49,260 shares.
India's largest life insurance provider, offering a comprehensive range of insurance products including participating policies, unit-linked insurance, term insurance, health insurance, and annuity and pension products. The company serves millions of policyholders across the country through an extensive distribution network of agents and offices. It operates as a dominant player in the domestic insurance market with deep market penetration.
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.