Oil & Natural Gas Corporation Limited
Nippon India Mutual Fund increased its stake in Oil & Natural Gas Corporation Limited from 1.25% to 1.31%, purchasing 8,093,539 shares.
India's largest crude oil and natural gas producer, this company engages in exploration, development, and production of hydrocarbons across diverse geographic regions. Operating both onshore and offshore fields, it supplies a substantial portion of the nation's domestic energy requirements. The company maintains an integrated upstream portfolio spanning multiple basins and plays a critical role in India's energy security and self-sufficiency.
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.