DSP Mutual Fund decreased its stake in PNB Housing Finance from 2.31% to 2.08%, selling 584,968 shares. DSP Mutual Fund was noted as a buyer of PNB Housing Finance shares in August 2024 when General Atlantic and Pioneer Investment Fund divested a combined 5.37% stake in the company.
A housing finance company that provides retail customers with home loans, loans against property, and non-resident property financing solutions across India. Promoted by Punjab National Bank, PNB Housing Finance operates in the residential lending market, offering tailored credit products for individual borrowers. The company specializes in affordable housing finance and serves diverse customer segments seeking property-related financing solutions and advisory services.
Standalone AMC after DSP Group acquired full ownership from BlackRock in 2018. Manages over Rs 1.9 lakh crore. Known for equity funds with a clear process-first culture and minimal star manager dependency. CEO Kalpen Parekh is widely respected for transparent investor communication. DSP Small Cap Fund and DSP Midcap Fund are flagship offerings.
