Aavas Financiers Limited
SBI Mutual Fund reduced its stake in Aavas Financiers from 2.84% to 2.01%, selling 6,58,162 shares for ₹97.51 Cr at ₹1481.40 apiece. SBI Mutual Fund exited Aavas Financiers in June, along with other smallcap stocks.
A housing finance company that provides loans and advances to individuals for residential property purchases and construction across India. Operating since its incorporation in 2011, the company focuses on serving customers in tier-2 and tier-3 cities and semi-urban areas where traditional financing options are limited. Aavas Financiers specializes in affordable housing finance with a customer-centric approach to credit delivery and underwriting.
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.