HDFC Mutual Fund decreased its stake in Can Fin Homes Limited from 1.17% to 1.09%, selling 102,497 shares. The value of the shares sold was approximately ₹9.56 Cr at ₹933.25 apiece.
A deposit-taking housing finance company registered with the National Housing Bank, Can Fin Homes specializes in providing smaller ticket-sized housing loans to salaried professionals, self-employed individuals, and non-professional borrowers across India. Canara Bank holds a significant majority stake in the company. The firm operates as a dedicated lender focused on affordable housing finance, serving underserved segments of the Indian housing market with customized loan products.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.
