Nippon India Mutual Fund raised its stake in Can Fin Homes Limited from 1.67% to 1.68%, buying 17,071 shares.
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.
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.
