HSBC Mutual Fund added over 0.61% of Mahindra & Mahindra Financial Services in the quarter and now holds 1.61%, representing 2,23,26,487 shares.
A non-banking financial company within the Mahindra Group, it specializes in financing solutions for new and pre-owned automobiles, tractors, commercial vehicles, and construction equipment across India. The company also provides credit facilities to small and medium enterprises. It operates as a dedicated lender focused on vehicle, equipment, and SME financing, serving customers in the automotive, agricultural, and industrial sectors nationwide.
Indian arm of HSBC Asset Management, the investment arm of HSBC Group with over USD 600 billion in global AUM. Manages over Rs 1 lakh crore in India across equity, debt and hybrid schemes. Previously known for integration of L&T Mutual Fund schemes after acquiring it from L&T Finance in 2022, which significantly expanded the franchise.
