HDFC Mutual Fund reduced its stake in JSW Steel Limited from 1.07% to 1.05%, selling 461,386 shares worth ₹57.08 crore at ₹1237.30 apiece. HDFC Flexi Cap Fund, managed by Amit Ganatra, reduced its holdings in JSW Steel in June.
A leading iron and steel manufacturer in India, JSW Steel produces and sells a comprehensive range of steel products for construction, automotive, infrastructure, and industrial applications. The company operates as the flagship business of the JSW Group, a diversified conglomerate with significant interests in energy, infrastructure, cement, paints, and sports. JSW Steel serves both domestic and international export markets through its integrated manufacturing facilities and distribution network.
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.
