Max Financial Services Limited
UTI Mutual Fund's 1.23 percent position in Max Financial Services Limited has vanished from the latest filing, leaving open whether it was a full exit or a slide beneath the 1 percent line that triggers disclosure.
A leading investment and advisory services company that owns and actively manages a majority stake in Max Life Insurance, one of India's largest non-bank life insurers and fourth largest private life insurance operator. The company provides management advisory services to group entities and nurtures business investments across the Max Group conglomerate, playing a pivotal role in India's insurance sector.
India's oldest and most storied asset manager, founded in 1963 as the Unit Trust of India under an Act of Parliament. Now manages over Rs 3.5 lakh crore with backing from four public sector institutions: LIC, SBI, Bank of Baroda, and Punjab National Bank. CIO Vetri Subramaniam is a long-term compounder with a consistent quality tilt and clear articulation of process.