V-Mart Retail Limited
UTI Mutual Fund took a new position in V-Mart Retail Limited, acquiring 8,46,107 shares for a 1.06% stake.
A value retail chain operating across multiple cities in India, V-Mart Retail specializes in affordable fashion, apparel, and lifestyle products for budget-conscious consumers. The company operates through a network of physical stores designed to provide accessible shopping experiences in tier-two and tier-three markets across the country. Its distinctive approach centers on offering quality merchandise at competitive prices through an efficient store format and focused product selection.
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.