Bandhan Bank Limited
HDFC Mutual Fund increased its stake in Bandhan Bank Limited from 1.61% to 1.99%, purchasing 61,36,716 shares. The fund house now holds 3,21,37,767 shares of the private sector lender.
A private sector bank incorporated in 2014, Bandhan Bank operates across India with a focus on serving underbanked and underpenetrated markets. The company offers a comprehensive range of banking products and services including micro banking, retail deposits, and general banking solutions tailored for underserved customer segments. Its distinctive approach centers on financial inclusion through accessible credit and liability products designed for smaller businesses and retail customers.
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.