Avenue Supermarts Limited
Nippon India Mutual Fund now holds 1.23% of Avenue Supermarts Limited, up from under 1%. The fund holds 80,45,558 shares of the company.
A leading national supermarket chain, Avenue Supermarts operates under the DMart brand to deliver value-focused retail across India. The company specializes in food, FMCG, general merchandise, and apparel categories through an extensive network of physical stores. Its distinctive approach centers on affordable pricing and efficient supply chain operations to serve middle and lower-income households seeking everyday essentials at competitive rates.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.