Minda Corporation Limited
Axis Mutual Fund added over 4.99% of Minda Corporation Limited and now holds 5.99%, or 1,43,30,929 shares, crossing the 5% disclosure threshold.
A leading automotive component manufacturer in India with a pan-India presence and international operations. Minda Corporation produces electrical, lighting, and mechanical components for two-wheelers, three-wheelers, commercial vehicles, and passenger cars. The company operates as the flagship entity of Spark Minda and serves major original equipment manufacturers across multiple vehicle segments through advanced manufacturing facilities and quality systems.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.