HDFC Mutual Fund disclosed a 1.22% stake in LIC Housing Finance Limited, holding 67,18,138 shares as its name appeared in the latest shareholding filing, up from under 1% in the prior quarter.
A housing finance company registered with the National Housing Bank, LIC Housing Finance provides loans for residential property purchase and construction to individuals and developers. The company also offers project financing to developers, loans against property, lease rental discounting for commercial properties, and financing for commercial shop and showroom purchases. It serves India's real estate market across multiple segments and borrower categories.
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.
