Mahindra & Mahindra Limited
SBI Mutual Fund raised its stake in Mahindra & Mahindra Limited from 2.99% to 3.09%, purchasing 11,43,907 shares to take its holding to 3,77,51,164 shares.
A diversified automobile manufacturer, Mahindra & Mahindra designs and produces vehicles across multiple segments including two-wheelers, three-wheelers, passenger cars, commercial vehicles, tractors, and earthmoving equipment. The company serves both domestic and international markets through its comprehensive product range. Its vertically integrated operations and broad presence across diverse automotive categories distinguish it as one of India's most diversified automobile manufacturers in the sector.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.