HDFC Asset Management Company Limited

SBI Mutual Fund bought 50,22,739 shares, representing a 1.17% stake, in HDFC Asset Management Company Limited. This marks a new position for SBI Mutual Fund in the company.

A leading fund management company in India, HDFC Asset Management provides investment and wealth management services across mutual funds and other asset classes. Established in 1999, the company offers diversified investment solutions to retail and institutional clients through a range of equity, debt, and hybrid schemes. It operates as a subsidiary of HDFC Bank, leveraging the parent's extensive distribution network and customer base to deliver comprehensive financial products and services.

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.