HDFC Bank Limited
HDFC Mutual Fund increased its stake in HDFC Bank Limited from 2.98% to 3.05%, acquiring 10,507,277 shares. The value of this transaction was approximately ₹766 Cr at a price of ₹729.00 per share. Mutual funds collectively increased their holding in HDFC Bank from 29.54% in March to 30.62% in June.
One of India's largest private sector banks, HDFC Bank operates as a comprehensive financial services provider headquartered in Mumbai. The bank offers retail banking, wholesale banking, and treasury operations across the country. It maintains a strong presence through its extensive branch network and digital banking platforms, serving individual and corporate customers with a range of deposit, lending, investment, and advisory products tailored to diverse financial needs.
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.