Bajaj Finserv Limited
SBI Mutual Fund reduced its stake in Bajaj Finserv from 2.15% to 1.68%, selling 75,59,979 shares.
A diversified financial services holding company, Bajaj Finserv operates multiple business verticals serving millions of customers across India. The company provides asset financing solutions, general insurance products, life and health insurance coverage, and retirement savings solutions. Operating as the financial services backbone of the Bajaj group, it delivers comprehensive protection and wealth creation solutions to customers across different income segments and life stages.
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.