Kotak Mahindra Bank Limited
HDFC Mutual Fund increased its stake in Kotak Mahindra Bank from 3.46% to 3.51%, acquiring 5,697,124 shares. The approximate value of these shares is ₹228.78 crore, calculated using the share price of ₹401.45.
A diversified financial services group providing comprehensive banking and financial solutions to retail, corporate, and institutional clients. Its core offerings include retail banking, corporate and treasury banking, investment banking, stock broking, vehicle finance, asset management, life insurance, and general insurance. The company delivers advisory services across its operations and maintains a broad presence in India's financial services sector.
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.