Bandhan Mutual Fund increased its stake in Cholamandalam Financial Holdings from 2.33% to 3.01%, acquiring 1,280,678 shares. This increased Bandhan Mutual Fund's total holding to 5,651,763 shares. The transaction value was approximately ₹198.26 crore, calculated at the share price of ₹1548.40. Bandhan Small Cap Fund alone increased its holding in Cholamandalam Financial Holdings by 42% in July 2026.
A core investment company registered with the RBI, this entity operates within the Murugappa Group and provides a diverse range of financial products and risk management services to individual and corporate customers. It leverages its integrated financial services platform through group companies to deliver comprehensive solutions across insurance, investment, and financial advisory segments, serving clients nationwide.
Formerly IDFC Mutual Fund, rebranded after Bandhan Financial Holdings acquired IDFC's AMC in 2023. Manages over Rs 1.5 lakh crore. Known for strong debt and liquid funds, plus well-regarded equity offerings including the IDFC-lineage Sterling Value Fund and Focused Equity Fund. One of the cleaner transitions in Indian AMC ownership history.