NMDC Limited
SBI Mutual Fund decreased its stake in NMDC Limited from 1.75% to 1.27%, selling 4,20,21,604 shares.
A vertically integrated mineral producer, NMDC engages in exploration and production of iron ore and diamonds across multiple mining operations in India. The company manufactures sponge iron from its ore reserves and operates wind power generation facilities to support renewable energy goals. Its diversified portfolio spans mining, mineral processing, and renewable energy sectors, positioning it as a key player in India's natural resource sector.
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.