JM Financial Limited
ICICI Prudential Mutual Fund decreased its stake in JM Financial Limited from 1.60% to 1.54%, selling 613,766 shares. The shares were valued at ₹7.94 crore, based on a share price of ₹129.37.
An integrated financial services group, JM Financial operates across multiple segments including mortgage lending, distressed credit resolution, and asset management services. The company provides investment banking solutions and manages private equity funds for institutional and retail clients. Its diversified business model spans lending, credit management, investment advisory, and fund management operations across India's financial services sector.
India's second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.