ICICI Prudential Mutual Fund added over 0.63% of Muthoot Finance Limited and now holds 1.63%, or 65,33,145 shares.
A non-banking financial company specializing in gold lending, Muthoot Finance operates predominantly across Southern India through an extensive branch network. The company provides secured loans against gold collateral to retail customers and small businesses. Its distinctive strength lies in combining traditional gold loan operations with modern financial services infrastructure, digital platforms, and efficient customer service delivery across multiple locations.
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.
