State Bank of India
Kotak Mutual Fund increased its stake in State Bank of India from 1.04% to 1.16%. The fund acquired 1,05,47,878 shares, taking its total holding to 10,62,43,064 shares.
India's largest public sector bank, headquartered in Mumbai, provides comprehensive banking and financial services across retail, corporate, and institutional segments. With a history spanning over two centuries, it operates an extensive network of branches and digital platforms serving customers nationwide. The bank offers deposit products, lending solutions, investment services, and insurance offerings. As a government-backed statutory body, it combines regulatory oversight with commercial banking operations, serving as a cornerstone of India's financial system and economy.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.