Vedant Fashions Limited
SBI Mutual Fund decreased its stake in Vedant Fashions from 3.50% to 3.00%, selling 12,00,000 shares.
A leading player in India's celebration wear market, the company operates a diverse portfolio of brands catering to weddings and festive occasions across multiple consumer segments. It specializes in men's Indian wedding and celebration wear, serving as a comprehensive one-stop destination for various price points and customer preferences. The company holds a dominant position in what remains a largely unorganized market segment in India.
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.