Popular Vehicles and Services Limited
HDFC Mutual Fund trimmed its stake in Popular Vehicles and Services Limited from 9.75% to 9.68%, selling 54,143 shares.
An automobile dealer incorporated in 1983, Popular Vehicles and Services operates across vehicle sales, after-sales service, spare parts distribution, and financial services. The company serves customers through retail automobile sales, comprehensive maintenance and repair services, spare parts supply, and insurance commission intermediation. Its integrated dealership model addresses the complete customer lifecycle from initial purchase through ongoing vehicle maintenance and support services.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.