HDFC Life Insurance Company Limited
Nippon India Mutual Fund increased its stake in HDFC Life Insurance Company Limited from 1.01% to 1.37%, acquiring 7,856,775 additional shares. The total shares held by the fund now stand at 29,678,078.
A leading life insurance provider in India, HDFC Life Insurance offers individual and group insurance solutions across protection, pension, and savings products. The company serves diverse customer segments through a comprehensive range of insurance and investment offerings, combining risk protection with wealth creation objectives. Operating as a key player in India's life insurance sector, it provides customized coverage options tailored to varying customer needs and financial goals.
India's fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.