State Bank of India
HDFC Mutual Fund increased its stake in State Bank of India from 1.74% to 1.77%, acquiring 2,39,44,596 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.
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.