IFB Industries Limited
DSP Mutual Fund trimmed its stake in IFB Industries from 4.66% to 4.60%, selling 22,563 shares. The fund now holds 18,64,434 shares in the company.
A manufacturer of household appliances and precision-engineered components established in 1974 through collaboration with Swiss technology partners. IFB produces a diversified range of consumer durables including washing machines, air conditioners, microwave ovens, dishwashers, dryers, modular kitchens, and chimneys. The company also supplies fine blanking components to two-wheeler, four-wheeler, heavy vehicle, and electrical equipment manufacturers across India.
Standalone AMC after DSP Group acquired full ownership from BlackRock in 2018. Manages over Rs 1.9 lakh crore. Known for equity funds with a clear process-first culture and minimal star manager dependency. CEO Kalpen Parekh is widely respected for transparent investor communication. DSP Small Cap Fund and DSP Midcap Fund are flagship offerings.