Nippon India Mutual Fund increased its stake in Prudent Corporate Advisory Services from 1.96% to 2.05%, raising its shareholding from 810,679 to 848,053 shares. The additional 37,374 shares are worth ₹11.48 crore at the current share price of ₹3069.70.
A financial products distributor providing comprehensive retail wealth management services across multiple asset classes and investment vehicles. Prudent Corp offers mutual funds, life and general insurance solutions, stock broking services, SIP with insurance products, and gold accumulation plans to individual investors. The company combines personalized advisory services with digital trading platforms to deliver integrated investment and insurance solutions to its clientele.
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.
