DSP Mutual Fund decreased its stake in Schaeffler India from 1.50% to 1.36%, selling 217,058 shares worth ₹89.75 Cr at ₹4134.70 apiece.
A leading manufacturer of high-precision bearings and automotive components, Schaeffler India develops and distributes roller bearings, ball bearings, engine systems, transmission components, and clutch systems for the automotive and industrial sectors. The company operates as a vertically integrated manufacturer with in-house machine building capabilities and serves both domestic and global markets through its specialized engineering expertise and advanced manufacturing technologies.
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.
