Whirlpool of India Limited
SBI Mutual Fund decreased its stake in Whirlpool of India from 3.93% to 3.54%, selling 498,438 shares. The shares were valued at approximately ₹37.56 crore, based on the share price of ₹753.45. SBI Mutual Fund had previously bought a significant stake in Whirlpool of India in February 2024 when Whirlpool Mauritius Ltd, the promoter, offloaded a 24% stake in the company.
A leading manufacturer and marketer of major home appliances in India, Whirlpool produces washing machines, refrigerators, air conditioners, microwave ovens, and kitchen appliances for domestic consumers. The company operates through an extensive distribution network spanning urban and semi-urban markets across the country. Its distinctive strength lies in combining global technology standards with products specifically designed to meet Indian consumer preferences, household needs, and local market requirements.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.