Nippon India Mutual Fund increased its stake in Schaeffler India Limited from 1.00% to 1.02%, raising its holding from 1,565,656 to 1,598,316 shares. This change in position is valued at approximately ₹132 crore based on the current share price of ₹4134.70.
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.
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.
