DSP Mutual Fund increased its stake in The Phoenix Mills Limited from 1.48% to 1.62%, buying 5,03,467 shares. The value of the additional shares is approximately ₹108.40 crore, based on a share price of ₹2154.00.
A diversified real estate developer and mall operator, Phoenix Mills constructs and manages commercial and residential properties across India. The company operates retail malls, office spaces, and hotels while providing comprehensive asset management services. Its integrated business model spans retail operations, hospitality ventures, and property development, positioning it across multiple real estate segments in the Indian market.
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.
