Maruti Suzuki India Limited
Nippon India Mutual Fund is no longer listed among Maruti Suzuki India Limited's major shareholders, meaning the fund either exited completely or trimmed its previous 1.02 percent holding below the 1 percent public disclosure threshold.
India's leading passenger vehicle manufacturer, Maruti Suzuki designs, produces and sells cars, utility vehicles, components and spare parts across the country. Established in 1981 as a joint venture between the Government of India and Japan's Suzuki Motor Corporation, the company has grown to become SMC's largest subsidiary by production and sales volume. It maintains dominant market position in the Indian passenger vehicle segment through its diverse product portfolio and manufacturing capabilities.
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.