Dixon Technologies (India) Limited
Nippon India Mutual Fund trimmed its stake in Dixon Technologies (India) Limited from 3.70% to 2.91%, selling 4,80,856 shares.
An electronic manufacturing services company that designs and produces consumer electronics, mobile phones, lighting products, home appliances, and CCTV cameras for domestic and international markets. Dixon Technologies operates reverse logistics operations and manufactures security surveillance equipment, wearables, and audio-visual components. The company recently formed a joint venture to develop and manufacture wireless audio solutions in India, expanding its product portfolio.
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.