SBI Mutual Fund decreased its stake in VIP Industries Limited from 7.91% to 6.79%, selling 1,604,022 shares.
A leading manufacturer and marketer of luggage, bags, and travel accessories in India, VIP Industries designs and produces a comprehensive range of products for domestic and international markets. The company operates across multiple product categories including hard-sided and soft luggage, backpacks, and travel gear for various consumer segments. Known for its established distribution network and strong brand presence, the company serves both retail and institutional customers through diverse sales channels and partnerships.
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.
