Kotak Mutual Fund increased its stake in Aditya Birla Sun Life AMC Limited from 1.52% to 1.63%, acquiring 338,769 shares. The additional stake is valued at approximately ₹33.83 crore, based on a share price of ₹998.70.
A joint venture between Aditya Birla Capital and Sun Life AMC, this asset management company provides mutual fund solutions, portfolio management services, and real estate investment offerings to retail and institutional clients. Established in 1994, it operates across domestic and international markets, delivering diversified investment products and wealth management solutions tailored to various investor segments, risk profiles, and financial objectives.
Wholly owned subsidiary of Kotak Mahindra Bank, one of India's leading private banks. Manages over Rs 4.5 lakh crore in AUM. MD Nilesh Shah is a fixture in Indian financial media and one of the most quoted fund managers in the country. Known for disciplined quality growth positioning and clear communication of investment rationale to investors.
