Marico Limited
HDFC Mutual Fund trimmed its stake in Marico from 2.51% to 2.48%, selling 391,118 shares.
A leading consumer goods company, Marico operates across beauty and wellness categories with a significant presence in over 25 countries spanning Asia and Africa. The company develops and markets brands across hair care, skin care, edible oils, healthy foods, male grooming, and fabric care products. Its diversified brand portfolio and strong footprint in emerging markets distinguish it within India's consumer defensive sector.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.