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IndusInd Bank on Thursday said that the holding of HDFC Mutual Fund in the bank has crossed 5 per cent as the fund house purchased an additional 15.92 lakh shares from the market. The stake increase comes a day after IndusInd Bank announced a whopping Rs 2,100 crore discrepancy in accounting with an estimated impact of 2.35 per cent of the bank's net worth. Soon after the disclosure, a massive price correction in the bank's shares was witnessed. The aggregate holding of HDFC Mutual Fund Scheme in IndusInd Bank as of the close of business hours on March 11, 2025, was 5.02 per cent of the paid up equity capital of the company, the bank said in a regulatory filing. Following an additional 0.20 per cent stake purchase, HDFC Mutual Fund through its various schemes had 77.9 crore shares at the end of March 11, it said. Prior to the stake purchase, HDFC Mutual Fund's holding was 4.82 per cent but with an additional share purchase, the holding rose to 5.02 per cent. The filing however did
Fund house says scheme meant for investors seeking 'financially stable and resilient companies with robust balance sheets'
Funds tracks Nifty500 Multicap 50:25:25 Total Returns Index, offering exposure across large, mid, and smallcap stocks
Scheme to take inflows only from existing SIPs, STPs
Nifty100 Low Volatility 30 Index Fund targets large-cap low-volatility stocks within the NIFTY 100 Low Volatility 30 Index
The fund's assets under management at month-end increased to Rs 50,840 crore in March 2024 from Rs 23,128 crore in March 2021
The fund's month-end assets under management (AUM) increased to Rs 50,840 crore in March 2024 from Rs 23,128 crore in March 2021
Jain delves into how the fund is striving to stand out in a competitive market landscape
HDFC Mutual Fund on Thursday bought shares of global digital engineering and technology company Cyient Ltd for Rs 204 crore through an open market transaction. According to the bulk deal data available with the BSE, HDFC Mutual Fund purchased 11.33 lakh shares, amounting to a 1.02 per cent stake in Cyient. The shares were picked up at an average price of Rs 1,800 apiece, taking the deal size to Rs 204.10 crore. After the stake buy, HDFC Mutual Fund's shareholding in Cyient has increased to 2.1 per cent from 1.08 per cent. The details of the sellers could not be ascertained. On Thursday, shares of Cyient fell 0.67 per cent to close at Rs 1,794.30 apiece on the BSE. In a separate transaction on the NSE, Ventureast divested a 1.8 per cent stake in fintech player Zaggle Prepaid Ocean Services for Rs 67 crore through an open market transaction. Bengaluru-based Ventureast through its affiliate Ventureast Proactive Fund LLC offloaded 22.27 lakh shares, amounting to a 1.8 per cent stake
Revenue from operations surges 19% to Rs 2,167 cr
Shares of the Anil Agarwal-led commodity major Vedanta have rallied over 10 per cent in the past one week amid a rally in global metal prices on improved economic outlook for China
Sectoral funds carry higher risk, thus one could take controlled exposure to such funds
IiAS raises concern over lack of clarity on the utilisation of sale proceeds of unit that contributes 75% of revenue
The newly-inaugurated branches are mostly in smaller towns like Angul, Cooch Behar, Hazaribagh, Renukoot and Raebareli
The HDFC Top 100 Fund predominantly investing in large-cap stocks was launched in October 1996, making it one of the longest-running mutual fund schemes in India
HDFC Bank works on open architecture and HDFC AMC's share in the bank's mutual fund business was only 24 per cent
Among the top 10 fund houses, Kotak Mahindra MF and Mirae Asset MF logged the highest growth in retail assets at 70 per cent and 66 per cent, respectively
The operating profit for the quarter was Rs 413 crore, 11 per cent higher than the last year's figure of Rs 374 crore, the AMC said in a press release