ICICI Prudential Mutual Fund has increased its stake in SBI Cards and Payment Services Ltd. to 7.30% through open market purchases. The fund's holdings have risen from 5.18% reported in its previous disclosure, an increase of 2.12 percentage points.
ICICI Prudential Mutual Fund has launched the ICICI Prudential Dynamic Asset Allocation Passive FOF, an open-ended fund of funds scheme that will dynamically invest in units of passive equity and debt-oriented schemes. The New Fund Offer (NFO) opened for subscription on August 26, 2026, and will close on September 9, 2026. The scheme has no entry load, while the minimum subscription amount is Rs 1,000.
HDFC Mutual Fund has disclosed a reduction in its shareholding in Cyient Limited, with its aggregate stake declining to 2.95% of the company's paid-up equity share capital as of August 18, 2026. The mutual fund sold 25,05,419 equity shares through an open market transaction.
Nalanda India Equity Fund Limited has increased its stake in IndiaMART InterMesh Limited through open market purchases, taking its shareholding to 7.71%. The acquisition triggered a disclosure under SEBI's takeover regulations after the fund's holding crossed the prescribed reporting threshold.
SBI Mutual Fund reduced its stake in V-Guard Industries Limited. Now it owns 7.02% of the company down from 9.04%. This change was made under SEBI's rules. The fund's holding decreased by more than 2 percentage points.
ICICI Prudential Mutual Fund has reduced its stake in Gateway Distriparks Limited. It now owns 6.33% of the company, down from 8.34%. This change happened over a year. The fund said it is just investing money and does not want to control the company.