Most domestic banks such as SBI, ICICI, HDFC, Axis, Kotak, Bank of Baroda and Union among others own mutual funds or have majority stakes in these asset managers. The extent to which these banks sell products of their subsidiary mutual funds vary from 25% to over 95%, according to industry estimates.
Nestle India, Cochin Shipyard among top 10 stocks that LIC bought in Q3
LIC’s share by value in NSE-listed companies decreased to 3.51% in Q3 FY25, down from 3.59% in Q1 FY25, according to data from primeinfobase.com, an
February 5, 2025