SBI Mutual Fund

India’s banking regulator has approved SBI Mutual Fund’s proposal to acquire a stake in Bandhan Bank, marking an important regulatory milestone for both institutions. The clearance from the Reserve Bank of India (RBI) allows the country’s largest mutual fund house to deepen its exposure to the private banking space. The move is being closely watched by investors, as it reflects growing institutional confidence in Bandhan Bank’s long-term fundamentals amid ongoing efforts to strengthen governance, asset quality and growth prospects.

Belrise Industries has attracted a significant capital infusion from SBI Mutual Fund and global asset management giant BlackRock, underscoring rising investor confidence in India’s manufacturing and automotive components ecosystem. The investment highlights strong institutional appetite for companies aligned with domestic manufacturing, supply-chain localization, and long-term industrial growth. While financial terms were not publicly disclosed, the transaction is viewed as a strategic endorsement of Belrise’s business model, operational scale, and growth prospects.

SBI Mutual Fund, one of India’s leading asset management companies, has begun formal preparations for its long-anticipated initial public offering by initiating the search for merchant bankers. The move marks a pivotal step toward unlocking value for shareholders and expanding the company’s market footprint. As the country’s mutual fund industry continues to scale rapidly, SBI Mutual Fund’s decision comes at a time of strong retail participation and increasing institutional interest in capital-market-linked products.

In a significant development ahead of its much-anticipated public offering, Lenskart has secured investment from SBI Mutual Fund in its pre-IPO funding round. The eyewear giant, valued at over USD 5 billion, continues to attract strong institutional interest as it prepares for a market debut expected in 2025. The investment by SBI MF—India’s largest mutual fund house—underscores growing investor confidence in Lenskart’s scalable business model, robust profitability trajectory, and global expansion plans.

In a significant move on Wednesday, Hong Kong-based hedge fund WFM Asia divested a 2.84% stake in Star Health and Allied Insurance Company for approximately Rs 701 crore through an open market transaction. The deal saw over 1.66 crore equity shares being offloaded at an average price of Rs 420.03 per share, marking a key reshuffling in the company’s investor base. Simultaneously, SBI Mutual Fund acquired a similar-sized stake in the health insurer, investing nearly Rs 690 crore for over 1.64 crore shares.