HDFC MF raises Aster DM Healthcare stake to over 7% – CNBC TV18

HDFC Mutual Fund has acquired a 2.2% stake in Aster DM Healthcare Ltd through various mutual fund schemes, according to an exchange filing on Friday. Following the transaction, HDFC Mutual Fund’s total shareholding in the hospital chain has increased to just over 7%.

The investment comes amid steady financial performance by Aster DM Healthcare. For the December quarter, the company reported a consolidated net profit of ₹524.5 million on revenue of ₹11.86 billion.

Shares of Aster DM Healthcare ended nearly 1% lower at ₹630.80 on the National Stock Exchange on Friday.

Separately, HDFC Asset Management Company said on February 13 that its flagship HDFC Flexi Cap Fund has crossed ₹1 lakh crore in assets under management (AUM), marking a significant milestone for the scheme.

Launched in January 1995, the HDFC Flexi Cap Fund follows a flexible investment strategy, allowing allocations across market capitalisations and sectors. The fund adopts a research-driven approach aimed at generating long-term wealth for investors.

Navneet Munot, Managing Director and Chief Executive Officer of HDFC Asset Management Company, said the milestone reflects the fund’s three-decade track record across multiple market cycles. He added that the AUM growth is the result of a disciplined investment process and sustained investor participation over the years.

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