The HDFC Large and Mid Cap Fund which was launched in February 1994 has delivered absolute returns of 21.54% which is slightly higher than the returns given by its benchmark Nifty Large-Midcap 250 Index (TRI) at 20.75%. Its CAGR returns since inception stand at 12.82%.
At the end of Q3FY24, LIC held 340,921,284 shares, representing a 5.19% stake in the Bank. The estimated value of this stake, based on the Thursday closing price of the stock, stands at ₹48,836 crore. With this approval, LIC can now buy an additional 4.8% stake.
Deals in brief: FlyOro secure pre-Series A funding, OKX Ventures backs Polyhedra Network, multiple China and India deals, and more kr-asia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kr-asia.com Daily Mail and Mail on Sunday newspapers.