Kotak Mahindra Bank stock loss erodes Rs 4,281 crore from mutual funds | RBI | Share market News

As of March 2023, SBI Mutual Fund holds the largest stake in Kotak Mahindra Bank with approximately 7.52 crore shares valued at Rs 13,855 crore, now down to Rs 12,600 crore, losing over Rs 1,200 crore. UTI Mutual Fund, HDFC Mutual Fund, and ICICI Prudential MF follow. UTI MF lost around Rs 486 crore, HDFC MF lost Rs 462 crore, and ICICI Prudential MF lost Rs 461 crore, respectively.

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