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Kotak Mahindra Bank share loss erodes Rs 4,281 crore from mutual funds

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