HDFC Mutual Fund has increased its investment in Wakefit by acquiring 30 lakh shares through open market transactions, as reported by Inc42 Media. The mutual fund, which includes schemes such as HDFC Children’s Fund, HDFC Consumption Fund, and HDFC Small Cap Fund, made the purchase on Monday, raising its stake in Wakefit from 4.52% to 5.43%.
With Wakefit’s closing price on March 23 at ₹155, HDFC Mutual Fund invested ₹46.5 crore to increase its shareholding. The acquisition signifies HDFC Mutual Fund’s continued interest in Wakefit, a company that made its stock market debut in December 2025.
HDFC Mutual Fund had already demonstrated its confidence in Wakefit by being a significant anchor investor during its IPO, subscribing to shares worth ₹62 crore. This further underlines the market’s confidence in Wakefit’s business model.
Source: Inc42 Media