Tata Mutual Fund has made a significant investment in Mufin Green Finance, acquiring ₹37.36 crore worth of equity shares through a bulk deal. According to reports from LiveMint, the mutual fund purchased 33,00,000 shares at ₹113.23 per share on April 22, 2026. Following the transaction, the stock rose 1.3% to its day's high of ₹118.47 on the BSE on April 23, reflecting strong market confidence in the electric vehicle financing company.
The investment landscape for Mufin Green Finance shows contrasting fund manager activity, with Tata Mutual Fund acquiring a 1.66% stake while other institutional investors have taken profit. As reported by Market Mojo, Incofin India Progress Fund sold its 0.75% holding worth ₹17.49 crore at ₹116.65 per share, indicating mixed sentiment among institutional investors. The company's high P/E ratio of 98-116x and relatively low Return on Equity of 5.88% as of April 14, 2026, are raising valuation concerns among market participants.
Mufin Green Finance is a listed non-banking financial company specializing in financing electric mobility and related infrastructure. As reported by LiveMint, the company's portfolio includes loans for electric two-wheelers, three-wheelers, and four-wheelers, along with charging infrastructure and associated assets. The company primarily serves retail customers, fleet operators, and small businesses, maintaining a strong presence in Tier 2 and Tier 3 markets. To date, it has financed EV assets worth over ₹350 crore and has expanded into insurance premium financing, disbursing approximately ₹970 crore in insurance-linked loans.
From a stock performance perspective, Mufin Green Finance has delivered exceptional returns across multiple timeframes. As reported by LiveMint, the small-cap stock has risen approximately 75.78% over the past year, significantly outperforming the largely flat movement in the Nifty 50 during the same period. The company, which got listed on the NSE on November 6, 2023, currently has a total market capitalisation of ₹2,040.67 crore. It has soared 74% in the last 1 year and has given multibagger returns, surging 3400% in 5 years. The stock has also been on an uptrend in the near term, advancing 18% in 1 month and 23% in 6 months.
