Smallcap World Fund Inc. has raised its stake in Home First Finance Company India Ltd, a housing finance company based in Maharashtra, India, boosting its total holding to over 7.8%.
In a move highlighting growing investor confidence, Smallcap World Fund Inc., a global investment firm renowned for its focus on small-cap equities, has raised its stake in Home First Finance Company India Ltd, a housing finance company headquartered in Mumbai, Maharashtra. The firm primarily serves the affordable housing segment by offering loans to first-time homebuyers in India’s middle- and low-income groups.
On April 30, 2025, Smallcap World Fund acquired an additional 3,023,818 shares, increasing its ownership from 5.61% to 7.81%, which translates to 8,037,518 total shares. This acquisition was made through the open market and reflects the fund’s continued interest in the company’s strong performance and potential for long-term returns.
As of March 2025, promoters held a 12.47% stake in Home First Finance, while public shareholders held 87.53%, with Foreign Portfolio Investors (FPIs) alone accounting for 36.53% of the total holding.
Home First Finance has delivered robust returns over time:
- 18% gain in the past month
- 12% year-to-date (YTD)
- 31% increase over the past year
- 50% return over the last three years
At 11:45 AM on May 8, 2025, the stock was trading 1.25% higher at ₹1,166.60 apiece on the BSE, valuing the company at over ₹12,035 crore.
With this stake increase, Smallcap World Fund solidifies its belief in India’s affordable housing market and the strong financial foundation of Home First Finance.
