DIPAM secretary urges mutual funds to include PSU stocks in their portfolio

India's divestment secretary on Wednesday urged private firms to declare fair dividends to minority shareholders and asked mutual funds to include public sector undertaking stocks in their portfolio.

State-run firms gave a record dividend of 1.5 trillion rupees ($17.33 billion) in financial 2025, the secretary said, adding that the government received 740.17 billion rupees from the public sector undertaking stocks as dividends during the period. ($1 = 86.5800 Indian rupees)