Several mutual fund schemes exit within a year of listing

Of the total IPOs issued in the last one year, 72 per cent were listed at a premium while 28 per cent opened at a discount.

Topics
Mutual Funds | Indian markets | Markets

A sizeable number of mutual fund schemes that invested in initial public offerings over the past year have not stayed put for the long haul. Of the 1,051 mutual fund schemes that applied for IPOs over the past year ended June 30, only 582 schemes are holding on to the shares post listing.

That means 469, or 45 per cent, of the schemes have exited within a year of listing. Nippon MF had applied for 23 of the 36 IPOs during the period under review, the most among fund houses, the data from domestic brokerage Ventura Securities shows. Of the total IPOs issued over one …

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First Published: Tue, September 07 2021. 18:50 IST