Mutual funds (MFs) are keeping their powder dry to invest in Life Insurance Corporation of India’s (LIC's) initial public offering (IPO) that is expected to hit the market next month.
Industry
MFs to keep powder dry as LIC IPO likely to hit the market next month
As of January 31, top five fund houses held Rs 23,245 crore in cash, or 4% of their total equity assets
 "mutual funds")
Premium
Share prices of SBI Life, HDFC Life, and ICICI Prudential Life have slid 10 per cent, 9 per cent, and 12 per cent, respectively, in the past month.
First Published: Feb 24 2022 | 6:10 AM IST
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