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

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.

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.


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First Published: Feb 24 2022 | 6:10 AM IST

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