Business Standard

Mutual funds went big on IPOs: Here're the top buys and sells in July

Among the prominent buys in the mid-cap space were Indraprastha Gas (Rs 942 crore), Aditya Birla Fashion (Rs 272 crore) and Emami (Rs 227 crore)

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Samie Modak Mumbai
Mutual fund (MF) equity schemes received a record Rs 22,583 crore of net inflows in July. This provided money managers plenty of dry powder to invest in the stock markets. According to Abhilash Pagaria, assistant vice-president, Edelweiss Alternative Research, MFs pumped in nearly Rs 6,000 crore in four companies that came out with initial public offerings (IPOs) in July. 

They invested Rs 4,448 crore in Zomato, Rs 1,083 crore in GR Infra, Rs 210 crore in Tatva Chintan Pharma, and Rs 142 crore in Rolex Rings. Market observers say besides applying in IPOs, some fund managers bought more shares in

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First Published: Aug 15 2021 | 8:42 PM IST

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