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India Market Mutual Fund

Top MFs buy IPOs, smallcaps to add extra zing to their portfolios

Sumary of Top MFs buy IPOs, smallcaps to add extra zing to their portfolios:

  • Fund houses were also seen entering and exiting a host of midcap and smallcap stocks in the Budget month, data showed…
  • Industry-wise, RailTel Corp IPO (Rs 282.35 crore) was a hit among the mutual funds, followed by MTAR Tech (Rs 100.14 crore), Suryoday Small Finance Bank (Rs 60 crore), Heranba Industries (Rs 37.50 crore) and Nureca (Rs 9.82), data compiled by IDBI Capital showed…
  • ETMarkets.com Besides, the fund house bought Rs 243 crore worth shares in manufacturer of welding equipment maker Esab India and Rs 23 crore worth of shares in engineering solutions company Shreno…
  • SBI Mutual Fund, whose equity AUM grew 6.8 per cent in February, completely exited ABB Power (Rs 33 crore), Thyrocare Tech (Rs 28 crore), Tata Metaliks (Rs 11 crore) and Fairchem Organics (Rs 7.7 crore)…
  • In all, the fund house, which manages equity assets worth Rs 2,62,437 crore, entered six new stocks while exiting four…
  • ICICI Prudential AMC, with Rs 1,57,529 crore in equity assets, also betted on RailTel IPO with a Rs 38 crore exposure…
  • The fund house invested Rs 34 crore in the NYSE-listed Accenture and took some exposure to Wonderla Holidays and Solara Active Pharma….

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