Equity MFs invest over a tenth of investments in new listings in 2017

Of the total net investments of Rs 89,000 cr till Sept, fund managers moved a little over Rs 11,300 cr in new listings

India's equity fund managers, flushed with domestic liquidity, have invested a little over a tenth of their total investment in new entities which got listed so far in 2017. It needs to be noted that over the last three years, fund managers have shown quite an active participation in the primary market. The institutional segment of several issuances was solely consumed by mutual funds.

Initial Public Offerings (IPOs) have increasingly been looked after by fund managers who are finding it difficult to pump rising inflows in their existing holdings owing to the higher valuations. IPOs have somewhat proved to be a