Experts question the rationale of some MF schemes investing in Zomato IPO

Among the larger funds, only DSP MF and Invesco MF have not participated in the anchor book

Market observers have flagged concerns over investments by certain categories of mutual fund schemes in Zomato's initial public offering (IPO).

Nineteen MFs through a total of 74 schemes -- that include a mix of large, mid- and small-cap funds as well as value, balanced advantaged, hybrid and dividend yield funds - have put in money in the company as anchor investors. 

Experts have questioned the rationale behind the latter set of funds buying into the IPO, saying such funds are typically meant for conservative investors and Zomato appears to be a high-risk bet that could gyrate wildly on listing.

"Historically,