Mutual funds are not only targeting young investors but also investing in budding companies with bright future on SME exchanges.
The recent sharp run-up in valuation of small- and mid-cap companies has forced mutual funds to consider initial public offers on the SME platform.
For the first-time ever, HSBC Midcap Equity Fund and YES Bank have invested ₹12 crore as anchor investors in the IPO floated by One Point One Solution, a Thane-based business process management company. Given the marque anchor investor participation, the issue was subscribed 84 times and received over ₹2,600 crore against the offer size of ₹44 crore, according to NSE Emerge data. .
