Mutual Fund inflows likely to prop up upcoming Insurance IPOs

The five mega insurance IPOs which are in the pipeline for 2017 may immensely benefit from the burgeoning mutual fund inflows, as a top investment industry executive expects 5-7 per cent of the funds invested in the financial services space at present to move to the insurance sector. “Insurance is a space where we have not seen much IPOs or any form of paper come to the market. Mutual funds are actually wondering where to deploy this collection. And it will be a great fit to what they want to do,” S Ramesh told CNBC TV18 in an interview on Wednesday.

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