Equity MFs invest Rs 3,380 cr in IPOs in December

Equity mutual funds continued to deploy funds in initial public offerings (IPOs) of companies during the month of December, despite weakness across the secondary markets amid weak global sentiment. However, the investments saw a drop from Rs 4,050 crore deployed in November to Rs 3,380 crore in December. The interest among Indian investors for Indian equities, positive returns, and the IPO frenzy in 2021 have primarily led to consistent investments by mutual funds in IPOs, said experts.

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