News From Press MFs to keep powder dry as LIC IPO likely to hit the market next month

MFs to keep powder dry as LIC IPO likely to hit the market next month

Source: BS Feb 24, 2022

Mutual funds (MFs) are keeping their powder dry to invest in Life Insurance Corporation of India’s (LIC's) initial public offering (IPO) that is expected to hit the market next month. Industry executives believe that a few large-cap and flexi-cap schemes may choose to hold back the fresh flows they get in the days leading up to the IPO.

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