Some mutual funds continued to hold on to new-age internet companies like Zomato, Paytm (One97 Communications), Policybazaar, Nykaa (FSN Ecommerce Ventures) and Cartrade Tech despite their stock prices taking a beating in the past 3-4 months.
Several mutual fund schemes had subscribed to the IPOs of these companies last year. Some of them raised their stakes in these companies after listing.
