Mutual funds (MFs) have invested more as anchor investors in initial public offerings (IPOs) this year than foreign portfolio investors (FPIs).
MFs have put in Rs 9,026 crore as anchor money in CY22 compared with Rs 7,105 crore put in by FPIs, data from Prime Database show. This is the first time since 2014 that MFs have invested more than FPIs as anchors. The higher amount in 2014 was on a low base as FPIs and MFs collectively had invested a mere Rs 195 crore, the lowest since 2009.
