45% MUTUAL FUND PLANS DIDN’T KEEP IPO BUYS FOR A YEAR

A sizeable number of mutual fund schemes that invested in IPOS over the past year have not stayed put for the long haul. Of the 1,051 mutual fund schemes that applied for IPOS over the past year ended June 30, only 582 schemes are holding on to the shares post listing. That means 469, or 45 per cent, of the schemes have exited within a year of listing. Nippon MF had applied for 23 of the 36 IPOS during the period under review.