India’s top five mutual funds by Assets Under Management (AUM) invested only in five of the seventeen companies that made their debuts in the IPO heavy month of September, according to data from Prime monthly MF database.

These were Urban Company, iValue Infosolutions, Seshasaai Technologies, Atlanta Electricals, and Anand Rathi Share & Stockbrokers, with sizes in the ranging from Rs 560 crore to Rs 1,900 crore.

According to Yatin Singh, CEO of Investment Banking at Emkay Global Financial Services, “MFs are increasingly putting a size threshold for IPO participation. This is leading to any IPO below Rs 550 – 600 crore not generating the level of MF participation when compared to recent past.”

Four of the top five mutual funds subscribed to Urban Company’s Rs 1,900 crore IPO. SBI Fun

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