Despite the industry-wide debate over fairness in anchor allotments, data from Meesho’s anchor book suggests that the allocations are too small relative to scheme sizes to materially move fund NAVs. Among domestic mutual funds, the highest anchor exposure was in Invesco Technology Fund, where the allocation accounted for 2.97% of scheme AUM. Motilal Oswal Consumption Fund followed at 2.50%.

Even in SBI Mutual Fund’s case — despite the noise around its larger slice of the anchor book — the most aggressive exposure was in SBI Innovation Opportunities Fund at 1.99% of assets. Other schemes that took positions of over 1% of AUM included Invesco India Consumption Fund, SBI Consumption Opportunities Fund, Franklin India Technology Fund and Motilal Oswal Focused Fund.

Market participants emphas

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