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Dozen debuts in mutual fund's July portfolio: Check out the stocks and suitors

Money ControlMoney Control · 4m
Dozen debuts in mutual fund's July portfolio: Check out the stocks and suitors

Mutual funds have shown active investment in newly-listed companies' anchor books in addition to bidding in initial public offerings (IPOs). In July, significant mutual fund investments were made in Emcure Pharmaceuticals, Bansal Wire Industries, and Pearl Global Industries. Emcure Pharmaceuticals received the highest investment, with mutual funds purchasing 6.59 million shares worth Rs 860 crore. Other newly-listed companies that attracted mutual fund investments include Akums Drugs & Pharma, Entero Healthcare Solutions, Sanstar, and R Systems International. In contrast, mutual funds exited positions in Vascon Engineering, Borosil Scientific, Siyaram Silk Mills, and Shilchar Technologies.

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