From Flipping to Averaging, MFs’ Love Affair with Nykaa at Exorbitant Valuations
Moneylife Digital Team 25 January 2023
The post-COVID rally in equity markets brought an initial public offer (IPO) fever which has led to erosion of wealth for many retail investors who invested in IPOs directly or through their mutual funds (MFs). The year 2021 witnessed the highest-ever amount raised by companies collectively in any calendar year through IPOs—over Rs1.3 lakh crore.
Equity MF schemes are products developed by...
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