Mutual fund managers defend recent high-valuation IPO bets
The debate over mutual funds subscribing to initial public offerings with high valuations, such as Lenkart’s, may be missing key context, according to executives at fund houses, who said the focus shouldn’t be only on headline valuations but on whether these investments create value for unitholders.
At the Mint BFSI Conclave in New Delhi on Friday,
» Read more about: Mutual fund managers defend recent high-valuation IPO bets »