Domestic mutual funds beef up exposure to new-age startups, hold $8 billion in 12 stocks

On the back of a new-age IPO wave and the broader rise in stock markets, domestic mutual funds now hold stocks worth over $8 billion, or around Rs 69,000 crore in a dozen new-age companies. The rising exposure by mutual funds in new-age companies assumes significance, given the growing influence of this institutional investor class during the pre-IPO rounds, industry insiders said.
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