In recent times, mutual funds have faced some criticism for investing in IPOs of new-age start-ups despite the lack of track record and poor financials. What are the factors for selecting an IPO and are mutual funds taking extra risk by investing in IPOs? Moneycontrol spoke to Bharat Lahoti, Co-Head-Hybrid and Solutions Funds at Edelweiss Mutual Fund for answers. Listen in
"In thematic funds, investors often enter at the wrong time and often join after a period of high returns and get disappointed. With this move, we want to encourage investors to invest systematically and even out volatility," said Radhika Gupta, CEO of Edelweiss Mutual Fund.
Edelweiss Recently Listed IPO Fund is an open-ended equity scheme following the investment theme of investing in recently listed 100 companies or upcoming Initial Public Offer (IPOs).
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