{
  "id": 979094,
  "title": "Mutual funds deployed over Rs 9,700 crore across 11 IPOs in July. Check key details",
  "url": "https://urgent.news/2026/08/15/mutual-funds-deployed-over-rs-9-700-crore-across-11-ipos-in-july",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-15T06:07:44.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/mf/analysis/mutual-funds-deployed-over-rs-9700-crore-across-11-ipos-in-july-check-key-details/slideshow/133257330.cms"
  },
  "original_language": "en",
  "account": "In July 2023, mutual funds across India deployed a substantial amount of capital, totaling nearly Rs 9,789 crore, into eleven Initial Public Offerings (IPOs). The data provided by Prime Database offers a detailed breakdown of these investments.\n\nLeading the investments was the INDO-MIM IPO, where mutual funds poured in Rs 3,622 crore, with their portfolios holding 4.66 crore shares. Following closely was the SBI Funds Management IPO, which saw Rs 2,344 crore invested, resulting in a portfolio of 3.97 crore shares.\n\nThe Manipal Health Enterprises IPO also attracted significant interest from mutual funds, with investments amounting to Rs 1,652 crore and a portfolio of 2.80 lakh shares. Lohia Corporation IPO captured Rs 723 crore from mutual funds, leading to a portfolio of 1.35 crore shares.\n\nMoreover, mutual funds held a combined 82.50 lakh shares in Kusumgar and 1.33 crore shares in Laser Power & Infra. Other investments included Rs 393 crore in the Juniper Green Energy IPO, with 1.74 crore shares in the portfolio. Additionally, mutual funds had 47.46 lakh shares in Knack Packaging and 12.35 lakh shares in MV Electrosystems.\n\nSmaller investments were made in the IPOs of Caliber Mining & Logistics and Xtranet Technologies. Specifically, Rs 25 crore was invested in the former, resulting in a portfolio of 4.49 lakh shares. Similarly, Rs 4.98 crore was allocated to the latter, leading to a portfolio of 3.93 lakh shares.",
  "summary": "Mutual funds invested nearly Rs 9,789 crore across 11 IPOs in July, with INDO-MIM attracting the highest allocation at Rs 3,622 crore, followed by SBI Funds Management and Manipal Health Enterprises, highlighting strong institutional appetite.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Top News",
        "title": "KFin Technologies among top 5 smallcap stocks that saw highest mutual fund buying in July",
        "url": "https://urgent.news/2026/08/15/kfin-technologies-among-top-5-smallcap-stocks-that-saw-highest-mutual",
        "published": "2026-08-15T06:51:45.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}