Mutual Fund Investment in IPOs Triples in 2024

Imagine big groups of investors called mutual funds putting a lot of money into new companies selling stock for the first time (IPOs).

In 2024, they tripled their investments in these IPOs.

Even though fewer companies are offering IPOs this year, mutual funds are still investing a lot.

They invested a huge amount in one specific company, Hexaware Technologies.

When mutual funds invest, it often makes regular people feel more confident about investing too.

These investments are locked in for a set period, meaning the funds can't sell their shares right away.