Archive · 12 Dec 2025
Mutual Fund Managers Defend High-valuation IPO Bets
Mutual fund managers are explaining why they invest in companies that are selling shares for the first time at high prices, like Lenskart.
They say they do a lot of research and meet the company's leaders before investing.
They also point out that many other big investors are also putting money into these companies.
Some people on social media criticize these investments, but the fund managers say those people might not know much about investing.
The managers also say that if they make a mistake, they could lose money, and so could regular people who invest through them.
Mutual fund managers defended their investments in high-valuation IPOs like Lenskart at the Mint BFSI Conclave in New Delhi.
They emphasized the importance of due diligence and understanding the company's value and story before investing.
Nilesh Shah from Kotak AMC highlighted that respected investors and 147 institutional investors also participated in Lenskart's IPO.
Sundeep Sikka from Nippon Life India Asset Management noted that mutual funds could suffer losses if their investments don't perform well.
The increase in mutual funds investing in IPOs comes as secondary markets in India trade at rich valuations.
- Who
- Mutual fund managers and executives from SBI Mutual Fund, Kotak AMC, and Nippon Life India Asset Management
- What
- Defended their investments in high-valuation IPOs like Lenskart
- When
- During the Mint BFSI Conclave in New Delhi on Friday
- Where
- New Delhi, India
- Why
- To explain their investment strategies and the due diligence process behind subscribing to high-valuation IPOs
- Event
- Mint BFSI Conclave in New Delhi
- Date
- Friday
- Key Speakers
- DP Singh, Nilesh Shah, Sundeep Sikka
- IPO Example
- Lenskart
- Anchor Investors
- 147 institutional investors
- Anchor Investment Amount
- ₹3,268 crore
- Market Context
- 38% increase in mutual funds investing in IPOs