Mutual Funds Can’t Invest In Pre-IPO Placements, Says SEBI: Sources
The clarification was issued to the Association of Mutual Funds in India (AMFI) Mumbai: The capital markets regulator Securities and Exchange Board of India has stopped mutual funds from investing in pre-IPO placements, sources said. Funds can invest only in the anchor investor portion or public issue of an initial public offering (IPO), sources said….