Sir.
There was a news item that LIC picked up a large chunk of HAL IPO, when it was not fully subscribed by the public.
My query is , IS there any ruling / direction by the govt, that MF Houses HAVE to park some corpus into some companies/ sectors (PSU s etc).? If so how can one find out the details ?
ANAND
1 Answers
Hi,
There is no such mandatory norms or rules for MFs / LIC to pick up investments through secondary or IPO markets. It all depends on their respective investment strategies and mandates.
LIC generally comes to rescue in case of PSU IPOs or dis-investments, if such issues have low demand from the public.
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