Mutual funds make the most of IPOs

Godrej Agrovet shares ended their debut on markets with 29% gain over issue price. Prataap Snacks is up 28% in a few days of listing. Dixon Technologies has zoomed 51% already. Retail investors going the mutual fund way need not feel jealous about peers making a killing in hot IPO listings. Mutual fund managers have made their share of money by investing in public issues that have witnessed stellar post-listing gains. While short-term listing gains should not be the motive for long-term MF investors, funds through their stock selection process ensure that easy pickings are not missed.