DSP Mutual Fund said it invested in Lenskart’s IPO based on business strength and promoter trust, while acknowledging high valuations. (Photo Source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

DSP Mutual Fund has defended its decision to invest in Lenskart’s initial public offering after facing criticism on social media and several investors over the eyewear retailer’s valuation.

The fund house said it usually does not comment on individual stocks, but decided to clarify after questions and concerns were raised online about its participation in the IPO’s anchor allotment. Several users on X criticised the offer price and called for boycotts of mutual funds that bought shares in the issue.

In a post on X, DSP said it remains disciplined in its approach t

See Full Page