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Mutual funds pick fewer IPOs but deliver bigger returns in the first half of 2026
Mutual funds have turned more selective in India's IPO market, participating in only 19 of the 28 public issues in the first half of 2026, according to Prime Database. Despite bidding less, their stock selection has outperformed. Ten of the 11 IPOs led by mutual funds are trading above their issue price, with Omnitech Engineering surging 133%. As mega IPOs such as NSE, Jio and SBI Funds line up in the second half, investors will be watching whether mutual funds continue their disciplined approach or increase participation.Disclosure: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.
Banking sector key to realising Viksit Bharat vision: SBI Chairman C S Setty
SBI is set to play a key role in India's growth. The bank is focusing on a 'Digital First, Customer First' strategy. Investments in technology, data, and AI will create a responsive banking ecosystem. SBI aims to deliver personalized experiences across all channels. Physical branches will integrate with digital platforms for an omni-channel approach.