Domestic mutual funds have significantly increased their exposure to new age internet and technology companies, reaching a total value of ₹1,77,000 Crore at the end of 2025, as per The Economic Times report.
Data shows that mutual funds held shares worth ₹1,77,000 Crore in about two dozen new age companies at December 31, 2025, compared with ₹95,000 Crore a year earlier.
The rise reflects strong buying in firms such as Eternal, Swiggy, Nykaa and PB Fintech, as well as newcomers Lenskart, Groww, Meesho and PhysicsWallah that listed in 2025. Swiggy’s ₹10,000 Crore institutional share sale in December saw fund holdings more than triple during the year.
Eternal, a Nifty 50 constituent, accounted for over 40 % of total mutual fund exposure to new age companies.
On a like‑for‑like basis, excluding 2025 listings, the combined holdings of major funds rose by more than 60% to ₹1,53,000 Crore. This concentration highlights the preference for market leaders within each sub‑segment.
Funds also increased stakes in companies where share prices fell. Ola Electric saw fund ownership rise to 5.54% worth ₹886 Crore, despite a 58% price decline that reduced the value from ₹1,545 Crore the previous year.
In FirstCry, fund holding grew to 14.36% from 9.02%, while the investment value fell 30% amid a 56% share price drop.
Read More: Equity Mutual Fund Inflows Drop 14% MoM to ₹24,028 Crore in January 2026: AMFI Data!
Several new age firms, including Zepto, Oyo, PhonePe and Infra.Market, are preparing IPOs that could raise about ₹50,000 Crore.
Mutual fund participation is expected to remain a key factor in the success of these offerings, influencing anchor allocations and overall market sentiment.
Domestic mutual funds have doubled their holdings in new age startups to ₹1,77,000 Crore, with notable concentration in leading internet firms and selective buying in lower‑priced stocks. Ongoing IPO activity suggests continued institutional involvement.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.
Published on: Feb 11, 2026, 11:14 AM IST
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