Old Bridge Mutual FUnd Launches Flexi Cap Fund; Groww Introduces India’s First BSE Hospitals ETF

Old Bridge Mutual Fund has introduced its second equity scheme, the Old Bridge Flexi Cap Fund. The fund will invest across large-cap, mid-cap, and small-cap stocks and follow a bottom-up investment strategy focused on business quality and long-term growth rather than fixed allocation by market size.

The scheme will be managed by Kenneth Andrade, founder and chief investment officer of Old Bridge Asset Management.

Groww Mutual Fund has launched the BSE Hospitals ETF, the first exchange-traded fund in India focused on listed hospital companies. The ETF tracks the BSE Hospitals Index, which selects hospital stocks from the BSE 1000 universe using a diversified, rules-based method.
The launch reflects expectations of rising demand for organised healthcare services driven by higher insurance coverage, growing utilisation, and demographic trends.

BHEL Offer for Sale Sees Strong Demand

Bharat Heavy Electricals Ltd (BHEL) conducted an offer for sale (OFS) that was oversubscribed, with bids for 220.8 million shares against 174 million shares available.

The floor price was set at ₹254 per share, while most bids were placed around ₹256. Despite strong demand in the OFS, BHEL shares fell 5.6% in the secondary market to close at ₹260.7. As of December 2025, the Government of India held a 63.17% stake and is selling 5% through the OFS.

Mixed Response to Recent IPOs

The IPO of Aye Finance, a micro-loan provider, was subscribed 0.97 times, mainly supported by institutional investors on the final day. Retail participation remained weak.

In contrast, Fractal Analytics’ IPO received 2.7 times subscription, while its retail portion saw slightly above full subscription. Both companies had reduced their issue sizes, yet investor response remained cautious.

Read More: Equity Mutual Fund Inflows Drop 14% MoM to ₹24,028 Crore in January 2026.

NIIF Stake Sale in Ather Energy

The National Investment and Infrastructure Fund (NIIF) II sold a 1.92% stake in electric scooter maker Ather Energy for about ₹521 crore. Shares were sold at ₹710 each, with buyers including Tata AIG Life, ICICI Prudential Mutual Fund, and Aditya Birla Mutual Fund.

Conclusion

Recent developments highlight continued activity across India’s financial markets, from new mutual fund and ETF launches to stake sales, OFS participation, and IPO activity. While investor interest remains strong in select opportunities, cautious participation in some offerings suggests a balanced and selective investment approach.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/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. 

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.