India, April 16 -- Domestic Funds Double Down On Indian Startups

Indian mutual funds and AIFs have stepped in to back Indian startups as foreign investors take a back seat due to geopolitical tensions. Domestic mutual funds (MFs) are cushioning the blow and increasing their exposure to giants like Eternal and Paytm. 

Eternal's Shot In The Arm: Foreign portfolio investors slashed their holdings in Eternal from 47.3% to 32.6%, marked by the total exits of the Kuwait Investment Authority and Antfin Singapore. Countering this were domestic giants like SBI Mutual Fund and HDFC Mutual Fund, which built sizeable positions exceeding 3.5% each in the company. 

Giants like Motilal Oswal and Aditya Birla Sun Life also added fresh exposu...