IPOs and newly listed stocks can give investors access to companies entering the public markets, but selecting individual stocks requires careful research. Mutual funds focused on this segment offer another way to gain exposure to a basket of such companies. Edelweiss Recently Listed IPO Fund and Mirae Asset BSE Select IPO ETF FoF are two schemes that provide IPO-focused exposure through different investment approaches.
What Are IPO and Newly Listed Stock Mutual Funds?
IPO-focused mutual funds invest in companies that have recently listed on the stock exchanges or are entering the market through IPOs. Such funds can give investors exposure to multiple newly listed companies through a single mutual fund investment. The two schemes differ in their investment approach. Edelweiss Recently Listed IPO Fund follows an actively managed strategy, while Mirae Asset BSE Select IPO ETF FoF provides exposure through an underlying ETF that tracks an IPO-focused index.
1. Edelweiss Recently Listed IPO Fund
The Edelweiss Recently Listed IPO Fund invests in equity and equity-related securities of recently listed companies and companies coming to the market through IPOs. The scheme provides investors with a diversified portfolio of companies from the IPO and newly listed segment.
- NAV: ₹35.55
- AUM: ₹1,230.36Cr
- Expense Ratio:1.13%
- Minimum SIP: ₹100
- Exit Load: 2% (within 6 Months)
- 6 months Return: 34.21%
2. Mirae Asset BSE Select IPO ETF FoF
The Mirae Asset BSE Select IPO ETF FoF takes a different approach to IPO investing. It invests predominantly through the underlying Mirae Asset BSE Select IPO ETF, which provides exposure to companies represented in the BSE Select IPO Index.
- NAV: ₹11.37
- AUM: ₹9.36 Cr
- Expense Ratio: 0.12%
- Minimum SIP: ₹100
- Exit Load: 0.05% (within 15 days)
- 6 months Return: 17.29%
Note: NAV, AUM, expense ratio and exit load data are sourced from Groww. Data is as of 29th September 2026
What Makes These Two Funds Different?
The primary difference is the way the funds select their investments. Edelweiss Recently Listed IPO Fund is actively managed, giving the fund manager flexibility to select companies within the scheme’s investment universe. Mirae Asset BSE Select IPO ETF FoF follows an ETF-based approach, providing exposure to the underlying IPO index. The funds also differ considerably in size and cost. Edelweiss has an AUM of ₹1,230.36 crore and an expense ratio of 1.13%, while Mirae Asset’s AUM is ₹9.36 crore with an expense ratio of 0.12%.
Also Read: SBI FD Offers Up to 7.05% Interest: ₹10 Lakh Can Grow to ₹20.11 Lakh in 10 Years – Check Details
Can IPO-Focused Mutual Funds Be Volatile?
Yes. Newly listed companies can see sharp price movements after listing as investors reassess their valuations, earnings and future growth prospects. IPO-focused funds can therefore experience higher volatility than diversified equity funds, depending on their portfolio composition. The recent returns also show why investors should not assess these funds only on short-term performance.
What Should Investors Check Before Investing?
Investors should consider the fund’s investment strategy, portfolio, costs and risk level before investing. Since newly listed stocks can see sharp price movements, investors should also match the fund with their investment horizon and risk appetite rather than focusing only on recent returns.