India’s IPO boom has turned unforgiving: out of 198 IPOs since 2024, only 64 are still trading in the green and just 35 have delivered sustained gains. With the IPO index down about 8%, the data shows that quick enthusiasm often collapses when market cycles shift, leaving many early buyers stuck with losses.
ICICI Prudential’s Thematic Advantage Fund of Fund will be reclassified as an Aggressive Hybrid Active FoF effective April 1, 2026. The move follows SEBI’s updated framework for Fund of Fund schemes, shifting the portfolio toward active mutual fund investments. The fund aims to better navigate different market cycles with a more aggressive stance.
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