Time for new-age companies to scale down now: Rs 40,000 crore fund manager
ICICI Prudential AMC's Innovation Fund will consider new-age companies if their path to profitability is convincing, says Deputy CIO Anish Tawakley. Companies that scale down to become profitable will be considered, with losses potentially stemming from an unsustainable strategy, Tawakley said. The Innovation Fund, which aims to invest in innovative sectors, is open for investment until April 24.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
