We like their business even if valuations are expensive: DSP Mutual Fund clarifies on investment in Lenskart IPO

DSP Mutual Fund clarified its investment in the Lenskart IPO amid investor concerns over valuations. The fund house stated it invests only with conviction across business strength, promoters, execution, and valuations. While acknowledging Lenskart’s strong fundamentals, DSP admitted retail and e-commerce valuations are currently high, explaining they trimmed other positions to accommodate this investment.

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