n Initial Public Offering is when a company for the very first time offers its shares to the public by listing them on the stock exchange.

The companies that got listed (came out with IPOs) during March and April received mixed responses from fund managers.

Few of them received overwhelming responses while others have failed to impress fund managers.

• IPO terms you must know

Jet Airways [Get Quote] India Ltd

Only four funds invested in Jet Airways initially. By April end, the number went up to 11, due to the appreciation in its stock price.

Though the response from mutual funds has not been too great, Reliance [Get Quote] Vision is very optimistic on this stock.

In April, the fund had invested 9.41% of its assets (total investments) in the stock, making it the second biggest holding of the fund. It dropped to 6.57% in May.

Other funds that bought the shares of Jet Airways are HSBC Equity and HSBC India Opportunities Fund. By May end, 14 funds had invested in this company.

• How risky is your mutual fund

UTV Software Communications Ltd [Get Quote]

As per the portfolios of March 2005, six funds had invested in this company.

Reliance Media and Entertainment Fund invested 9.04% of its assets in the stock.

As the stock languished on the bourses, three of these six sold their shares in April.

However, the number of funds is back to six as per the portfolios of May 2005.

• How to compare mutual funds

Enami Ltd

During the first month of listing (got listed on March 24, 2005), 15 funds had invested in the stock.

Magnum FMCG invested close to 6% of its assets in the stock while Franklin FMCG invested 0.53% of its assets in the stock.

Franklin India Prima and Franklin India Flexi Cap added the stock to their portfolios in April 2005.

• How many mutual funds must I invest in

Gateway Distriparks Ltd [Get Quote]

A hot stock amongst mutual funds.

When the stock got listed in March, 23 funds invested in it.

The Franklin Templeton Asset Management Company has shown the most interest in this stock. As many as nine funds from this company have invested in Gateway Distriparks Ltd.

• What you mutual fund agent will not tell you

3i Infotech Ltd

This one got a very poor response from the fund managers.

Only two mutual funds � Magnum IT and Magnum Midcap - invested in this stock.

Magnum IT is the only technology fund to have invested in the stock.

• The best mutual fund scheme for you

Gokaldas Exports Ltd [Get Quote]

This IPO generated a tremendous response from fund managers.

As per the portfolios for April, when it was listed, as many as 41 funds from 16 fund houses, had invested in the stock.

Six funds from each fund house, Prudential ICICI [Get Quote] Mutual Fund and Franklin Templeton Mutual Fund, have invested in this stock.

Totally, 35 diversified equity funds (mutual funds that invest in the shares of various companies of different sectors), five tax planning funds (diversified equity funds with a tax benefit) and one FMCG fund (sector fund that invests in the Fast Moving Consumer Goods sector) have bought the stock.

• Why you should watch over your mutual fund

Shringar Cinemas Ltd [Get Quote]

Funds from Cholamandalam Mutual Fund, ING Vysya and Sundaram Mutual Fund were some of the 14 funds that invested in this stock in April.

However, by May-end, the number dropped to seven, with all the Cholamadalam funds selling their stock.

At present, no single fund has more than 1% of their total assets invested in this stock.