In the past one month, Nifty Next 50 index was down 14%, as compared to 7% decline in the Nifty 50 index.
Zomato (down 6 per cent to Rs 57.65) and Policybazaar (down 5 per cent to Rs 597.20) have their respective all-time lows since their stock market debut.
Cash deployment and valuation upside for new business/investee firms are other triggers