According to Fisdom Research, the mutual fund industry's shareholding in Paytm climbed by 41% in January 2024 compared to December 2023, prior to a 55% drop after January 31st.
On January 31, the Reserve Bank of India (RBI) imposed operational restrictions on Paytm Payments Bank Ltd. (PPBL) due to persistent noncompliance issues and severe supervisory concerns. The company's stock price has fallen by 55% on both the NSE and the BSE since January 31, according to data.
In terms of share count, Nippon Mutual Fund, Mirae Mutual Fund, and Motilal Oswal Mutual Fund are the top three, with the most Paytm shares in their portfolios as of January 2024. In January 24, two AMCs, Baroda BNP Paribas and Navi MF, entered the Paytm market through actively managed funds.
In January 2024, HSBC AMC totally abandoned the stock from its actively managed funds. Quant Mutual Fund, on the other hand, dropped its exposure by 72.4% during the same period, while Aditya Birla Sunlife MF lowered it by 10%.
SBI Mutual Fund, Edelweiss Mutual Fund, Kotak Mutual Fund, TATA Mutual Fund, ICICI Mutual Fund, Bandhan Mutual Fund, and Grow Mutual Fund were not actively involved in Paytm. The number of programs in Paytm's portfolio grew from 70 to 77 in January 2024.
