The stock price of fintech giant Paytm has tumbled 42 percent in the last three days as it remained locked at the lower circuit throughout this period following RBI’s diktat mandating Paytm Payments Bank to halt nearly all banking services from March 1, citing supervisory and non-compliance issues.
The stock is now back at its record low level of Rs 438.35 on BSE, which it last touched on Nov 23, 2022. The three-day selloff has eroded its market value by nearly Rs 20,500 crore.
Overall, a total of 68 equity mutual fund schemes across active and passive categories had exposure to Paytm till December 2023-end worth Rs 1,994 crore.
Among these, the UTI Innovation Fund from the thematic fund category had the highest allocation to Paytm at 4.8 percent of its total AUM. This amounted to Rs 26.4 crore, as per data from Rupeevest and Value Research.
It was followed by Quant Teck Fund, also a sectoral fund, with a 3.3 percent holding in Paytm worth Rs 7.6 crore.
Another scheme from the fund house–Quant Mid Cap Fund–held 3.2 percent in the stock worth Rs 134 crore.
Nippon India Innovation Fund (thematic) was next in line with 3 percent of its AUM in Paytm valued at Rs 35 crore.
Mirae Asset-Focused Fund had the fifth highest holding at 2.9 percent worth Rs 269 crore. This was the second-highest exposure to Paytm in terms of total invested amount.
Mirae Asset Large Cap Fund led the highest investment in the stock at Rs 430.4 crore, which was 1.13 percent of its total AUM.
As per BSE data, the total stake held by DIIs in Paytm was 6.06 percent as of December quarter-end. Of this, mutual funds together held 4.99 percent and the rest was held by AIFs, insurance companies, and provident/pension funds.
Foreign Institutional Investors (FIIs) had a 63.72 percent stake in the company as of December quarter-end. Of this, 45 percent was FDI ownership.
The remaining 18.64 percent was held by FPIs including BNP Paribas Arbitrage and Canada Pension Plan Investment Board, which together held a 3.1 percent stake in the company.
Top-notch SEBI registered research analyst
Best SEBI registered Intraday tips provider
Call: +91 9624421555 / +91 9624461555