As per the report, 19 AMCs with no exposure to Paytm are: 360 One, Axis, Bank of India, Baroda BNP Paribas, Canara Robeco, DSP, Invesco, ITI, LIC, NJ, PGIM, PPFAS, Quantum, Samco, Shriram, Sundaram, Taurus, Trust, Whiteoak.
On January 31, 2024, the Reserve Bank of India barred Paytm Payments Bank from accepting fresh deposits and making credit transactions after February 29, 2024. As per the directive, the payments bank account cannot accept deposits, credit transactions, and/or top ups in customer accounts, prepaid instruments, wallets, FASTags, and National Common Mobility Cards from March 2024.
The mutual fund industry’s collective exposure to One97 Communication Ltd (Paytm) stands at Rs 1,995 crore as of December 31, 2023, which is only 0.06 per cent of the total equity assets under management (AUM), said Fisdom Research in a recent note.
Equity Oriented funds with the highest allocation to One97 Communications Ltd. (Paytm)
Equity funds with the highest allocation to One97 Communications Ltd. (Paytm) are Mirae Asset Large Cap Fund, Mirae Asset-Focused Fund, Quant Mid Cap Fund, Nippon India Large Cap Fund, Mirae Asset ELSS Tax Saver Fund.
Apart from these, Tata has 1.8 per cent exposure to Paytm while Zerodha AUM has 0.7 per cent.
AMCs with no exposure to Paytm
Paytm shares may continue to tumble and face pressure till its compliance-related concerns are dealt with and its fundamentals show persistent improvement.
First Published: Feb 05 2024 | 6:45 PM IST