These 22 mutual funds continue to show faith in Paytm

RBI Ban on Paytm Payments Bank

The Reserve Bank of India’s clampdown on Paytm Payments Bank in January stirred a ripple of panic in the domestic mutual fund market.

Multiple fund exits in the Paytm crisis

Unsurprisingly, several schemes, 22 to be precise, exited their stakes in Paytm, while a few others reduced their investment significantly in February.

Funds showing faith in Paytm

However, as many as 22 mutual funds remain unmoved by the current crisis, even as the fintech company’s share price plummeted by around 53 per cent.

Jumping from a sinking ship

We’ll come to these funds later. Before that, let’s look at some of the funds that dropped Paytm like a hot potato. These funds had a sizable Paytm allocation.

Mutual funds undeterred by the Paytm crisis

Now, let’s look at the funds that hold the same number of shares despite the RBI-Paytm tussle.

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