News From Press FIIs vs MFs: How the big boys are dealing with Paytm & other new-age stocks

FIIs vs MFs: How the big boys are dealing with Paytm & other new-age stocks

Source: ET Jul 28, 2023

Amid increasing optimism on Dalal Street over the path to profitability of new-age tech stocks, mutual funds raised their bets in Zomato, Nykaa, Delhivery and PB Fintech while FIIs chose Paytm during the June quarter.

An analysis of the latest shareholding pattern of the new-age companies shows that domestic fund houses increased their ownership in Nykaa by 336 bps to 8.5% in Q1.

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