News From Press Explained: Paytm fiasco impact on mutual fund investors

Explained: Paytm fiasco impact on mutual fund investors

Source: Business Standard Feb 6, 2024

At least nineteen out of a total of 23 asset management companies (AMCs) do not include One97 Communication Ltd (Paytm) in their portfolios, and nine of these 19 AMCs have no exposure to Paytm through their active mutual funds, revealed data gathered by fintech startup Fisdom. 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.

Click here for more

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

Valuations in Indian markets have become reasonable: Mirae's CIO Surana

Mutual funds take a hit but still 80% of equity funds fare better than the benchmarks

RBI nod for Central Bank of India’s insurance foray in JV with Future Generali

Adani Group bribery allegations: What it means for mutual funds

Active mid, small-cap funds look smart in this market correction

5 investment lessons from Rajeev Thakkar's recent letter to unitholders

GST on health insurance needs to be reduced: IFFCO Tokio's Subrata Mondal

Mutual funds bought 46 lakh shares of Adani Enterprises last month

MF Query: How to deploy Rs 15 lakh lump sum investment in current market conditions

You don’t need to buy compulsory personal accident insurance cover more than once

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS