Mutual Funds Bolster Stake in Paytm Amid Promising Growth Forecasts
In a testament to its burgeoning prospects, domestic institutions led by mutual funds have ramped up their stake in the Indian mobile payments company, Paytm. Recent filings with exchanges reveal that mutual funds have increased their holdings by 1 per cent. Specifically, Mirae Asset and Nippon Mutual Funds have expanded their stakes to 4.49 per cent and 2.27 per cent,
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Read MoreSitting on 50% cash positions in some of our hybrid funds as market corrects, says Samco MF CIO Umeshkumar Mehta
Samco recently launched its Multi Cap Fund, which Mehta says is designed to address market volatility with an advanced hedging approach, aimed to deliver superior returns for investors.
“FIIs look at the world as a whole, evaluating relative risk and reward. At the moment, India might not present the best risk-to-reward ratio for them,
Domestic Mutual Funds expanded their stake by 1% in Paytm during Q2 FY25
Domestic Institutions led by mutual funds have raised their stake in the Indian mobile payments company Paytm. Latest shareholding pattern filed by the company on the exchanges shows that mutual funds have increased their stake in the company by 1 per cent.
Domestic mutual funds company Mirae Asset and Nippon Mutual Funds have expanded their stake in the company to 4.49 per cent and 2.27 per cent respectively.
» Read more about: Domestic Mutual Funds expanded their stake by 1% in Paytm during Q2 FY25 »
Read MoreWarren Buffett Is Generating an Annual Yield of 33% to 60% From 3 Magnificent Stocks — Here's His Simple Secret to Outsize Yields
CPP Investments ‘did nothing to stop pattern of criminal conduct’ at scandal-hit nursing-home chain it backed, report charges
The CPP Investments’ loss of more than half-a-billion dollars in a scandal-hit nursing-home group reveals governance issues at the giant Canadian pension fund, charges a new report.
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The Single MOST Important Number for Amazon
Following the company’s second-quarter report, Amazon (AMZN) stock surged, but not because of its e-commerce business.
Amazon’s growth rate slowed, and the company took a loss in e-commerce. However, its cloud services business, Amazon Web Services (AWS), reported a 36% jump in operating income.
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