Get the app
Personal Finance
Personal Finance
on
JumpyHamster
JumpyHamster
Stealth

[Paytm] Many MF will face the wrath next week

How do MF manage such shocks? Damn, didn't know that so many MF had exposure. I think many of them may not buy more if other payment players start poaching merchants.

Intresting to see SBI payments reacting to news.

https://www.livemint.com/mutual-fund/paytm-stock-crash-mutual-funds-schemes-likely-to-face-music-with-navs-under-pressure-rbi-bse-paytm-shares-markets-11706776025430.html

17mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
JumpyHamster
JumpyHamster
Stealth17mo

I m curious but was Paytm a midcap company? That many midcap & Large cap MF have them

SqueakyMuffin
SqueakyMuffin
Zomato17mo

Paytm, after the 3 drops of 20,20,10%, still has a market cap of 27,800cr which makes it a large cap stock.
Any stock values above 20k cr ($2.5bn) is a large cap stock. Paytm IPOed at $19bn.

GigglyBiscuit
GigglyBiscuit
Zomato17mo

My mind whenever I see MF.

Discover more
Curated from across
Indian Startups
Indian Startups17mo
by SleepyMarshmallowZomato

Paytm gets a shock from RBI

PAYTM Payments Bank essentially asked to shut shop.

Afaik here are the few implications

  1. Stock market will react in a bad way to them
  2. Worst affected are going to be FasTag users who bought from PayTM.
  3. No deposits / credits...
Post image
Top comments
user

That stock is about to crash so fucking hard. Thank god i got out. The crappiest IPO of this decade.

user

This is eerily reminiscent of Razorpay debacle. Something similar has even happened to AmEx at some point in India. ...

user

Very bad. This was my everyday bank account for small transactions. Easy to remember account number also

News Discussion
News Discussion17mo
by SquishyWaffleSoftware Engineer

PayTM, 31st Jan

Can someone explain what just happened to PayTM and if other FinTechs could be subject to something similar?