Paytm Sees First MF Stake Dip Post-Listing; Retail Selling Continues Amid RBI Concerns

• Domestic mutual funds reduced their stake in Paytm (One97 Communications Ltd.) for the first time since its November 2021 listing, during the October-December quarter.
• Mutual fund shareholding decreased from 16.25% in September to 14.96% in December.
• Retail shareholders continued their selling trend for the seventh consecutive quarter, with their stake dropping to its lowest since September 2023.
• Prominent MFs like Motilal Oswal MF, Nippon India MF, and Mirae Asset MF trimmed their holdings, while Bandhan MF's name was absent from the December list.
• Paytm shares rebounded significantly from a ₹318 low (Feb 2024) to a 52-week high of ₹1,381, driven by easing RBI concerns and payment aggregator license approval, but remain 40% below IPO price.

Why It Matters: Mutual funds trimmed Paytm stake for the first time post-listing, while retail selling persisted.