Paytm is not among heavily-owned stocks by mutual funds in India as 23 fund houses via 69 schemes have invested Rs 1,995 crore in the company. Paytm’s average market-cap was Rs 53,327 crore during the June to December period.
“Just a word of caution before we talk about the top sectoral or thematic funds. You should only invest in these thematic and sectoral funds if you understand the sectors and the cycle of the businesses that you are investing in because these funds take exposure in specific sectors and stocks which participate during the economic turnarounds of an upturn and a downturn.”
Nippon India Innovation Fund: New Mutual Fund offers a chance to make money from innovative and disruptive technologies Details financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.