Mutual funds step up August buying in Paytm and DMart
Mutual funds bought Rs 2,528.56 crore of Paytm parent One 97 Communications in August, while Avenue Supermarts (DMart) drew an estimated Rs 2,076-2,436 crore. The two featured among 10 stocks receiving Rs 51,174.90 crore in aggregate MF flows.
What happened
Paytm (One 97 Communications) · Paytm parent One 97 Communications attracted Rs 2,528.56 crore in mutual fund buying during August, alongside Avenue Supermarts
Key facts
- Rs 51,174.90 crore total MF flows into 10 stocks in August
- Paytm/One 97 Communications: Rs 2,528.56 crore MF buying
- Avenue Supermarts: Rs 2,076-2,436 crore MF buying
- LIC: Rs 24,862 crore MF buying
- HDFC Bank: Rs 5,491.91 crore MF inflows
What changed
Paytm parent One 97 Communications attracted Rs 2,528.56 crore in mutual fund buying during August, alongside Avenue Supermarts and other Indian stocks. The 10 companies collectively received Rs 51,174.90 crore in MF flows.
Why this matters
Mutual fund buying in Paytm and DMart strengthens market confidence but does not by itself signal a change in either retailer’s operating performance.
What to watch
- Sequential mutual-fund shareholding changes in the next two disclosure cycles, especially whether buying broadens beyond a small number of schemes.
- Paytm quarterly payment GMV, merchant additions, subscription and financial-services revenue, EBITDA/cash-burn trend, and any RBI or other regulatory communication.
- DMart same-store sales growth, revenue per store, store additions, gross margin, operating margin, and competitive pricing signals from quick-commerce and modern-retail peers.
- Valuation multiples versus historical ranges and versus Indian consumer/fintech peers; a sharp premium expansion without earnings upgrades would increase correction risk.
- Foreign-institutional flow trends and broader Indian equity-market risk appetite, which can either reinforce or offset domestic MF demand.