💨 Abstract

Mutual funds have increased their stake in Paytm, an Indian mobile payments company, by 1%. Major mutual funds like Mirae Asset and Nippon Mutual Funds have expanded their stake to 4.49% and 2.27% respectively. Analysts predict strong growth and profitability for the fintech company, with a potential for growing revenues multi-fold over the next decade.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖