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Fintech stock jumps after it partners with SBI Mutual Fund to launch ₹250 SIP

Prominent fintech company partners with SBI Mutual Fund to launch the JanNivesh ₹250 SIP, offering flexible investment options to empower individuals and promote financial inclusion, aligning with India's Viksit Bharat vision.
Fintech stock surges after partnering with SBI Mutual Fund to launch ₹250 SIP offering.
Fintech stock surges after partnering with SBI Mutual Fund to launch ₹250 SIP offering.

Introduction:

Leading fintech company, in collaboration with SBI Mutual Fund, has launched the JanNivesh ₹250 SIP to make investing accessible for all. This initiative aims to promote financial inclusion and empower individuals to start their investment journey with flexible options.

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Also Read: Ashish Kacholia stock jumps after receiving multiple orders

Share price movement of One 97 Communications:

On February 18, 2025, One 97 Communications Ltd. opened at ₹741.05, up 1.09% from its previous close of ₹733.65. The stock hit a high of ₹742.00 and a low of ₹725.90. By 10:18 AM, it traded at ₹731.55, with a market cap of ₹46,549.73 crore.

Paytm Partners with SBI Mutual Fund to Launch ₹250 SIP:

Paytm, in collaboration with SBI Mutual Fund, has launched the JanNivesh ₹250 SIP to promote financial inclusion and help Indians start investing with small, regular amounts. This initiative aligns with the government’s Viksit Bharat vision.

The JanNivesh SIP offers flexible investment options, allowing contributions on a daily, weekly, or monthly basis. This initiative targets young professionals and first-time investors, enabling them to build wealth through accessible and affordable investment opportunities. The launch was supported by SEBI and SBI leaders.

Through this partnership, Paytm aims to empower millions, including merchant partners, to take their first step toward long-term wealth creation. The launch of this SIP is expected to drive financial literacy and economic inclusion across the country.

Recent news on One 97 Communications:

As of January 20, 2025, One 97 Communications Ltd. reported a net loss of ₹208.5 crore for Q3 FY25, reversing from Q2’s profit. Revenue declined 35.87% YoY to ₹1,827.8 crore, though expenses dropped 30.98% YoY.

Ace investor holding in One 97 Communications:

Akash Bhanshali 

Akash Bhanshali holds a 1.24% stake in One 97 Communications Ltd., owning 7,921,162 shares valued at ₹576.3 crore. His investment underscores confidence in the company’s growth potential within the fintech sector.

Stock performance of One 97 Communications for Period of 1 week, 6 months and 1 year:

One 97 Communications Ltd. has seen a -2.25% return over the past week but experienced a significant 32.4% growth over the last six months. Over the past year, the stock surged 105%, reflecting strong long-term performance.

Also Read: Pharma stock jumps 3% after signing supply agreement with Beihai Biotech

Shareholding pattern of One 97 Communications:

ParticularsDec 2024Sep 2024Jun 2024
Promoter0.00%0.00%0.00%
FII56.20%55.50%58%
DII12%9%7.20%
Public31.90%36.00%34.60%
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About One 97 Communications:

One 97 Communications Ltd. (NSE: PAYTM), established in 2000, is India’s leading digital ecosystem, serving over 333 million consumers and 21 million merchants. The company offers payment, financial, commerce, and cloud services, enhancing digital experiences for clients and businesses.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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