PB Fintech543390Insurance distribution, fintech
Fund manager confirmed holding PB Fintech through August and September despite a sharp 50-60% fall during the period, citing regulatory commission structure concerns
By ScoutQuest · · 1 min read
- Stock decline during month
- 50 60%
Heard on business television between 09:30:04 - 09:33:04 IST.
- Krishna Sangvi said the fund held PB Fintech in both August and September, with some intra-month transactions but position maintained as of September end.
- He said the stock fell sharply, around 50-60%, during the month.
- He attributed the fall to draft regulatory changes on commission structure affecting revenue.
- He said the market should wait for the final regulatory draft, which could bring a better picture, and that volume growth could offset commission drops.
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