Rout in PB Fintech stock deals Rs 11,000 crore blow to mutual funds

The sharp fall in PB Fintech’s prices over the last two trading sessions has led to a loss of nearly Rs 11,000 crore for mutual fund investors.MFs held a combined 151.5 million shares of PB Fintech at the end of August, according to Prime Database.The holding, which was valued at Rs 28,561 crore at the end of the market session on Tuesday, is down over 38 per cent in the past two sessions to Rs 10,914 crore.The online insurance product distributor is among the companies with the highest MF ownership.