Financial analysts discuss market data in a busy office as MobiKwik navigates investment changes.
Domestic alternative investment funds (AIFs) significantly reduced their holdings in the fintech company MobiKwik during the fourth quarter of FY26. This sell-off occurred even as MobiKwik reported its first profitable quarter as a listed entity in December 2025.
Data for the March quarter reveals that domestic AIFs collectively decreased their shareholding in MobiKwik by 50%, from 1.41% (11.12 Lakh shares) to 0.71% (5.61 Lakh shares). Two AIFs have exited the company entirely in the past three months, while three continue to hold stakes.
Previously, domestic AIF entities such as those associated with 360 One, SBI Funds, and 3P Investment Managers had acquired shares during MobiKwik’s Initial Public Offering (IPO) anchor round.
In contrast, foreign portfolio investors (FPIs) have increased their stake in MobiKwik. Their cumulative holding rose by 33% to 4.25% (33.42 Lakh shares) from 3.18% (25.02 Lakh shares) at the end of the December quarter. Seven category I FPIs are invested in the company, alongside two category II FPIs.
Notably, FLC Investco, Llc (a category I FPI) expanded its stake to 1.16% (9.15 Lakh shares), while the Government Pension Fund Global maintained its 2.99% holding.
Investor Sathyamoorthi Devarajulu divested his entire 1.44% stake (9 Lakh shares) through a bulk deal in February for ₹19.7 crore.
The majority of MobiKwik’s shares remain held by retail investors, who accounted for approximately 36% of the company’s stake at the end of the March quarter, although they also sold around 3.31 Lakh shares during the period.
Seven foreign entities, including Peak XV Partners, Cisco, and American Express, collectively maintained their 11.84% holding. Corporate bodies also kept their ownership stable at 16.72%.
MobiKwik’s share price experienced volatility, falling about 33% during the quarter and reaching an all-time low of ₹151.95 on March 30. The company reported a consolidated net profit of ₹4 crore in Q3 FY26, a significant turnaround from a loss of ₹55.3 crore in the same quarter last year. Operating revenue grew 7% to ₹288.9 crore in Q3 FY26 compared to ₹269.5 crore in Q3 FY25.
The fintech company also received approval from the BSE in February to commence its stockbroking business through its subsidiary, Mobikwik Securities Broking Private Limited.
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