Why LIC MF Is Bullish On New-Age Stocks | Paytm, Eternal & Internet Plays Explained

Are new-age internet companies entering their next big growth phase? In this conversation, Dikshit Mittal, Senior Fund Manager - Equity, LIC MF, explains why he remains bullish on India's new-age businesses. He highlights how companies such as Paytm and Eternal are gaining market share from traditional brick-and-mortar players while improving their unit economics. Mittal says the cash-burning phase seen two to three years ago is now largely behind these companies, with incremental revenue growth creating strong operating leverage. He also points to their entry barriers, fixed-cost structures and rapidly improving profitability. With several consumer-focused internet companies delivering strong top-line growth and multiplying earnings, Mittal believes the sector still offers significant value-creation opportunities. Watch the full conversation for LIC MF's internet sector outlook.