Indian mutual funds have made a complete exit from Easy Trip Planners (EaseMyTrip) during the month of March 2026. According to the latest portfolio churn data from Prime Database, domestic fund houses liquidated their remaining holdings in the online travel platform, selling approximately 59.92 lakh shares.
Despite this institutional exit, the company’s stock has shown remarkable resilience, recently rallying to a new 52-week high of ₹8.17 following a series of aggressive international expansion moves.
Breakdown of the Mutual Fund Exit
The exit marks the end of a steady reduction in mutual fund exposure to the travel tech firm over the last two quarters.
- Total Shares Sold: ~59.9 lakh shares (approx. 0.18% of the company).
- Value of Liquidation: Approximately ₹5.17 crore.
- Key Sellers: Major index and thematic funds led the exit, including the Motilal Oswal Nifty Microcap 250 Index Fund (which sold 57.4 lakh shares) and the Mirae Asset Nifty India Internet ETF.
- Remaining Institutional Holding: While mutual fund holding has dropped to 0%, other domestic institutional investors (DIIs) such as insurance companies still hold roughly 2.3% of the equity.
The “Retail-Heavy” Shareholding Pattern
With the exit of mutual funds, EaseMyTrip’s shareholding has become increasingly dominated by retail investors. As of April 2026, the ownership structure stands as follows:
| Category | Shareholding (%) |
| Promoters | 47.72% |
| Retail / Public | 48.56% |
| Insurance Companies | 2.30% |
| Foreign Institutions (FIIs) | 1.42% |
| Mutual Funds | 0.00% |
Counter-Intuitive Rally: Expansion in Latin America
The institutional sell-off in March did not dampen market sentiment. On April 15, 2026, EaseMyTrip shares surged 7% to hit their yearly peak. The rally was fueled by the company’s strategic push into the Brazilian market.
- Brazil MoUs: EaseMyTrip signed multiple Memorandums of Understanding with Brazilian corporate and institutional partners, including AGK Corretora de Cambio and Neo Sector, to tap into South America’s corporate travel ecosystem.
- Latin American Growth: This follows a broader strategy to diversify revenue away from the competitive Indian domestic market, where rising ATF prices and geopolitical rerouting have hampered airline profitability.
Market Performance at a Glance
- Current Market Price: ~₹7.99 (as of April 16, 2026).
- YTD Returns: The stock has gained 8.5% since the start of 2026.
- Market Cap: Approximately ₹2,905 crore.
Analyst Insight: “The mutual fund exit from EaseMyTrip appears to be more about ‘portfolio cleaning’ in the microcap segment rather than a comment on the company’s fundamentals,” says a mid-cap analyst. “While institutional support is currently zero, the aggressive expansion into Brazil and a 16% rally over the past month suggest that retail investors are betting heavily on the company’s global pivot.”
