Paytm is now enabling you to seamlessly make your investments via its newly launched subsidiary Paytm Money. You can now invest in mutual funds via SIPs (Systematic Investment Plans) starting just at Rs. 100.
The onboarding & KYC processes are completely paperless. Here’s how you can start investing via Paytm Money:
Once the transaction is complete, investors can view the timelines of transactions along with their personal portfolio on the app on a dedicated section.
Paytm Money has taken an investor-first approach with direct plans & no fee for investors & aims to double the mutual fund industry penetration in the next 3 years.
Earlier this year the company received SEBI approval to act as an Investment Adviser (IA) and aims to provide both investment advisory & execution services. Paytm Money aims to become a full-stack investment & wealth management company. Paytm Money is headquartered in and operates from Bengaluru; its 100+ member team is led by Pravin Jadhav, Whole-time Director. The company has received an investment commitment of $10 million for setting up its operations from its parent One97 Communications Limited.