Now invest in mutual funds in 3 steps via this digital app; Find out more
In order to offer direct plans of mutual funds, Paytm has partnered with 25 asset management companies.
One of the largest digital portals in India, Paytm, has now taken one step ahead in boosting its growth. This time the wallet has made it very convenient for its customers to invest in mutual funds. Mutual fund schemes is a pool of savings contributed by multiple investors and is currently at a booming stage. One can invest in mutual funds using Paytm through its newly launched walled called as ‘Paytm Money’. This new app targets to sell the mutual fund to around 25 million people in the next three to five years. In order to offer direct plans of mutual funds, Paytm has partnered with 25 asset management companies.
The app is been registered with securities markets regulator SEBI (Securities Exchange Board of India) as an Investment Adviser (IA) to offer direct plans of mutual fund schemes, as mentioned in the official release of the company.
One can invest in mutual funds via Paytm Money platform by as low as Rs 100 per month in the form of systematic investment plans (SIP).
As per the official release, the platform is completely free and will give higher returns on investments, the release added. As per reports, some 8.5 lakh individuals have already registered on the company’s platform and these are primarily from beyond the top 15 cities.
Users willing to start investing in mutual funds can verify their KYC (Know Your Customer) for investments at the earliest and start investing. Users can open their investment account at zero fees.
There are no hidden charges, fees or commissions. Paytm Money app gives maximum returns on money.
Up to 1%, higher returns are available. No transaction fees are to be paid on buying and selling of mutual funds, said Paytm Money.
Paytm Money platform offers fully digital KYC (Know Your Customer), transparent and instant tracking of the investment process, seamless payment experience and free risk profile assessment.
Steps to start mutual fund investments via Paytm mall:
1. Log in with your Paytm credentials. Use your Paytm registered mobile number or email ID to sign in to Paytm Money account.
2. Enter your PAN (Permanent Account Number) and check KYC status. Share details and become investment ready within minutes, said Paytm Money
3. Now, search mutual fund schemes by ratings, ideas, fund managers and more and make your first investment.