Paytm owned by One97 Communications launched its much-awaited Paytm Mutual Funds app, Paytm Money. Aimed at selling mutual funds and financial products, Paytm Money will offer SIPs starting at as low as Rs 100.
The company plans to double the number of mutual fund investors in the country by 2023 to over 50 million. Currently, India has around 20 million active mutual funds investors.
Paytm Money Ltd, a wholly-owned subsidiary of Paytm has already partnered with 25 asset management companies (AMCs) to sell direct plans of mutual funds via its Paytm Money app.
Paytm Money :-
Paytm Money is basically a mutual funds app via which one can buy and sell mutual funds. The Paytm Mutual Funds app will enable customers to buy and sell mutual funds directly via the Paytm Money app and manage the investment portfolios from your device.
Paytm Money is live now, and you can download the app directly from your app store. Investors can download the app and can start investing on the Paytm Mutual Funds app from today only.
How To Buy Mutual Fund On Paytm Money App?
To start with, interested investors need to complete their Know Your Customer (KYC) formalities first. Once you are done with the KYC, now you have to create your risk profile on the app, which remains pre-stored in the app. Your risk profile will be there every time you check any scheme, before actually buying it.
Once you finalize which mutual fund you want to buy, you can buy it as a Lump Sum or via a SIP scheme.
10 Things You Need To Know About Paytm Mutual Funds App | Paytm Money
With Paytm Money, its parent company Paytm aims to democratise mutual fund investments across the country by making investing easy and hassle-free.
Initially only 2,500 users a day will get access to buy mutual funds which will later increase to more than 10,000 users daily in a few weeks……….Read More>>