Paytm Money launches a dedicated app for Investment at Zero Charges
Paytm, the revolutionary digital payments company, has currently forayed into the investment firm house and thru its association with as several as twenty five quality management firms (AMCs) are going to be providing direct plans of mutual funds that may be purchased from its new launched Paytm cash app. the corporate via its app plans to sell investment firm schemes to twenty five million people within the next 3-5 years time.
As per the company release, the new Paytm Money app has been registered with capital markets regulator Securities Exchange Board of India (SEBI) as an investment advisor for selling direct plans of mutual funds. The platform allows individuals to invest in mutual funds with as less an amount as Rs. 100 on a monthly basis via systematic investment plans (SIP). Further, the reports suggest that 8.5 lakh users have already registered themselves on the app and these are chiefly from beyond the top 15 cities.
The process to take a position in mutual funds via Paytm cash app
1st, people willing to take a position in mutual funds via Paytm cash ought to get their KYC or recognize your client verification finished obtaining started with investments. once this associate investment account with the corporate may be opened at zero fees.
Here area unit listed few steps victimization that you’ll invest in mutual funds via Paytm cash app one
- Log in to the new Paytm cash app victimization your Paytm account credentials like the Paytm registered e-mail Id or mobile range.
- your PAN or permanent account range to visualize KYC standing. once the small print area unit shared and KYC verification is complete, users will begin to take a position in mutual funds inside minutes.
- At the shopping for the stage, investors will choose direct investment firm plans on the idea of theme rating, fund manager, risk appetence, investment objective etc.
As per Paytm cash, no dealing fees are to be paid whereas shopping for or commercialism investment firm schemes. Also, there are not any hidden charges, commission or fees. Investors will expect up to a quarter higher come back. the corporate claims to supply most come back on endowed cash.
In addition, the company will help you during the mutual fund selection process by providing services such as instantaneous tracking of the investment and free risk profiling of the prospective customer.