Paytm Money to offer Mutual Fund investment products at no fee to customers – What consumers need to know

By: |
New Delhi | Updated: August 26, 2018 8:46:16 AM

Paytm Money, a subsidiary of digital payments major Paytm, today said it will offer mutual fund investment products at zero fee to its customers.

Paytm Money, Paytm Money, mutual investment products, patym, mutual fund schemesPaytm Money will offer mutual fund schemes in direct plans that come with lower expense ratios, it added.

Paytm Money, a subsidiary of digital payments major Paytm, has said that it will offer mutual fund investment products at zero fee to its customers. The investment and wealth management platform, which is slated for launch in the next two weeks, has seen huge consumer interest with more than 7.5 lakh people registering for early access, Paytm said in a statement. Paytm Money will offer mutual fund schemes in direct plans that come with lower expense ratios, it added.

“We are aiming to make investing simple, transparent and accessible for all. We believe that the mutual fund industry will grow from current 20 million investors to over 50 million investors in the next five years,” Paytm Money Whole-time Director Pravin Jadhav said. Offering users the best possible investment product at zero fee will help accelerate this growth, he added. In January, Paytm had announced that it will set up ‘Paytm Money’ to build investment and wealth management products for its users.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Franklin Templeton MF schemes closure: Madras High Court asks Sebi to file status report
2Important alert for Franklin Templeton investors: Three-day voting window to open on June 9; check details
3Mutual Funds: Invested in credit risk funds? Shift to safer banking and PSU funds