Paytm Money Launches ETFs, Can Start Trading with Just Rs.16

Paytm Money, Paytm’s wholly-owned subsidiary, launches Exchange-Traded Funds (EFTs) on its platform post the approval from the Securities and Exchange Board of Indian (SEBI). ETFs are passive funds listed on NSE/BSE and traded like regular equity shares proving the merits of mutual funds along with the return potential of stocks. With the inclusion of ETFs, Paytm now is a comprehensive platform for investors who can conveniently access ETFs and start investment.

The new investors can facilitate ETF investments for as low as Rs.16 in Equity, Rs.44 in Gold and Rs.120 for NIFTY. While the platform has an interactive and easy to use interface, it also updates the live prices of and ETF and enables investors to place a sell order during the open market hours and receive money directly in their bank account. The platform provides the flexibility to invest via both Paytm Money app and Paytm Money website.

Varun Sridhar, CEO, Paytm Money, says, “ETFs are investment avenues that everyone should add to their portfolio to earn index or market-linked returns at a lesser cost. At Paytm Money, our efforts have been to democratize and simplify wealth management for all and in the case of ETFs also we have simplified investing for everyone. We are offering a user-friendly interface along with necessary factors that the user may need to make an informed decision and invest in ETFs of their choice conveniently. We are targeting 100k users to invest in ETFs in the next 12 to 18 months through the platform.”