Paytm Money, the financial arm of payments company Paytm has launched a stream of financial services which can be done through the app. Using Paytm Money you can buy stocks, invest in mutual funds, and prepare for your retirement with NPS using your smartphone.
It offers wide access to financial products and services to invest, manage money and achieve your financial goals. Paytm Money Limited is an investment adviser (IA) registered with SEBI, offering investment advice and consultancies.
The interface of Paytm Money is simple, streamlining digital KYCs, automated purchasing, a modified portfolio, and useful insights into informed investment decision-making.
Paytm Money App
Paytm Money charges a fee for opening a Demat and for digital KYC.
To open a trading and Demat account with Paytm follow these easy steps:
1. Log in with your Paytm Credentials- (Paytm registered mobile number or email ID)
2. Enter your PAN & check KYC status.
3. Get a confirmation link via SMS.
Invest in Stocks
Investors can create and configure several watch lists to track real-time price changes for up to 50 stocks. By scheduling buying orders on a weekly/monthly basis, consumers can also automate stock investments. With the built-in trading calculator, the investor can find the exchange costs and know the exact breakeven price to profitably sell stocks. To make the stock trading process more enjoyable, sophisticated charts and other options such as cover order & bracket order have been included. There is an option to get in-depth financial & historical price data for every listed company. Paytm Money follows a clear brokerage model where it charges a flat Rs 10 or 0.05 percent (whichever is lower) per order executed. The nominal fee for brokers per order is Rs 10.
Apply for IPO
There are a lot of startups that are raising funds and are coming up with IPOs this year. Using the Paytm money app you can invest in IPOs easily. When you log in to your Paytm Money app, you will be able to see a list of past and upcoming IPOs where you can register for IPOs that are available for applications. You can add details for bidding such as quantity, amount, and so on. Note that a maximum of 3 bids is allowed. Enter UPI id so that the funds of your highest bid are blocked. You will get the same mandate on your UPI app. When the allotment happens, you will be informed of your assignment status.
Exchange-Traded Funds or ETFs are funds traded on the exchange. At Paytm Money, you can access various types of ETFs from equity, gold, and debt categories in order to gain exposure to all leading companies and main industries in one go at a nominal amount. The platform includes you with ETF live market rates and allows you the flexibility to buy and sell ETFs in real-time. You can conveniently monitor price increases in the chosen ETFs by setting price notifications on the app and be alerted when the target price is hit. You can place a sell order during open market hours and have the money credited to your bank account within 2 days, depending on the real-time prices of the ETF.
Gold is considered a safe haven by the majority of Indians and is one of the most loved asset classes. Using the Paytm Money app, one can buy and sell gold using the smartphone. Buy gold to store it in your online account, you can pay the making charges & request for delivery anytime after 24 hours. When you buy gold with Paytm Money, it will be stored with zero storage charges in the MMTC's most safe, 100 percent insured vaults. It is quicker and affordable to invest in digital gold as you can begin investing with as little as Re 1. They guarantee you 24 K 99.99 percent Pure Gold from MMTC-PAMP (India's only Globally Certified Refinery) in the case of Paytm Money's digital gold.
Buy Mutual Funds
Buying Mutual Funds was never this easy, using the Paytm Money app you can buy them instantly. There are no hidden charges, commissions, or fees on buying & selling mutual funds. Individuals can also earn up to 1% extra return investing in direct mutual funds. One can view insights, statements & track Performance anytime for free. Invest in different types of Mutual funds such as Debt funds, liquid funds, and hybrid funds. Based on the scheme ranking, fund manager, risk aversion, investment goal, etc., investors may choose direct mutual fund plans. The Paytm Money app offers systematic investment plans (SIPs), Lump sump investments.
Save your tax using Paytm Money. Equity Linked Savings Scheme Schemes are diversified equity funds that have the dual purpose of saving taxes and building capital over the long term. Paytm Money provides direct tax benefits of more than 35 AMCs. These funds have a mandatory lock-in period, you should be prepared to remain committed for that time and to arrange your financial arrangements accordingly. You can choose to invest only in commission-free direct plans and download tax statements instantly to submit as tax-proof.
Invest in NPS
Paytm Money is one of the first online platforms in the country to offer the National Pension System (NPS) on its app. It also received approval from the Pension Fund Regulatory and Development Authority (PFRDA). Investing in NPS can be a major step towards a stable post-retirement life in a tax-efficient and cost-effective way. And investing in NPS by Paytm Money is as smooth and easy as ever.